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2011-11-03
Case Study: A Suspended Company Restructured and Relisted on the HKEX

Event Details:

Speakers :

Mr. Derek Lai, Deloitte & Touché Financial Advisory Services Limited

Mr. Patrick Yeung, Executive Chairman of Growth Enterprise Market (GEM)

listed Asian Capital Holdings Limited

Date : 3 November 2011 (Thursday)

Time : 7:00pm - 8:30pm (Registration starts at 6:30pm)

Venue : Room 202, Duke of Windsor Social Service Building, 15 Hennessy Road,

Wanchai, Hong Kong

Language : Cantonese (no simultaneous translation)

CPD Credit : 1.5 hours

Fee : HK$100**

** Fees collected will be utilized to fund events and activities for development of the accounting profession.

About the seminar:

During the financial crisis, the global economy suffered a devastating economic collapse. Once valuable securities lost most or all of their value, debt market froze, many good businesses shut down, and a number of listed company’s share price volatile and trading of which was suspended in the Stock Exchange. The speakers will discuss on the practice and implementation of a restructuring plan on a distressed HK listed company, which involves formulation of a restructuring plan, application for resumption of trading of the company's shares on the HKEx, and haircut on the Company's debts by way of Scheme of Arrangement.

In this seminar, Mr. Derek Lai will discuss:

1. The reasons why the said HK listed company became distressed;

2. The key stakeholders that are involved in the debt restructuring and resumption of trading;

3. What Deloitte did and accomplish

In this seminar, Mr. Patrick Yeung will discuss:

1. Stock Exchange rules and practice in relation to financially distressed listed companies;

2. How white knights can come about;

3. Roles of financial advisers like Asian Capital

About the speakers:

Mr. Derek Lai is the Deputy National Leader in Financial Advisory Services, Asia Head of the Restructuring Services and an executive director of Deloitte & Touché Financial Advisory Services Limited. He has specialized in corporate restructuring and insolvency in Hong Kong for over 22 years. Derek has substantial insolvency experience and has worked on receivership, liquidation, corporate restructuring and closure management engagements involving entities incorporated in Hong Kong, China and various other international jurisdictions. Derek is the Past President (2006/07) and a current councillor of CPA Australia Hong Kong China Division. Derek currently is an Adjunct Professor in the School of Accounting and Finance at The Hong Kong Polytechnic University. He frequently contributes articles in newspapers and books on the topics of liquidations, bankruptcies and receiverships in Hong Kong and the Chinese mainland. He is also a frequent speaker on related topics for numerous courses organised by universities and professional organisations.

Mr Patrick Yeung is the Executive Chairman of Growth Enterprise Market (GEM) listed Asian Capital Holdings Limited, which provides corporate finance advisory services to HK listed companies. He has served the accounting profession for almost 3 decades: was CIMA Hong Kong’s President, then a Council Member of the Hong Kong Institute of Certified Public Accountant (HKICPA). He was the President and currently a councillor of CPA Australia Greater China Division as well as a Representative Councillor of CPA Australia. He remains a Panel B member of HKICPA’s disciplinary committee. Mr Yeung was appointed by the Hong Kong SAR Government as a Member of the Insider Dealing Tribunal, two Investment Advisory Committees and the Advisory Committee for Travel Agents. He is a Member of the Advisory Boards of three universities in Hong Kong and chairs the Advisory Committee on Accounting and Finance of The Hong Kong Polytechnic University, where he is also an Adjunct Professor. Mr Yeung was the Treasurer and Member of the Council and Court of Lingnan University, and was awarded an Honorary Fellow by Lingnan University in 2008.


Enrolment:

1) Those interested are requested to register on-line by filling in the attached enrolment form. Acceptance will be on a first-come-first-served basis.

2) Successful enrolments will be confirmed by email. Unsuccessful applicants will be automatically placed on waiting list; they will be called up in the order of time of receipt of registration when vacancies arise.

3) Applicants may check their registration status using the same membership number of their professional affiliation when they register.

Payment:

1) After receiving our Confirmation, you can either pay cash or cheque for admission at location.

2) If pay by cash, please present the Confirmation with your cash payment when you attend the seminar.

3) If pay by cheque, please make cheque payable to Accounting Development Foundation Limited. Write down your name and Enrolment ID number on the back of the cheque and submit it with the Confirmation when you attend the seminar.


Seat Accommodation:

Please note that seats accommodation for accepted participants will be reserved until 15 minutes after the seminar starts. Seats may not be available for participants who are late for over 15 minutes.

CPD Hours:

For those participants who have not attended the full session, the number of CPD hours will be discounted according to the actual time of attendance. Completed CPD hours will be granted to attendees who have attended the full session. For the exact recognition of the CPD hours, please check with the respective Institute or Association.

Organizer:

Accounting Resources Centre (ARC)

CPD Requirements: Our seminars can fulfil CPD requirements. As professional bodies would not formally endorse the seminars we provide, it does not mean that the events we organize do not meet the CPD purpose. Registrants should note that you are responsible for determining whether our seminars or any event satisfy your CPD requirements i.e. that the training you receive are of appropriate standard and relevance to your maintaining and enhancing the technical knowledge and professional expertise. If necessary, please check with your respective professional body before registering our seminars. ARC does not warrant that the attendance of our seminars or events would automatically be recognized by the respective professional bodies as fulfilling your CPD requirements.



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