Our Valuation Advisory Services

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We perform business and equity valuation for privately held companies, listed-company subsidiaries and investment holding structures across wide range industries. Typical purposes include transactions, shareholder buy‑in or buy‑out, restructuring, strategic planning and compliance with regulatory or reporting requirements. Our approach combines detailed financial analysis, industry and market research, and appropriate valuation methodologies to provide a fair view of value.

We value a wide range of intangible assets such as trademarks, patents, customer relationships, technology, brand names and non‑competition agreements, as well as goodwill arising from acquisitions. These analyses are often required for purchase price allocation under IFRS 3/HKFRS 3, or for transaction and strategic planning needs. 

We perform impairment testing of cash‑generating units and specific assets in accordance with IAS 36/HKAS 36 and other applicable accounting standards, including goodwill and other intangible assets. Our work typically covers identification of cash‑generating units, development and review of cash flow forecasts, determination of discount rates and sensitivity analyses, with clear documentation to support management’s conclusions and facilitate audit review 

We provide valuation of financial instruments such as bonds, options, convertible bonds, preference shares and other hybrid or structured products. Depending on the complexity of the instrument, we apply appropriate models and market data to estimate fair value for financial reporting, transaction or internal risk management purposes. 

Our valuation services for employee share options and other share‑based payment arrangements in line with IFRS 2/HKFRS 2 and relevant local guidance. Depending on the plan features, we apply appropriate option‑pricing and other models, consider relevant market data and assumptions, and prepare supporting analysis to assist companies and their auditors in measuring grant‑date fair value and recording related expenses appropriately. 

We assist private equity funds and other investment vehicles with the valuation of portfolio companies and individual investments, for both periodic reporting,  transaction purposes and portfolio monitoring purposes. Our services include estimating fair value under applicable valuation and financial reporting frameworks, assessing key assumptions and valuation methodologies, and providing independent analysis to support investor reporting and governance requirements. 

We act as valuation specialists to support audit teams in reviewing valuations prepared by management or third‑party valuers. Leveraging our experience as former valuation specialists in Big 4 and international accounting firm valuation teams, we are familiar with audit expectations, documentation standards and common areas of challenge in valuation‑related audit work. Our procedures may include assessing the appropriateness of valuation methodologies, reviewing key assumptions and inputs, and evaluating the overall reasonableness of the conclusions reached. Our role is to provide advisory support and independent, well‑reasoned views that can withstand scrutiny and assist auditors in forming their conclusions on valuation‑related audit areas.

We provide financial modelling and project financing support to assist clients in evaluating investment opportunities, assessing project viability and structuring appropriate financing solutions. Our valuation work typically includes building and reviewing detailed cash flow models, performing scenario and sensitivity analyses, and assessing key financial metrics. The objective is to provide transparent, decision‑useful models and analysis that support financing discussions and ongoing project monitoring. 

We assist buyers, sellers and investors throughout the M&A process with valuation analysis, price indication, scenario analysis and support for negotiations. Our work helps clients understand value drivers, key assumptions and potential downside risks so that transaction decisions are grounded in robust analysis rather than headline multiples alone.

We provide valuation input in the context of shareholder disputes, matrimonial proceedings, loss of profit claims and other contentious matters. Our role is to provide advisory support and deliver independent, well‑reasoned valuation opinions and supporting analysis that can stand up to scrutiny from opposing parties, experts and the courts, and assist legal teams in presenting valuation issues clearly. 

We provide valuation services for tax purposes in connection with a range of Hong Kong and overseas tax matters. Our work focuses on determining an appropriate basis of value for the specific tax purpose, applying suitable valuation approaches and methodologies, and documenting the analysis in a manner that can be understood by tax authorities, advisers and other stakeholders.