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Asia Private Equity Forum 2013
S421, Hong Kong Convention and Exhibition Centre - 16, January 2013 (Wednesday) |
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The Hong Kong Venture Capital and Private Equity Association is delighted to announce the Asia Private Equity Forum 2013.
Held in conjunction with the annual Asian Financial Forum organized by the Hong Kong SAR Government, the Asia Private Equity Forum 2013 will feature a range of senior speakers from across Asia’s dynamic and increasingly important private equity industry.
Leading investment professionals from firms active in China, India, Indonesia and elsewhere in Asia will address the Asia Private Equity Forum 2013 on issues of importance to businesses seeking private capital, investors in private equity funds and government authorities alike.
Among the topics for discussion at the Asia Private Equity Forum 2013 will be:
- Increasing competition for deals: Is there too much money in the hands of Asian private equity funds?
- Country specific analyses: Where are the opportunities and risks in China, India, Indonesia, Japan, Korea and elsewhere in the region?
- The rise of local investors / local currency funds: How will this affect the behavior of fund managers, business owners and regulators?
- Terms and conditions for private equity funds: How are the interests of investors and investment managers aligned or misaligned in Asian markets?
- Exits and liquidity: Are there real alternatives to exits through initial public offerings?
The previous forum attracted more than 310 participants and considerably greater attendance is expected for the Asia Private Equity Forum 2013, including representatives of several of the region’s sovereign wealth funds and the growing number of institutional investors active in Asia.
Details of the Asia Private Equity Forum 2013 programme will be announced in September 2012 at www.hkvca.com.hk/apef. In the meantime, prospective attendees, speakers and sponsors are invited to contact the conference organizers. Admission for the representatives of qualifying Limited Partner investors will be complimentary. |
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Should you be interested to collaborate with us for the above event, please contact:
Joanne Yuen Tel: (852) 2160 1796 / email: joanne.yuen@hkvca.com.hk or
Celine Chan Tel: (852) 2160 1798/ email: cchan@hkvca.com.hk |
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Restructuring intermediate SPV’s, shareholder loans, onshore holding entities, or management contracts may at times be necessary to optimize the tax and legal position of private equity investments. However, Vietnam can be a challenging market when it comes to restructuring investments. Unforeseen tax liabilities, complex compliance rules and hefty tax rates can present an obstacle to necessary changes in the corporate or financial structure of your holdings.
As far as more frontier markets Cambodia, Laos and up-and-coming Myanmar are concerned, similar structuring questions are raised for new projects. What is the most effective holding jurisdiction for an SPV? What are the tax consequences to shareholder loans? Can an asset be divested without adverse tax exposure? Can loans be assigned or waived? Which Government approvals are necessary for offshore transactions? These and other practical questions are the subject of this half-day tax and legal workshop. We focus on real-life case studies to illustrate optimal (re)structuring involving Vietnam, Myanmar and Cambodia / Laos. |
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| Date: |
September 11, 2012 (Tuesday) |
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| Time: |
2:30 – 5:00 pm |
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| Venue: |
HKUST Business School Central
15/F Hong Kong Club Building,
3A Chater Road, Central, Hong Kong |
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| CPT points: |
2.5 |
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| Outline: |
- Asset deal v. share deal: practical analysis of onshore legal & tax issues in Vietnam;
- Which location is most suited for an SPV with interests in Myanmar: Hong Kong, Singapore, BVI or other?
- How to structure an acquisition of an asset in Laos: Onshore structure issues
- What are the tax implications for divesting shares onshore or offshore?
- How to protect yourself from a tax claim in connection with a sale of shares? Lessons learned from real life
- Restructuring financing: loan conversion, assignment and waiving repayment;
- Case-studies: divesting property in Vietnam & Cambodia;
- Due diligence tips for acquisitions in Myanmar
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| Speaker: |
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Edwin Vanderbruggen,
Partner, VDB Loi |
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Chris Muessel,
Partner, VDB Loi |
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Accreditation:
CPT Points can be claimed for full attendance. Licensed individuals may claim SFC CPT Points on the courses taken which their employers consider as relevant to the functions performed by them. |
 
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| Date: |
 (The China Club) |
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| (Hong Kong Club) |
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| Time: |
8:00 - 9:00am |
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Seats are limited and for members only
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The paper analyses the state of venture capital and private equity in Hong Kong, and its application to entrepreneurial businesses, with interesting examples of how VC and PE funds have helped Hong Kong companies succeed in globalising and branding.
The purpose of this study is to mobilize support for entrepreneurs to achieve their aspirations of becoming the significant companies.
Download HKVCA Brown Paper |
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As part of this important exercise, HKVCA is undertaking a 2-part survey on
“How to Better Foster the Creation and Development of Entrepreneurial Businesses in Hong Kong”.
The first part of the study which has been completed, focuses on the Entrepreneurs in understanding the challenges they face
This second part of the study addresses the Investors – the Angels and VCs in Hong Kong on their interest and involvement in start-up entrepreneurial companies in Hong Kong.
If you are an Angel / VC who invests in entrepreneurial businesses, you are urged to participate and complete this online survey, which should take about 10 minutes to complete.
We thank you for your participation in the survey and helping develop important data for the industry and policy makers.
Survey on Angel Investors in HK |
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FAQs Section
Members are welcomed to raise questions related to the industry through the FAQs section under Resource Page. The questions will be vetted and answered by Resource committee in batches. |
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| Date: |
12-13 September, 2012 |
| Venue: |
Myanmar International Convention Center, Naypyidaw, Myanmar |
| Organizer: |
Euromoney |
| Registration: |
FREE* on behalf of HKVCA |
Hosted in the unique government capital, Naypyidaw, the Myanmar Global Investment Forum will examine the rapid political and economic changes that have the potential to transform Myanmar. For foreign investors this will be the ideal opportunity to conveniently and efficiently meet with the political, business and banking leadership of this beautiful and historic country (a variety of off-site tours around the conference will also be available). The conference will draw together over 600 local business leaders, government officials and foreign investors.
For more information visit www.euromoneyconferences.com/myanmar
HKVCA members - Apply for your FREE place (promotion code MYNHK)
* Euromoney reserves the right to decide eligibility for attendance. |
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| Date: |
September 25, 2012 |
| Time: |
7:00 – 8:30 pm |
| Venue: |
Hong Kong Institute of CPAs, 27/F., Wu Chung House,
213 Queen’s Road East, Wanchai, Hong Kong |
| Organizer: |
Hong Kong Institute of Certified Public Accountants (HKICPA) |
| CPD hours: |
1.5 hours |
| Registration: |
HK$190 per person for HKVCA member |
A new financial reporting standard, HKFRS 10 Consolidated Financial Statements is effective for financial years beginning on or after 1 January 2013.
HKFRS 10 includes a new definition of control that determines which entities are consolidated. The principle in HKFRS 10 is that power, returns and the ability to use the power to vary the returns should exist in order for one entity to control another. HKFRS 10 includes, for the first time, guidance on how these principles of control and consolidation apply to asset managers and others in a fiduciary position. However, this new guidance involves much judgement to operationalise.
Key to this assessment for asset managers will be determining whether the manager is acting as agent (that is, on behalf of others) or as principal (that is, for itself) when it make decisions concerning the entity. If the asset manager is acting as principal, then the asset manager will need to consolidate the fund, even if the asset manager’s interest in that fund is less than 50%.
This Forum will focus on application of HKFRS 10 for fund managers. Industry experts and accountancy professionals will provide a thorough overview of the new consolidation model and exchange views on the key factors that fund managers will need to consider in assessing whether they are a principal or an agent under HKFRS 10.
Enquiries:
- 2287-7381 (David Lok) for payment and enrolment status
- 2287-7057 (Yvonne Chew) for event information |
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| Date: |
3-5 September, 2012 |
| Venue: |
Blue Sky Tower, Ulaan Baatar |
| Organizer: |
Frontier Securities |
| Registration: |
FREE |
Mongolian Investment Climate after the election: Business as usual?
Benefits of attending the Invest Mongolia 2012:
- Network with hundreds of the leading players on the Mongolian Investing Scene
- Learn about Mongolia's resilience on the global mining marketplace
- Recognize impending changes to the economic and political climate
- Listen to firsthand insights from the leading experts on Mongolian business
- Discover the latest investment prospects
- Visit the mining sites firsthand and understand how they operate
- Raise capital from top international investors
Call Phillip Ross at +976 7011 9999, e-mail conference@frontier.mn or register at http://frontier-conference.com/index.php/register |
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| Date: |
24-27 September, 2012 |
| Venue: |
JW Marriott Hong Kong |
| Organizer: |
ICBI |
| Registration: |
15% Discount For HKVCA Members |
The 7th annual SuperReturn Asia brings together 800 of Asia’s and the world’s most senior private equity attendees, including over 200 powerful LPs.
Hear in-depth coverage from 160 speakers, including 60 LP speakers, of the current issues in Asian private equity and insights on how to maximize opportunities in the coming year. Fundraising GPs will save on travel budgets and can meet a plethora of new local and global LPs during numerous special networking events.
Don’t forget the popular China Summit and LP Relations Summit + New for 2012: US & Asian Veterans Panel & Super Angel Investors in China.
Call ICBI on +44 (0) 20 7017 7200, Email: info@icbi.co.uk
Website: http://www.informaglobalevents.com/hkvca |
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■ August 27
Luncheon Talk on Political and Operational Risks in Myanmar
■ September 7
Members Breakfast (The China Club)
■ September 11
Masterclass on (Re)Structuring PE Interests in Vietnam, Cambodia, Laos & Myanmar
■ October 5
Members Breakfast (Hong Kong Club)
■ 15 January 2013
Gala Dinner
■ 16 January 2013
Asia Private Equity Forum |
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The above is subject to change |
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Represented by
Victoria Li, PR Manager
Represented by
Josine van Wanrooij, Tax Advisor
Loyens & Loeffs Investment Management practice is one the largest to offer a full range of investment management services in Continental Europe. We lead the way in tax and legal advice to private equity funds, their managers, and investors. Our team in Hong Kong closely works together with our Dutch and Luxembourg offices.
Represented by
Tom Cockhill, Group CEO
KCS Limited is Asia’s leading provider of corporate accounting, corporate secretarial, payroll outsourcing, and trust services. Previously KPMG Corporate Services HK, KCS has 14 offices in Asia with primarily an MNC clientele. For the private equity industry, KCS offers a platform of services including back office support and fund administration.
Represented by
Stanley Lamb, CEO
Texon International is regarded as a world class leader in supplying sustainable and eco friendly structural component material solutions and products to the global footwear and accessory industry; from jeans labels to belt stiffeners, ballet shoes and hiking boots to children’s sandals, riding boots and high performance sports footwear. Texon has served the industry since the late 1940’s and developed a strong brand reputation through innovation, technology and dedicated market support.
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July 13, 2012
Kelly Austin of Gibson, Dunn & Crutcher gave an overview on Asia Anti-Corruption covering legal framework and risks for PE firms in Asia while Susannah Lindenfield and Li-Chian See of Blackstone discussed dealing with corruption risk in PE to an audience of 50. The Masterclass was highly rated.
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For more information about HKVCA Beijing Representative Office, Please contact Mr. Kelvin Bian, Tel: 010-88087035.
Partnership with Beijing PEA.
有关香港创业及私募投资协会 北京代表处的详情，请邮件联系边先生或致电010-88087035 , 与北京股权投资基金协会互为合作伙伴。 |
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