Business Valuation
Equity and enterprise value for M&A, financial reporting, restructuring and shareholder matters.
Read moreIndependent valuers · Qualified valuation firm · Hong Kong
Valtech Valuation Advisory prepares independent valuation reports for Hong Kong companies — for statutory audits, HKEX filings, fundraising, tax and disputes. Reports are signed by directors holding CPA, CFA, FRM, MRICS and ABV credentials, under an ISO 9001 certified quality management system.
Most valuation enquiries start with a standard your auditor has quoted. Go straight to it.
Valuation services in Hong Kong
Each links to what the work involves, what you receive, and how it is evidenced for audit or regulatory review.
Equity and enterprise value for M&A, financial reporting, restructuring and shareholder matters.
Read moreShare-based payment charges for options, RSUs, share awards and warrants.
Read moreBinomial and Monte Carlo pricing for CBs, preference shares, FCNs and embedded derivatives.
Read moreActuarial-basis LSP and severance provisions after the MPF offsetting abolition.
Read morePD, LGD and EAD models with forward-looking overlays for receivables and loan books.
Read moreIdentify and value intangibles and goodwill after a business combination.
Read morePriced-round backsolve, waterfall allocation and 409A-style analysis for founders and funds.
Read moreIndependent valuations for circulars, connected transactions and IFA support.
Read moreReal property, machinery and right-of-use assets on a revaluation or fair value basis.
Read moreTokens, security tokens and digital contracts for audit and fund reporting.
Read moreWhy companies here appoint us
Valtech directors are hands-on. The valuer who builds your model is the one who answers the auditor's questions and signs the report — not a partner meeting the file for the first time at review.
Every report is written on the assumption it will be tested: assumptions sourced, methodology justified against the applicable standard, sensitivities shown. Auditor queries are handled inside the engagement, not billed as an extra.
Option pricing models, binomial trees, Monte Carlo simulation and credit loss modelling are run by the team directly, which is what complex instruments and multi-class cap tables actually require.
The team has signed valuation reports used in public disclosure by issuers listed in Hong Kong and Singapore, covering acquisitions and disposals of assets and companies across many sectors.
Offices in Hong Kong and Singapore. A Hong Kong holding company with subsidiaries or assets elsewhere in the region can be handled under a single scope and a single report.
Valuation work follows a certified quality management system, with defined review steps before any report is released. It is a meaningful difference when a regulator or a court reviews the file.
How an engagement runs
A typical Hong Kong engagement follows four stages. The sequence matters, so it is numbered.
You tell us the entity, purpose, valuation date and standard. We confirm what is in scope, what information we need, the fee and the delivery date in an engagement letter.
We request financials, forecasts, cap table, agreements and any auditor correspondence, then build the model — market, income or cost approach as the standard and the asset require.
You receive a draft with the key assumptions flagged for your confirmation. Internal review under the ISO 9001 system happens before the draft reaches you, not after.
We issue the signed report and deal with auditor or regulator questions directly, including supporting workings where the reviewer needs to see them.
Valuation requirements in Hong Kong tend to arrive from one of four directions, and each brings a different deadline and a different reviewer.
The most common trigger is an auditor asking for independent support for a fair value in the accounts — share-based payments under HKFRS 2, financial instruments under HKFRS 9, an impairment test, an LSP provision under HKAS 19, or intangibles recognised after an acquisition under HKFRS 3. The reviewer is your audit team, and the report has to survive their file review.
Where a transaction is a notifiable or connected transaction under the Listing Rules, an independent valuation may be required for the circular. Here the reviewer is the Exchange and the independent financial adviser, and the disclosure requirements shape the report from the outset.
Startups raising capital, private equity and venture funds marking portfolios, and family offices assessing an investment all need an independent view of value — often across multiple share classes with different liquidation preferences and conversion rights.
Shareholder disputes, matrimonial matters, insolvency and transfer pricing all require a valuation that will be tested by someone whose job is to disagree with it. Valtech directors have acted in expert witness and expert report roles for litigation.
| Standard | What it covers | Service |
|---|---|---|
| HKFRS 13 | Fair value measurement — the framework behind most valuations in the accounts | Business valuation |
| HKFRS 2 | Share-based payment — options, awards, RSUs and warrants | Share option valuation |
| HKFRS 3 | Business combinations — intangibles and goodwill after an acquisition | Purchase price allocation |
| HKFRS 9 | Financial instruments — classification, fair value and expected credit loss | Convertible bonds · ECL |
| HKAS 19 | Employee benefits — long service payment and severance provisions | LSP valuation |
| HKAS 16 / 36 / 40 | Property, plant and equipment, impairment and investment property | PP&E valuation |
| Listing Rules Ch.14 | Notifiable and connected transactions requiring disclosure | HKEX transactions |
If your auditor has quoted a standard that is not listed here, it is still worth asking — the framework is usually one we work with regularly.
Before you enquire
Fees are quoted per engagement rather than from a rate card, because the work varies enormously. The main drivers are the number of legal entities and share classes involved, whether the valuation supports an audit or a regulatory filing, how many valuation dates are required, the quality of the financial information available, and the turnaround. A single-entity valuation for a private company audit is a different exercise from a purchase price allocation across a group. Send us the entity, the purpose, the valuation date and the standard, and we will come back with a fixed scope and fee.
For a straightforward single-entity engagement with complete information, a draft in one to two weeks is typical. Purchase price allocations, expected credit loss models and multi-date share-based payment work usually take longer because they involve more analysis and more auditor interaction. Year-end is the busiest period in Hong Kong, so engaging before your reporting date rather than after it materially improves turnaround. If you have a filing deadline, tell us the date in your enquiry.
Auditor acceptance depends on whether the valuer is independent and appropriately qualified, whether the methodology fits the standard being applied, and whether the assumptions can be supported with evidence. Valtech reports are prepared under an ISO 9001 certified quality management system and signed by directors holding credentials including CPA, CFA, FRM, MRICS and ABV (AICPA). We expect audit review as part of the engagement and respond to auditor queries directly rather than treating them as out of scope.
Both. A large part of the Hong Kong practice is private companies — family businesses, startups raising capital, SMEs preparing statutory accounts, and private equity portfolio companies. The team also serves listed issuers on HKEX filings and signs valuation reports for public disclosure. The methodology is the same; the depth of documentation is scaled to what the purpose requires.
Yes. The Hong Kong team works in English, Traditional Chinese and Simplified Chinese, and reports can be issued bilingually where a filing or an internal stakeholder requires it. A full Traditional Chinese version of this site is available from the language switch in the menu.
The Hong Kong office is at Unit 2106, 21/F, Futura Plaza, 111-113 How Ming Street, Kwun Tong, Kowloon. Valtech also has an office in Singapore, which matters when a Hong Kong holding company needs assets or subsidiaries valued across the region under one engagement.
Request a quotation
Send the basics — entity, purpose, reporting date and standard. A director-level valuer in Hong Kong will come back with scope, fee and turnaround.