Solutions

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Financial Reporting

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Purchase Price Allocations (PPA)

  • Allocation of purchase consideration into assets and liabilities by their fair values upon acquisition in accordance with HKFRS 3 (Revised), including fair value measurements of contingent consideration and non-cash consideration assets.

Impairment Testing

  • Impairment testing of goodwill and other assets in accordance with HKAS 36.

Financial Asset Valuations – expected credit losses(ECL)for loans and debts

  • Measurements of ECL based credit analyses of debtors and payment records.

Financial Asset Valuations –
investments in unquoted equities and derivatives

  • Fair value measurements of financial assets in accordance with HKFRS 9.

Financial Instruments Valuations – issuance of convertible instruments

  • Fair value measurements of employee stock options(ESOP), including determination of underlying equity values in accordance with HKFRS 2.
  • Fair value measurements of warrants, convertible bonds, convertible preferred shares etc., including determination of underlying equity values, at initial recognition and subsequent measurements in accordance with HKFRS 9, with separation of values into host debt, equity conversion, and embedded derivative components in accordance with HKAS 32.
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Transaction Support

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Merger and Acquisition

  • Valuation of equity interests or other assets for internal transaction reference by company management or board of directors.
  • Valuation of equity interests or other assets for transaction reference for public disclosure.
  • Pre-transaction pro forma PPAor asset valuations for inclusion in public circular or listing prospectus.
  • PPA valuations on target companies for financial reporting purpose upon completion of acquisitions.

Equity and Debt Financing

  • Pre-issue pro forma valuation of financial instruments based on draft subscription terms, such as conversion, redemption, liquidation preference, dividend or interest.
  • Sensitivity analysis of pre-deal pro forma valuations based on different possible market parameters, such as share prices, interest rates, volatilities, etc.
  • Fair value measurements of financial instruments upon issuance, with separation of values into host debt, equity conversion, and embedded derivative components in accordance with HKAS 32.
  • Valuation of collateral assets for financing reference.
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Other Support

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Investment Immigration/Emigration

  • Valuation of property interests or other assets for investment immigration/emigration reference for immigration applications to various countries, such as Australia, the United Kingdom, the United States, Canada, etc.