HKSI Paper 11 case studies
HKSI Paper 11 · Put your knowledge to work in context.
HKSI Paper 11 - Corporate Finance is one of the licensing examination papers set by the Hong Kong Securities and Investment Institute (HKSI) for individuals carrying out regulated activities tied to corporate finance advisory work in Hong Kong. It is most relevant to practitioners who advise listed issuers and their controlling shareholders: sponsor and ECM staff at investment banks, corporate finance lawyers and in-house counsel, compliance officers covering advisory desks, and accountants moving into transaction advisory. The HKSI Paper 11 case studies are 5 cases and about 2,488 words.
1Cold-chain acquisition from the chairman's family
Pacific Rim Logistics Holdings, a Main Board issuer with market capitalisation HK 2.4 billion, total assets HK 3.1 billion, revenue HK 1.8 billion and net profit HK 210 million, proposes to acquire 60% of a Shenzhen cold-chain operator from Crown East Ltd for HK 360 million cash. Crown East is owned 50% by the chairman's spouse and 50% by her brother.
531 words, about 3 min2Crossing 30% after a founder block purchase
Mr Chan holds 29.8% of Harbour View Hotels, a Main Board listed issuer. On 10 June he agrees to buy 2.6% from a retiring founder at HK 8.20 per share.
468 words, about 2 min3Biotech applicant with a one-off gain and a 20% float
GreenField Biotech applies for a Main Board listing. Its latest-year profit attributable to shareholders is HK 38 million and the aggregate for the two preceding years is HK 50 million.
532 words, about 3 min4Rights issue underwritten by the 45% controlling shareholder
Skyline Properties has 600 million shares at HK 5.00, a market capitalisation of HK 3 billion. It needs HK 600 million to repay a maturing bond.
491 words, about 2 min5Privatisation scheme with a 9% activist against
Asia Digital holds 68% of Dynamic Telecom, a Main Board issuer with 1 billion shares. It proposes to privatise Dynamic by a scheme of arrangement at HK 6.50 per share, a 28% premium to the last close of HK 5.08.
466 words, about 2 min