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news 2024
Recent Completed
Major and Connected Acquisition
– China Qidian Guofeng Holdings Limited
4 September 2024
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We are honoured to have acted as the independent professional valuer for China Qidian Guofeng Holdings Limited (1280.hk) in respect of its major transaction of acquisition of Shengshang Entrepreneurial Services Company Limited (the “Target Company”). We have conducted a valuation of 100% of equity interest in the Target Company (the “Business Valuation”). The Business Valuation report was appended in the circular published today.
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The principal activities of China Qidian Guofeng Holdings Limited and its subsidiaries (the “Group”) are mainly engaged in the retail of household appliance, mobile phones, computers, import and general merchandise and provision of maintenance and installation services, training related business and the liquor business in the PRC. According to the circular of the Group, the Group further develops its training related business by acquiring the​ Target Company and its subsidiaries which is a micro-, small- and medium-sized enterprises (MSME) and individual business (IB) entrepreneurship training services provider in the PRC and targets entrepreneurs and senior executives in MSMEs, as well as individual businesses and customers who are interested in establishing start-up enterprises.
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We wish the company continued success in its corporate development.
Details of the major acquisition:
https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0904/2024090400723.pdf
Valuation Services for Immigration Purpose
– New CIES Scheme
30 August 2024
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New Capital Investment Entrant Scheme (“New CIES”) is a program launched by the Hong Kong SAR Government, effective from 1 March 2024, which allows qualified individuals to relocate to Hong Kong by making a capital investment in the form of financial assets. Under New CIES, an applicant must apply for a Net Asset Assessment to demonstrate he/she has net assets or net equity with a market value of not less than HK$30 million throughout the two years preceding the date of application. Such assets include bank deposits, securities, bonds, funds, real estate, and unlisted shares.
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From real estate to unlisted shares, we assist our clients in assessing their assets and net worth reliably. We understand the unique requirements and documentation needs under the New CIES and that our assets valuation reports are eligible for submission to the New Capital Investment Entrant Scheme Office for the Net Asset Assessment.
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With our valuation expertise, we have been trusted by our clients in serving their immigration needs across the globe. We are dedicated to providing the reliable financial documentation needed for successful immigration applications.
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Contact us today to learn how we can support your immigration goals.
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Email: general@raviagroup.com
Tel: (852) 2811 1876
Recent Completed
IPO - Tianju Dihe (Suzhou) Technology Co., Ltd.
28 June 2024
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We proudly announce that Ravia has acted as the independent property valuer for the initial public offering (IPO) of Tianju Dihe (Suzhou) Technology Co., Ltd. (stock code: 2479.hk). Tianju Dihe (Suzhou) Technology Co., Ltd. (stock code: 2479.hk) was listed on the Main Board of Hong Kong Stock Exchange on 28 June 2024.
Tianju Dihe (Suzhou) Technology Co., Ltd. is an integrated API-enabled data exchange service provider in China. They provide standard API services and customized data management solutions to internet companies, telecommunications operators, technology companies and other business and government organizations as well as app developers and technology professionals. The integrated API-enabled data exchange service market and the industry-specific API-enabled data exchange service market together comprise the overall API-enabled data exchange service market, which itself is part of the API-enabled service market.
We would like to congratulate Tianju Dihe (Suzhou) Technology Co., Ltd on its successful listing. We express our sincere wishes for the company's continued expansion and prosperity in the years ahead.
Details of the IPO:
https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0620/2024062000191.pdf
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Recent Completed
Provision of Financial Assistance to Joint Venture Company
– Oriental Explorer Holdings Limited
25 April 2024
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We are honoured to have acted as the independent professional valuer for Oriental Explorer Holdings Limited (430.hk) major transaction in relation to the provision of financial assistance to a joint venture company (the “JV Company”). The JV Company has entered into a sale and purchase agreement to acquire a piece of land in Malaysia (the “Property”) and Ravia’s valuation report for the Property was appended in the circular published today.
Oriental Explorer Holdings Limited and its subsidiaries (the “Group”) are principally engaged in property investment activities in Hong Kong and Mainland China. Its investment properties comprise car parking spaces, commercial properties, residential properties and industrial properties.
According to the circular of the company, the cooperation with the JV partners in the JV Company presents a good opportunity to leverage the Group’s knowledge and expertise in property acquisition and project management and to partner with an experienced investor to expand its business.
Details of the major transaction:
https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0425/2024042501582.pdf
We are honoured to have acted as the independent professional valuer for Indigo Star Holdings Limited (8373.hk) for the properties held by the group in Singapore in relation to the unconditional mandatory cash offer by Astrum Capital Management Limited and Red Sun Capital Limited for and on behalf of Splendor Investment Limited to acquire the shares of Indigo Star Holdings Limited in accordance with the Takeovers Code. Ravia’s property valuation report for the properties was appended in the composite document jointly issued by Splendor Investment Limited and Indigo Star Holdings Limited today.
Indigo Star Holdings Limited is principally engaged in the provision of reinforced concrete works including steel reinforcement works, formwork erection, concrete works, trading in ceramic tiles and as contractors for building related to ceramic tiles in Singapore.
Details of the unconditional mandatory cash offer:
https://www1.hkexnews.hk/listedco/listconews/gem/2024/0419/2024041900017.pdf
Recent Completed
Unconditional Mandatory Cash Offer
– Indigo Star Holdings Limited
19 April 2024
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We are honoured to have acted as the independent professional valuer for Glory Sun Land Group Limited (299.hk) in respect of its very substantial disposal transaction. Ravia’s property valuation report for the properties in connection with the very substantial disposal transaction was appended in the circular published today.
Glory Sun Land Group Limited and its subsidiaries are principally engaged in (i)property investment and development; (ii)cultural sports and entertainment business; and (iii)trading of commodities and home appliances and building materials in the PRC.
Details of the very substantial disposal:
https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0229/2024022901459.pdf
Recent Completed
Very Substantial Disposal – Glory Sun Land Group Limited
29 February 2024
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Recent Completed
Conditional Voluntary Cash Partial Offer
– Grand Field Group Holdings Limited
29 February 2024
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We are honoured to have acted as the independent professional valuer for Grand Field Group Holdings Limited (115.hk) for the properties held by the group in the People’s Republic of China in relation to the voluntary conditional partial cash offer by Halcyon Securities for and on behalf of the Rhenfield Development Corp. to acquire the shares of Grand Field Group Holdings Limited in accordance with the Takeovers Code. Ravia’s property valuation report for the properties was appended in composite offer document jointly issued by the Rhenfield Development Corp. and Grand Field Group Holdings Limited today.
Grand Field Group Holdings Limited’s principal activities are investment holding, property development, property investment, hotel operation and general trading.
Details of the conditional voluntary cash partial offer:
https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0229/2024022900132.pdf
Recent Completed
Major Acquisition – Multifield International Holdings
23 February 2024
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We are honoured to have acted as the independent professional valuer for Multifield International Holdings Limited (898.hk) in respect of its major transaction involving acquisition of land development rights in a property located in Malaysia (the “Property”). Ravia’s property valuation report for the Property was appended in the circular published today.
Multifield International Holdings Limited and its subsidiaries (the “Group”) are principally engaged in property development, property investment, provision of serviced apartments and villas and property management services, trading of securities and investment holding. The Group also focuses on the business of property development which involves purchase of land and developing properties for lease and/or sale.
According to the circular of the company, the development project of the Property will further strengthen and promote the Group’s development in Malaysia and benefit the Group’s property development and property investment business.
Details of the major acquisition:
https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0223/2024022300391.pdf
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