Valuation Experience
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Companies in China need to perform various valuation works in order to meet regulatory requirements from tax authority, China Securities Regulatory Commission (the "CSRC") and the State-owned Assets Supervision and Administration Commission (the "SASAC"). Throughout the years, ValueLink have performed tons of statutory valuation assignments to meet regulatory requirements of the government agencies.
Recent valuation cases are shown as follows:
Client Industry User Valuation Purpose A Leasing Company Service The CSRC Restructuring into a Joint-stock Company A Mining Company Raw Materials The SASAC Equity Value An Airline Advertising Company High Technology State Administration of Taxation Equity Value A Solar Energy Company Energy State Administration of Taxation Equity Value A Leading Mobile Game Company High Technology State Administration of Taxation Equity Value A Leading Online Education Company High Technology State Administration of Taxation Equity Value A Software Company High Technology State Administration of Taxation Equity Value A Major Food Group Food The CSRC Material Asset Reorganisation A Leading Game Company High Technology The CSRC Material Asset Reorganization A Communications Corporation Communications Commission for Science, Technology and Industry for National Defence Equity Value A Pharmaceutical Retail Company Retail The New Three Board Restructuring into a Joint-stock Company A mobile Advertising Company High Technology The CSRC Material Asset Reorganisation An Internet data corporation High Technology The New Three Board Restructuring into a Joint-stock Company -
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ValueLink performs numerous specific asset valuation assignments, including mining concessions, biological assets and investment properties.
The following table shows certain recent cases:
Client Industry Listing Place Valuation Items A Leading Data Service Provider IT US Property Assets A Leading Foreign-invested Auto Parts Company Automobile France Investment Property A Leading Digital Entertainment Company High Technology Hong Kong Circular – Rental Value A Leading Regional Retail Company Retail NA Collateral for Securitized Assets A Major Hotel Group Hotel China Asset Securitization An Airline Company Transportation China Disposal of Non-Performing Assets A Real Estate Development Company Real Estate Hong Kong Investment Property A Real Estate Development Company Real Estate China Investment Property An Industrial Company Industrial NA Real Estate Investment -
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For material corporate transactions, companies may expect a third-party appraiser to ascertain the fair value of the subject assets under transaction. Material transactions usually include equity acquisition, asset purchase, asset stripping, merger and reorganization, shares redemption and issue of employee stock option, etc.
The following table shows selected recent valuation assignments we performed:
Client Industry Listing location Valuation Items An Aluminium Company High Technology US Equity Value - Board of Directors An Aluminium Company Manufacturing Hong Kong Value of the Acquiree - HKEx Circular A Leading Mobile Game Company High Technology Hong Kong Value of the Investee - HKEx Circular A Software Company High Technology US Equity Value of Acquiree - Fairness Opinion An E-Commerce Company High Technology US Asset to be Stripped - Board of Directors An Automobile Retailer Retail US Equity Value – Potential Investors An E-Commerce Enterprise High Technology NA Equity Value – Potential Investors A Major Food Group Food NA Value of the Acquiree - Potential Investors A Municipal Heating Company Transportation NA Income Projection - Asset Securitization A Water Processing Company Water Supply NA Income Projection - Asset Securitization A University in Yunnan Education NA Income Cash Flow Projection - Asset Securitization A Leading Supply Chain Software Company High Technology US Option Pricing - Board of Directors A Leading Data Company High Technology NA Option Pricing - Board of Directors -
ValueLink has provided valuation services to numerous companies seeking to be listed in Chna, US and Hong Kong, with industry coverage such as industrial service and high technology industry.
The following table highlights selective recent IPO asignments:
Client Industry Listing Place Valuation Items A Leading Mobile Game Company High Technology Hong Kong Purchase Price Allocation An Automobile Software Company High Technology US Purchase Price Allocation A Leading Mobile Game Company High Technology Hong Kong Preference Shares, Restricted Shares, PPA A Leading Payment Company High Technology China Share-based Compensation A Leasing Company Service China Purchase Price Allocation, Share-based Compensation A Data Module Company High Technology China Purchase Price Allocation A fashion enterprise Fashion Hong Kong Convertible bonds A Major Food Group Food Hong Kong Contingent Consideration A Robot Company High Technology Hong Kong Share Options A Life Science Company High Technology Hong Kong Preference Shares, Share Options A Leading Broadcasting Control Company High Technology Hong Kong Preference Shares, Share Options, PPA An Automobile Retailer Retail US Goodwill Impairment Test An Internet-based Financial Company High Technology US Preference Shares, Share Options, Debts and Obligations A Data Security Company High Technology China Purchase Price Allocation An Internet-based Financial Company High Technology Hong Kong Preference Shares A Textile Company Textile Hong Kong Convertible Bonds A Video Community High Technology US Share Options, Preference Shares, PPA A Major Mining Company Energy Hong Kong Mining Concessions A Livestock Husbandry company Livestock Husbandry Hong Kong Biological Asset A Real Estate Company Real Estate Hong Kong Investment Properties
