Business Valuation

AVISTA is honored to announce that we have been recognized with the Employer Partner Award 2025, organized by The Hong Kong General Chamber of Small and Medium Business (HKGCSMB). This award acknowledges our contributions in providing internship and job opportunities to local university students and graduates.
This achievement reflects our ongoing commitment to nurturing talent, fostering a supportive workplace, and empowering our team to reach new heights.
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CFA, FCPA, FCPA (Aust.), MRICS, RICS Registered Valuer
Vincent is the Founder and Managing Partner of AVISTA Group, who leads the firm’s Valuation Advisory, Risk Management Advisory, ESG Advisory and Corporate Advisory services in Hong Kong and the PRC.
Vincent has over 20 years of experiences in valuation advisory, M&amp;A advisory, business consulting and corporate investment, advising clients in a range of industries, including TMT, financial services, pharmaceutical, energy and etc. Hence, leading the firm to make breakthroughs in these areas.
Before founding AVISTA, Vincent served as an Associate Director of PwC and was in charge of the valuation division in Beijing. He has advised numerous large M&amp;A deals in both China and overseas for multinational corporations and Chinese state-owned enterprises. He also has extensive experiences in providing valuation services for US and HK IPO listing.
Vincent is the Vice Chairman of Business Valuation Committee and the Executive Council Member of The Hong Kong Independent Non-Executive Director Association (HKiNEDA), Reviewer of HKICPA Best Corporate Governance and ESG Awards, Head Juror of Institute of ESG and Benchmark (iESGB) Achievement Awards, and the member of Financial Reporting Valuation Advisory Panel of HKICPA.

VINCENT PANG

Managing Partner

AVISTA Honored with the 2025 Partner Employer Award from The Hong Kong General Chamber of Small and Medium Business

AVISTA Group and Xinghua Group are pleased to announce a strategic partnership, marking a new chapter in professional services integration and digital transformation. Founded in 1992, Xinghua Group is one of China’s most influential professional service providers, with a comprehensive platform spanning asset appraisal, real estate valuation, mining valuation, accounting services, architectural engineering services, and engineering technical expert service, and more. With over three decades of experience and a strong presence in China’s capital markets, Xinghua Group brings deep industry knowledge and a broad client base, including large state-owned enterprises. This collaboration combines AVISTA’s expertise in emerging industries—such as advanced technology, media, telecommunications, biotech, new energy, and ESG—with Xinghua’s extensive local experience.
 
 Together, we will leverage our complementary strengths and shared resources to deliver end-to-end professional services, supporting clients in cross-border investments, overseas listings, and complex transactions worldwide. This partnership underscores our commitment to providing high-quality, integrated solutions and shaping the future of the professional services industry.
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AVISTA Group and Xinghua Group Announce Strategic Partnership to Drive Integrated Professional Services in Mainland China

AVISTA had the honor of being invited as a speaker by the China Appraisal Society (CAS) for the Financial Instruments Valuation Training. This training, held during 26-28 August 2025, in Weihai, provided a platform for industry experts to share insights and knowledge with certified practicing valuers in the PRC.
 
Our Managing Partner, Mr. Vincent Pang, delivered a professional presentation on "Expected Credit Loss (ECL) and Preferred Shares Valuation Practice." Through real-world case studies, he provided practical insights into building ECL models, estimating key parameters, and addressing special clauses and terms in preferred shares valuation. His session helped participants deepen their understanding of financial instrument valuation and enhance their practical skills. AVISTA Group remains committed to supporting professional development in the asset appraisal industry. By sharing our expertise and promoting knowledge exchange, we aim to foster talent, encourage best practices, and contribute to the sustainable growth of the industry.
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As the Speaker of China Appraisal Society (CAS) for the Financial Instruments Valuation Training

Congratulations to Nanjing Leads Biolabs Co., Ltd. (9887.HK) on its successful Listing on the Mainboard of HKSE on 25 July 2025
Nanjing Leads Biolabs Co., Ltd. is a clinical-stage biotechnology company focused on the discovery, development, and commercialization of new therapies in oncology, autoimmune, and other severe diseases.
With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services on share reform, ODI valuation; and valuation services related to financial reporting purposes such as share-based compensation, preferred shares and convertible bonds.
Congratulations again Nanjing Leads Biolabs Co., Ltd. (9887.HK) on its successful listing. The issue price of the shares is HKD35 per share, and the amount of funds raised is 1.29 billion HKD.
 
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