bminewsjan2009

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Our Group offers you effective solutions for work efficiency improvement and cost reduction During the financial tsunami, all companies, especially the listed ones, realize the importance of stringent cost control. BMI Group’s one-stop service for listed companies could improve your work efficiency as well as reducing the costs.

BMI Appraisals – Move Forward to the Global Market

BMI Appraisals has successfully brought its business to a new era by establishing strategic alliance with a globally recognized valuation consulting firm in the United States of America, named MR Valuation Consulting, LLC (“MRVC”) in December 2008, to expand our services to the US market after our alliance with a Taiwanese valuation firm in early November 2008. The new alliance has further enhanced our status in earning a marketplace reputation for providing responsive and high quality valuation services.

MRVC is a well-recognized valuation consulting firm with its headquarters in New Jersey and branch offices in New York, Los Angeles, Miami, Santiago and Panama respectively. It provides appraisals, valuation-consulting and litigation support services to clients worldwide. MRVC specializes in the aspects of business valuations, resources valuations, plant and machinery valuations and pharmaceutical valuations.

With this alliance, BMI Appraisals is more competent in providing competitive valuation services to global clients and fulfilling the requirements of stock exchanges in the US, such as NYEX, NASDAQ, OTCBB and Canadian Stock Exchange.

Our Areas of Expertise in the US Market:

‧ Purchase Price Allocations (SFAS 141 and SFAS 141 (R))

‧ Goodwill Impairment Testing (SFAS 142)

‧ Indefinite lived Intangible Asset Impairment (SFAS 142)

‧ Finite lived Intangible Asset Impairment (SFAS 144)

‧ Stock Options (SFAS 123 (R))

‧ Financial Instruments with Characteristics of Both Liabilities and Equity (SFAS 150)

‧ Fair Value Measurements (SFAS 157)

For more details of our valuation services, please contact our Dr. Tony Cheng at (852) 2593 9633 or email to tcheng@bmintelligence.com.


The Subsidiary of the Group, BMI Appraisals,Marked a New Milestone of Valuation Business in China, Hong Kong and Taiwan On Friday, 31 October 2008, BMI Appraisals Limited (“BMIA”) duly signed a cooperative agreement with Taiwan Pan American Appraisal Co. Ltd. (“Pan American Appraisal”) to establish a strategic alliance relationship. The cooperation mainly aims to achieve a better sharing in various areas such as marketing, valuation research and resource support, establish a diversified cooperation and communication, and enhance the quality of valuation business in China, Hong Kong and Taiwan. It can also promote the development of valuation business in those regions as well as in Southeast Asia, and seek for potential opportunities for a closer cooperation in the future. On the day of signing the contract, Dr. Cheng Chak Ho, the Managing Director of our Company, together with two management staff had a meeting in person with Mr. Tieh-Chen Wang, Chairman of Pan American Appraisal in Taiwan. The signing ceremony was completed smoothly by both parties in a friendly atmosphere at the Grand Hotel in Taipei, officially marking the commencement of a closer cooperation amongst China, Hong Kong and Taiwan.

CORPORATE EVENTS

Devoting to the Society, BMIA Takes Care of the Elderly in Christmas

In the spirit of “Caring for the Community, Spreading the Message of Love”, BMI Appraisals Limited (“BMIA”) promotes social services enthusiastically. On 13 December 2008, a number of staff of the company made a goodwill visit to the ELCHK Shatin Multi-Service Centre for the Elderly and brought joy of Christmas to all the elderly.

During the event, we celebrated the Christmas with more than forty elderly. Through various group games, we all had a good time and shared the joy of this festive season. The elderly even offered themselves for performances such as aerobic dance, Cantonese operas singing and poems reciting, impressing all the audience and receiving great response of clapping and cheering.

Most of the elderly involved were over the age of sixty, while some of them were suffering from illnesses, disability and lack of care. Despite their old age, their spirits never grow old, their love and passion towards life has made the younger generation even more touched and admired. We are hoping to bring warmth to the minority of the society and convey messages of taking good care of elderly through this visit. In the future, BMIA will continue to promote social activities, and elaborate the spirit of helping others.

The 24th Senior Executive China Study Mission organized by Peking University was successful held

On 23 November, the 24th Study Mission has been successfully held in Beijing. The subjects of the Study Mission were all about the latest and the business sector's most concerned issues, including: the latest tax system, political and economic relations as well as the central government's policies. The fifteen classmates came from various fields of work. This enabled a solid exchange of ideas amongst different industries. In the evening of 22 November, the alumni group organized the tenth anniversary celebration and many of the fellow classmates traveled from Hong Kong to Beijing simply for that night. Those professors having taught the course have also been invited to attend the gathering, which made the tenth anniversary celebration even more meaningful and memorable.

LATEST SUCCESSFUL PROJECTS

BMI Appraisals Limited has recently has the following successful cases:
	Company Name:Shun Cheong Holdings Limited Stock code: 0650 Circular issue date: 19/12/2008 Project Nature: Property Valuation
	Company Name:T S Telecom Technologies Limited Stock code: 8003 Circular issue date: 08/12/2008 Project Nature: Iron Mine Valuation
	Company Name:Bestway International Holdings Limited Stock code: 0718 Circular issue date: 29/11/2008 Project Nature: Mine Valuation
	Company Name:Far East Golden Resources Group Limited Stock code: 1188 Circular issue date: 27/11/2008 Project Nature: Property Valuation
	Company Name:Sino Union Petroleum & Chemical International Limited Stock code: 0346 Circular issue date: 07/11/2008 Project Nature: Business Valuation
	Company Name:New Smart Energy Group Limited Stock code: 0091 Circular issue date: 31/10/2008 Project Nature: Asset Valuation
	Company Name:Jian ePayment Systems Limited Stock code: 8165 Circular issue date: 30/10/2008 Project Nature: Business Valuation
	Company Name:Neolink Cyber Technology (Holding) Limited Stock code: 8116 Circular issue date: 24/10/2008 Project Nature: Mine Valuation
	Company Name:Neptune Group Limited Stock code: 0070 Circular issue date: 26/09/2008 Project Nature: Asset Valuation
	Company Name:CY Foundation Group Limited Stock code: 1182 Circular issue date:19/09/2008 Project Nature: Property Valuation
	Company Name:New Universe International Group Limited Stock code: 8068 Circular issue date: 04/09/2008 Project Nature: Property Valuation
	Company Name:UDL Holdings Limited Stock code: 0620 Circular issue date: 04/09/2008 Project Nature: Property Valuation

Department	Contact	Telephone	Email
BMI Consultants Limited	Mr. Lowell Lo	(852) 2593 9688	llo@bmintelligence.com
BMI Innovation Limited	Ms. Sarah Chan	(852) 2593 9675	schan@bmintelligence.com
BMI Appraisals Limited	Ms. Joannau Chan	(852) 2593 9634	jwfchan@bmintelligence.com
BMI Corporate Services Limited	Ms. Carol Cheung	(852) 2593 9661	ccheung@bmintelligence.com
BMI Professional Translation Services Limited	Mr. Willis Ho	(852) 2593 9616	who@bmintelligence.com
BMI Funds Management Limited	Mr. Ricky Ngan	(852) 3582 2788	rngan@bmintelligence.com
BMI Surveyors Limited	Mr. Steve Luk	(852) 2593 9639	sluk@bmintelligence.com
BMI Corporate Advisory (Shanghai) Limited	Ms. Linda Wang	(86) 21 6346 1207	shanghai@bmintelligence.com
BMI Consultants (Shenzhen) Limited	Ms. Julia Wang	(86) 755 3322 8900	shenzhen@bmintelligence.com

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BM Intelligence Group

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Disclaimers:

This document is for the information of the clients of BM Intelligence Group only and is not for the publication in the Press or otherwise.
The contents of this document shall not constitute any representation by BM Intelligence Group or its associated companies. Any expressions of opinion therein shall not be regarded to be advices from BM Intelligence Group or its associated companies and shall not be relied upon by companies and shall not be relied upon by recipients of this document without seeking their own professional advices.
To the best knowledge of BM Intelligence Group, the information contained in this document is accurate at the time of printing.