Entities Listing on HKEX Series – Session 4: Valuation: Before and After the M&A Transactions (archived session)

In 2023, there marked an 18% cut in the number of IPOs and a 54% decline in proceeds raised in Hong Kong. To recuperate from the downturn, continuous efforts have been made in the Hong Kong IPO market to boost the overall attractiveness of Hong Kong's capital market. The Hong Kong Exchange (HKEX) introduced Chapter 18C of the Main Board Listing Rules in 2023 to open up listing channels for specialized technology companies which will help connect specialist technology companies with international funds, bringing new opportunities to technology companies. The reforms to GEM Listing Rules was effective in January 2024, streamlining the transfer mechanism to further enable qualified GEM issuers to transfer to the Main Board. In addition, the HKEX launched of the Fast Interface for New Issuance (FINI) and Synapse platforms, as well as the cooperation with the Middle East and Association of Southeast Asian Nations (ASEAN), providing greater convenience and transparency for market participants. As a word, this will be a challenge year for the Hong Kong Capital Market.

This series aims at providing participants the updates on key aspects for listing. The e-Seminar will cover preliminary IPO planning considerations, IPO process, ESG report, the continuing obligations of a listed entity with the objective of enhancing participants' understanding of the key aspects for listing, group restructuring, merger and acquisition of listed or listing entities on HKEX, etc.

This e-Seminar focuses on the requirement and issues of valuation in relation to mergers and acquisitions (M&A) transactions. Topics include:

• Latest development of the valuation related guidance on M&A transaction
• Disclosure requirement for an M&A transaction
• Purchase price allocation upon completion of the transaction
• Subsequent impairment assessment for the goodwill and intangible assets recognized in the transaction

​​Notice

This course operates under a new Learning management system (LMS) that is designed to enhance your learning experience. To gain access to LMS, please register for an LMS account. Within a day, you will receive an e-mail from LMS containing your login ID and a one-time password for activation. 

If you have already registered an LMS account, you will be able to access the course within 24 hours. 
The viewing period is 180 days.

Offline enrolment form