September 2018, BMI NEWSLETTER, PUBLISHED BY BM INTELLIGENCE GROUP
ABOUT US   CONTACT US
HOT NEWS
The Opening Ceremony of PLURECIL New Shop on 28 September in Causeway Bay
PLURECIL is a Japanese professional eyelash beauty salon with branches in Japan, Mainland China, Hong Kong and Thailand. Having Japanese-speaking staff and advanced eyelash extension technology from Japan, customers can feel assured to enjoy service here.
Hair removal service is also offered in the new shop at Laforet Centre, Causeway Bay. The latest equipment imported from Japan can bring customers a comfortable hair removal experience.
At present, customers who come to Laforet Shop will receive a gift box of essential oils, which is subject to a first-come-first-served basis while stocks last.
PLURECIL is recruiting franchisees and interested parties can leave contact information at BMI.
 
RECENT EVENTS
BMI Funds Management Limited co-organised Seminar on Director Responsibility and Listing Risk Controlling with Chubb

BMI Funds Management Limited co-organised Seminar on Director Responsibility and Listing Risk Controlling with Chubb on 18 September 2018. We invited experts from various professions to share their views on the risks and responsibilities listed company directors and senior management will face, including Mr. Kevin Yam, Partner of Kennedys, Mr. Douglas Wong, Head of Property & Casualty of Chubb, and Mr. Terence Hong, Director of BMI Corporate Services.The seminar was successfully organized with over 60 persons joining. 



UPCOMING EVENTS
The 21th “Corporate Finance & IPO Course Series"

BMI Professional Training Centre the 21th “Corporate Finance & IPO Course Series". This Course Series is designed for people who are interested in corporate financing and rules on listing, and decision makers for listing the company, finance managers, accountants, legal consultants and senior corporate executives. The purpose of this course series is to enhance the participants’ understanding towards business and rules of listing in Hong Kong.

Attendance certificates will be issued after the course.

Course Name

Date

Time

Connecting Chinese Enterprises with Capital Market in HK  27/11 (Tue) 19:00-21:00
Listing Procedure and Latest Policies  29/11 (Thu)

19:00-21:00

Enterprise Valuation and Related Financial Arrangement  4/12 (Tue) 19:00-21:00
Businesses for Listed Companies and Reorganization  6/12 (Thu) 19:00-21:00
Responsibilities of IPO Sponsors  11/12 (Tue) 19:00-21:00
Case Study on Successfully Listed Companies  13/12 (Thu) 19:00-21:00

Click Here Registration

For further information, please contact Ms. Chan at (852) 3970 9236 or email to:registration@bmiptc.com

 
2-Hour CPD Seminar: Anti-Money Laundering and Terrorist Financing Regulations

Recognized as one of the world's leading financial centers, in recent years, Hong Kong has significantly strengthened its regulatory system against money laundering. Effective regulatory measures play a key role in developing an efficient and secure financial architecture. The Hong Kong Legislative Council reviewed the new 2017 Anti-Money Laundering and Counter-Terrorist (Financing Institutions) (Amendment) in June 2017 and implemented it on March 1, 2018.

The 2-hour course includes anti-money laundering regulations, compliance guidelines, anti-money laundering internal controls and confirmation and reporting of suspicious transactions, using for popular topics such as day-to-day business and commercial operations. Not only for accountants, company secretaries and other professionals, the course is also for the continuous professional development requirements of CIB and PIBA members.

Date: 23 October, 2018

Time: 19:00-21:00

Venue: Room 903-905, 9/F, Shui On Centre, 6-8 Harbour Road, WanChai

Language: Cantonese (with Chinese or English handouts)

Attendance certificate will be issued to whom complete the course.

Fee: HK$300/240 (for members of supporting organizations)

Deadline for application: until reaching the full amount

Registration link:www.bmiptc.com/form/cpd2/index.php

 
 
Intensive 14-Hour CPD Training
Course Code

Course Name

Language

Date

Time

CPD
Hours
Fee
(HKD)
CSP-CPT-03 Compliance Control Guide For Share Option Scheme Cantonese

27/11/2018 (Tuesday)

09:30-12:30 3 450/360*
RM-CPT-08  Anti-Money Laundering Ordinance (AMLO)  English 27/11/2018 (Tuesday) 14:00-16:00 2 300/240*
RM-CPT-10 Knowing Directors and Officers Insurance Cantonese 27/11/2018 (Tuesday) 16:00-18:00 2 300/240*
RM-CPT-07  Updated on Corporate Governance Code and Associated Listing Rules  Cantonese 30/11/2018 (Friday) 09:30-12:30 3 450/360*
RM-CPT-06  Risk Management and Internal Control for Listed Companies in China Cantonese 30/11/2018 (Friday) 14:00-16:00  300/240*
CF-CPT-13 Key Aspects of a Successful IPO  Cantonese  30/11/2018 (Friday) 16:00-18:00  300/240*

The CPD Training Hours of the above courses are applicable to members of the CIB and PIBA. 

*20% off for supporting units members

Registration Link: Click Here

For further information, please contact Ms. Nicole Chan at (852) 3970 9236 or email to:registration@bmiptc.com

 
Ph.D in Economic and Finance in The Wang Yanan Institute for Studies in Economics , Xiamen University

Xiamen University is a state vice-ministerial level key university and was included in the list of “211 Project” and “985 Project” for the state key construction. It is one of the three earliest universities to develop the post-graduated education.

Overview of Xiamen University:

  • Ranked sixth on China top ten scientific research institute (issued by Nature).
  • Ranked top 20th in the 2017Chinese University Alumni Association university ranking list.
  • Finance, statistic and accounting programmes ranked 1st in China.
  • Finance ranked 9th in China on Network of China & education evaluation in China website ( Ranking of 2017).
  • With over 140 research institutes and more than 38,000 on-campus post-graduate students.

Research directions: Financial econometrics and forecasting, Financial Markets and Investment, Financial and Risk Management, Corporate Finance, Cross-strait financial market research, Macroeconomic analysis and forecasting, Labor economics and human resource management, and Industrial organization.

Studies: Finance/corporate finance/ investment/ financial econometrics/ e-finance.

Admission requirement: Hong Kong, Macao and Taiwan residents/ foreign residents with master’s degree or enroll in Xiamen University Master of Software Engineering Programme.

Tuition fee: RMB 150,000 (pay in three installments).

Degrees receive: PhD degree certificate and graduation certificate issued by Xiamen University

Duration: Four to seven years

The Advantages of Xiamen University – WISE Ph.D in Economics and Finance (designed for working professionals)

School of Economics ranked 2nd in the 2010 Chinese Postgraduates Education Evaluation Report.

  • Complete the entire PhD programme in three to four years.
  • PhD programme is interconnected with the Master of Software Engineering Programme, it will require less time to complete both programmes.
  • Weekend classes, created a convenience environment for working professionals.
  • Able to join Xiamen University Hong Kong Alumni Association after graduate to expand the career platform.

For further information, please visit our website: http://www.bmiptc.com or contact Ms. Chan at (852) 3970 9236 / registration@bmiptc.com.

LATEST SUCCESSFUL PROJECTS
Recently Successful IPO and Public Circular Cases of BMI Appraisals Limited:
Valuation Projects
Company Name: The 13 Holdings Limited
Stock code: 577
Circular issue date: 28 March 2018
Project nature: Business Valuation

 

Company Name: Gemini Investments (Holdings) Limited

Stock code: 174

Circular issue date: 29 March 2018

Project nature: Property Valuation 

 

Company Name: Wuxi Sunlit Science and Technology Company Limited

Stock code: 1289

Circular issue date: 20 June 2018

Project nature: Property Valuation 

 

Company Name: Hopefluent Group Holdings Limited

Stock code: 733

Circular issue date: 22 June 2018

Project nature: Business Valuation 

 

Company Name: Techcomp (Holdings) Limited

Stock code: 1298 (Hong Kong Stock Code) / T43 (Singapore Stock Code)

Circular issue date: 29 June 2018

Project nature: Property Valuation

 

Company Name: Renhe Commercial Holdings Company Limited

Stock code: 1387

Circular issue date: 29 June 2018

Project nature: Business and Property Valuation

 

PROJECTS RECOMMENDATION
Important Notice - New Requirements on the Keeping of Significant Controllers Register

The Companies (Amendment) Ordinance 2018 (“the Amendment Ordinance”) has been published in the Gazette on February 2, 2018 and will come into effect on March 1, 2018.

The Companies Ordinance (Cap. 622) is amended to require a company incorporated in Hong Kong to obtain and maintain up-to-date beneficial ownership information by way of keeping a Significant Controllers Register (“SCR”). The Register should be open for inspection by law enforcement officers upon demand.

Major Obligations of a Company

To comply with the new requirements relating to SCR, a company has in broad terms the following obligations –

  • keeping a SCR at the company’s registered office or a prescribed place
  • taking reasonable steps to identify the company’s significant controllers,
  • giving of notices and obtaining the required particulars of significant controllers
  • entering the required particulars of its significant controllers in the SCR
  • keeping the required particulars in the SCR up-to-date
  • designate at least one person as its representative to provide assistance relating to the company’s SCR to a law enforcement office
  • making the SCR available for inspection and taking of copies by a law enforcement officer

Failure to comply with the above obligations is a criminal offence. The company and every responsible person of the company are liable to a fine at level 4 (i.e. $25,000). Where applicable, there is a further daily fine of $700.

Contents of Register

The SCR of a company must contain –

  • The required particulars of every significant controller of the company
  • The particulars of any registrable change with respect to each significant controller of the company
  • The name and contact details of a designated representative
  • All additional matters required under the new Schedule 5C of the CO. These include, for example, where a company does not have any significant controller, the company must note in the SCR that “the company knows, or has reasonable cause to believe, that it has no significant controller”.

Registrable Person

A registrable person is a natural person or a specified entity that has significant control over the company. A person has significant control over a company if one or more of the following 5 conditions are met:

  • The person holds, directly or indirectly, more than 25% of the issued shares in the company or, if the company does not have a share capital, the person holds, directly or indirectly, a right to share in more than 25% of the capital or profits of the company
  • The person holds, directly or indirectly, more than 25% of the voting rights of the company
  • The person holds, directly or indirectly, the right to appoint or remove a majority of the board of directors of the company
  • The person has the right to exercise, or actually exercises, significant influence or control over the company
  • The person has the right to exercise, or actually exercises, significant influence or control over the activities of a trust or a firm that is not a legal person, but whose trustees or members satisfy any of the first four conditions (in their capacity as such) in relation to the company

Designated Representative

A company must designate at least one person as its representative to provide assistance relating to the company’s SCR to a law enforcement officer. A company’s designated representative must be one of the following:

  • A member, director or an employee of the company who is a natural person resident in Hong Kong.
  • An accounting professional, a legal professional or a Trust or Company Service Providers licensee as defined in the Anti-Money Laundering and Counter-Terrorist Financing Ordinance.

Giving Notices

  • If a company knows or has reasonable cause to believe that a person is a significant controller of the company, the company must give notice to the person within 7 days of such knowledge or belief, whichever happens first.
  • If a company knows or has reasonable cause to believe that a particular person knows the identity of another person who is a significant controller of the company, the company must give notice to that particular person within 7 days of such knowledge or belief, whichever happens first.

A company is not required to give the notices if –

  • for a registrable person – the company has already been informed of the person’s status as being its significant controller and all the required particulars have been provided to the company by the person or with the person’s knowledge
  • for a registrable legal entity – the company has already been informed of the entity’s status as being its significant controller and all the required particulars have been provided to the company

Obligations of Notice Addressees

A person who has received a notice relating to the SCR issued by a company must comply with the requirements stated in the notice within one month from the date of the notice.

Offences for False Statement

  • If any person knowingly or recklessly makes a statement which is misleading, false or deceptive in any material particular in the SCR; or
  • if any person knowingly or recklessly makes a statement or provides any information that is misleading, false or deceptive in a material particular in the reply to a company’s notice,
the person commits an offence and is liable –
- on conviction on indictment to a fine of $300,000 and imprisonment for two years; or
- on summary conviction, to a fine at level 6 (i.e. $100,000) and imprisonment for six months

Our company could provide assistance on the following services:

Item Services
1) Prepare Director’s resolution stating the location of Significant Controllers Register and the appointment of a Designated Representative
2) Inspect the respective documents of Member(s) and Significant Controller(s) provided by your company, and prepare Notice(s) to related parties
3) Prepare and make Significant Controllers Register
4) Arrange an Accounting Professional or a person licensed to carry on a business as Trust or Company Service Provider to act as Designated Representative

 

 

 

 

 

 

 

Should you have any question, please feel free to contact Ms. Lam at (852) 2593 9662 or jalam@bmintelligence.com.

 
Hong Kong real-estate project and house for lease

Infiniti Pacific Properties Limited  is an international real-estate service provider. We provide a full range of real estate services, spanning from corporate occupier services to strategic consultancy, project appraisal, valuation, feasibility studies and market research, property management, facilities and asset management and transactional services. Following are some of our promoting projects.

Duplex - The Royal Court (Mid-Level) The Oakhill - Wan Chai

High Floor, Duplex, The Royal Court, 3 Kennedy Road, ML

  • SA: 2,217 sqft
  • GA: 2,800 sqft
  • 3 large beds (1 ensuite), walk-in closet, 2 baths, large kitchen, large balcony with beautiful central city & harbor view
  • For sale: $83.8M w/lease

High Floor A & B (two units on one floor), The Oakhill, No. 28 Wood Road, Wan Chai

Each unit size: SA: 1,185sqft, GA: 1,551 sqft

  • 3 beds (1 ensuite), 2 baths, maid’s room (w/ bath)
  • 2 balconies with race course view & city harbor view
  • Prime Prime location in Wan Chai close to MTR
  • Good for investment, Best school district
  • 50 A&B Both $70M w/Lease (sale by company)
  • Each unit for $35M w/Lease
  • Car park space $2.2M each
Po Yue Yuk Building - Mid-Level The Oakhill - Wan Chai

Mid Floor, Po Yue Yuk Building, 61 Robinson Road, ML

  • SA: 1,114 sqft
  • GA: 1,463 sqft
  • Two Bedrooms (1 large ensuite), study area, 2½ baths, Maid room
  • Balcony with open view
  • One unit per flat; private lift to your own unit
  • For sale HK$20.8M
  • For lease HK$55K

Special Unit, The Oakhill, No.28 Wood Road, Wanchai

  • SA: 644 sqft 
  • GA: 877 sqft
  • 2 beds (1 ensuite), 2 baths, maid’s room
  • Private, huge with split level terrace SA: 1,347 sqft with open view (Happy Valley & Wanchai view)
  • Prime and convenience location, close to MTR
  • For sale w/lease: $ 18.8M
Clear Water Bay - Beautiful House by Beach Pak Fai Mansion - Macdonnell Road, Mid-Level

42 Sheung Sze Wan, Lot No.655 in DD230 Clear Water Bay

  • Saleable area 2,100 sqft
  • 3-storey village house with large front terrace facing seaview
  • Nearby beachside, full seaview
  • 4 beds (1 ensuite) with car parking space
  • For Sale: $29.9M w/lease

Unique JOINT Units

Pak Fai Mansion, Unit C & D, No. 72 Macdonnell Road, Mid-Level

  • Size: SA: 2,579 sqft, Unit C & D
  • 3 beds (1 large master ensuite), 1 study room, 3.5 baths
  • 1 large family room with open fully equipped open kitchen
  • 1 large living & dining area
  • Balcony with open city view with greenery
  • For sale: HK$ 49.8M
Jade Garden - Robinson Road (MLW) Cavendish Heights - Perkins Road, MLE

Mid Floor, Jade Garden, 105 Robinson Road, MLW

  • SA: 1,304 sqft
  • GA: 1,628 sqft
  • 3 beds (1 ensuite)
  • Large balcony w/greenery view
  • Modern kitchen with fully fitted kitchen appliance
  • Convenience location to Central, SoHo Area
  • For sale: $28.8M w/ 1car park space

High Floor, Cavendish Heights, 33 Perkins Road, MLE

  • Size: N 1,510’ / G 1,819’
  • 3 beds (1 ensuite), 2 baths, large modern kitchen, maid room
  • Large balcony with beautiful greenery / seaview
  • Newly renovated with fully equipped kitchen & upgraded baths
  • 1 car park space
  • For lease: HK$69K
North Point Industrial Building - North Point
  • Gross: 8,750’ Second floor
  • Close to MTR, prime location
  • Suitable for designer’s show flat, printing / publishing, IT software companies, office / warehouse
  • For lease: HK$18 per sqft

 

For details, please contact Ms. Monita Luk at (852) 9333 3124 / (852) 6982 3998 / mluk@infinitip.com
 
Tailor-made corporate training – Directors' Training

BMI Professional Training Centre Limited strives to provide professional, high quality and reliable training courses. Apart from regular courses with fixed schedule and content, we also tailor-made corporate training courses that fulfill unique demands of corporate clients.

Our popular tailor-made directors' training courses covers a comprehensive range of topics related to listing rules, including director responsibility, code on corporate governance, responsibilities of the Board of listed companies and overview of Hong Kong Listing Rules etc. Our courses are recognized by HKEX.

Interested parties or organizations may visit our website: http://www.bmiptc.com

Or contact Ms. Chan at (852) 3970 9230 / schan@bmintelligence.com


 
Economic Conference Room Rental Package

BMI Professional Training Centre is pleased to offer the rental of conference room at a convenience location in Wan Chai. it is suitable for organizing events, such as seminars workshops, training, press conferences.

CONTACT US
Department Contact Telephone Email
BMI Consultants Limited Mr. Lowell Lo (852) 2593 9688 llo@bmintelligence.com
BMI Appraisals Limited Ms. Joannau Chan (852) 2593 9634 jwfchan@bmintelligence.com
BMI Technical Consulting (Resources) Limited Mr. Derek Chan (852) 2159 5058 dchan@bmintelligence.com
BMI Technical Consulting (Biological Assets) Limited Mr. Marco Sze (852) 2593 9630 msze@bmintelligence.com
BMI Environmental Consultancy Limited Dr. Tony Cheng (852) 2593 9633 tcheng@bmintelligence.com
BMI Funds Management Limited Ms. Joanne Wong (852) 3582 2778 jwong@bmintelligence.com
BMI Securities Limited Ms. Maggie Tang (852) 3575 1388 mtang@bmintelligence.com
BMI Investment Migration Services Limited Mr. William Mak (852) 6303 1010 wmak@bmintelligence.com
BMI Corporate Services Limited Ms. Janice Lam (852) 2593 9662 jalam@bmintelligence.com
BMI Technology IP Services Limited Mr. Benny Yiu (852) 3970 9243 benny.yiu@bmintelligence.com
BMI Professional Translation Services Limited Mr. Willis Ho (852) 2593 9616 who@bmintelligence.com
BMI Business Centre Services Limited Mr. Manuel Chan (852) 2593 9627 mchan@bmintelligence.com
BMI Innovation Limited Ms. Sarah Chan (852) 3970 9230 schan@bmintelligence.com
BMI Professional Training Centre Limited Ms. Sarah Chan (852) 3970 9230 schan@bmintelligence.com
BMI Listed Corporate Services Limited Mr. Lowell Lo (852) 9039 9345 llo@bmintelligence.com
Norcola Company Limited Ms. Eva Lam (852) 2159 5003 eva.lam@norcola.com.hk
Infiniti Pacific Properties Limited Ms. Judy Chai (852) 3970 9288 jchai@infinitip.com
BMI Advisory Pte Ltd. Mr. Kam You Kin (65) 6535 9595 yk@bmintelligence.com
BMI Consultants (Shenzhen) Limited Ms. Julia Wang (86) 755 8256 9699 juliawang@bmintelligence.com
Shenzhen BMI Financial and Tax Consultants Limited Ms.Shirly Ge (86) 755 82569639 shirlyge@bmintelligence.com
BMI Corporate Advisory (Shanghai) Limited Ms. Linda Wang (86) 21 6346 1200 lindawang@bmintelligence.com
BMI Corporate Advisory (Xiamen) Limited Mr. Ken Shen (86) 59 2519 0921 kenshen@bmintelligence.com
BMI Corporate Management Consultants (Jiangxi) Limited Ms. Pi Yan Juan (86) 133 3011 2270 pyj1234567@163.com
BMI Corporate Advisory (Beijing) Limited Ms. Pi Yan Juan (86) 010 5870 6784 pyj1234567@163.com
BMI Corporate Advisory (Zhejiang) Limited Ms. Wan Chen (86)139 0575 5796 wchen@bmintelligence.com
BMI Consultants (Wenzhou) Limited Ms. Jiang Hai Zhen (86) 577 8550 9867 haizhen-2007@163.com
Shenzhen BMI Secretarial Services Limited Ms. Kallie Chan (86) 755 8256 9667 kalliechen@bmintelligence.com
BMI Consultants (Wuhan) Limited Mr. Zhang Guo Chang (86) 27 8752 8360 wuhan@bmintelligecne.com
Jiangxi Enterprise Service Co., Ltd (BM ZHUOYOU) Mr. Yang Yu Le (86) 791 8206 1393 jxqfwy@163.com
BMI Guangdong Investment Management Limited Mr. Deng Xiao Xing (86) 139 2361 7888 13923617888@163.com
Guangdong BMHL Investment Company Ms. Hong Cai (86) 0768 2289188 2376359705@qq.com

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BM Intelligence Group
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Tel:  (852) 2802 2191
Fax: (852) 2802 0331
E-mail:    info@bmintelligence.com
Website: www.bmintelligence.com

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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.
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