About The Chamber of Hong Kong Listed Companies (CHKLC)
Incorporated in September 2002, CHKLC is a non-profit organization serving listed companies and other industry bodies in Hong Kong. The Chamber strives to promote sound corporate governance; function as an effective communication channel between listed companies and regulatory authorities; strengthen the commercial linkage and foster cooperation among listed companies from Hong Kong and China and uphold Hong Kong’s position as an international trade, commercial and financial centre.  Since 2007, the Chamber organises the annual “Hong Kong Corporate Governance Excellence Awards” jointly with the Hong Kong Baptist University to advocate best practices of corporate governance and recognize excellence, and from 2008 organises the annual “Listed Companies Conference” to provide a forum of discussion of stock market issues.

About Hong Kong Venture Capital And Private Equity Association (HKVCA)

Hong Kong stands as Asia's largest venture capital/private equity hub in Asia. As at 2007, private equity funds under management in Asia grew to over US$190 billion.
Since 1980s, the number of venture capital funds setting up operations in HK had grown significantly due uncomplicated tax structures, financial infrastructure and efficient communications. There are about 300 firms with more than 650 professionals based in Hong Kong that invests across Asia including China, India, Korea, Japan, Taiwan, Australia, Singapore, Malaysia, Vietnam, Thailand and other South East Asian countries.
HKVCA was established in 1987 to serve the interests of the private equity industry in promoting the asset class, providing a platform for networking and cooperation on regional and international front, and improving the investment environment by raising the professional standards of the market. In Asia it assumes an important role in developing a distinct identity for Asian Venture Capital.

AFF 2009
(Host for "DealSource" session: HKVCA)
Date:19 - 20 January 2009

Hong Kong Convention and Exhibition Centre

• The Government of the Hong Kong Special Administrative Region
• Hong Kong Trade Development Council

Host for "DealSource" session:
• Association for Corporate Growth (ACG)
• Hong Kong Venture Capital and Private Equity Association (HKVCA)

No admission fee for the "DealSource" Session

The Asian Financial Forum (AFF) brings together the most influential members of the global financial community and business leaders to discuss the latest trends and developments in Asian's financial sector.  In 2009, AFF features distinguished speakers such as Dominique Strauss-Kahn, Managing Director of the IMF, and James Rogers, Co-founder of Quantum Fund.

We are excited to invite all HKVCA members to participate in the "DealSource" session during the Asian Financial Forum 2009 (AFF). The "DealSource" session is a structured networking event aimed at matching opportunities with potential investors. Structured networking events have historically led to increased investment transactions and long term business relationships.

HKVCA is pleased to hold this session jointly with the Association for Corporate Growth (www.acg.org). ACG is the premier global association for professionals involved in corporate growth, corporate development, and M&A. Today ACG stands at over 12,000 members from corporations, private equity, finance, and professional service firms representing Fortune 500, Fortune1000, FTSE 100, and mid-market companies in 53 chapters in North America and Europe.

The "DealSource" session is a series of speed-dating-type meetings between HKVCA members and ACG members.  Representatives rotate after every 20-minute short meetings. The entire session last about three hours.

"DealSource" Session
20 January 2009
2:00pm - 5:00pm
Hong Kong Convention and Exhibition Centre

No admission fee for the "DealSource" Session.

For joining the full AFF programme, HKVCA members can enjoy 30% discount on registration. Details about the Asian Financial Forum could be found at this website:www.asianfinancialforum.com

We look forward to your response as soon as possible.

For more details or register, please contact Lilia Chin at Tel: (852) 2845 6100 or Email: lchin@hkvca.com.hk before 12 December 2008.



List of instructors
K O Chia, President, HKVCA
Vincent Chan, CEO & Co-Founder, Spring Capital Asia, Ltd
Albert Sheu, Associate, Morrison & Foerster
Craig Murphy, Managing Director, Amicorp Hong Kong Ltd
Conrad Tsang, Managing Director, Baring Private Equity Asia (Hong Kong) Ltd
Michael Scown, Managing Director, Intel Capital
Simon Mak, Managing Director, Ascent Partners Group
Joseph W. Ferrigno III, Managing Partner, Asia Mezzanine Capital Group
Victor Huang, Partner, PricewaterhouseCoopers
Stephen Wozencroft, Partner, Dewey & LeBoeuf
John Lange, Partner, Paul, Weiss, Rifkind, Wharton & Garrison
John Levack, Managing Director, Electra Partners Asia
Jane Hui, Partner, Ernst & Young
Johannes Schoeter, Managing Partner, Victoria Capital
Jamie Allen, Secretary General, Asian Corporate Governance Association

HKVCA retains the right to make changes as we deem necessary.
Seats are limited and registration is on first-come-first-serve basis. Please register early to secure your place.


HKVCA Membership Renewal 2009

Working on your behalf......

Since 1987, HKVCA has worked on behalf of all venture capital and private equity firms in the Greater China region to promote private equity as high value-add partners to businesses and for its recognition as a strong driver for growth in enterprises and economies.

HKVCA's mission is to stimulate a vibrant venture capital and private equity industry in Asia while promoting the role of member firms in value creation, innovation and economic development. HKVCA provides a forum for networking and experience sharing for its members; promotes industry professional ethics, international best practices and standards; and represents the views of its members before governmental and other relevant bodies.

Your participation and support is of utmost importance in help ing the Association fulfill its role. We urge your active involvement and contribution to the community.

For members renewing your membership for the year 2009 before end of February 2009, we offer a special credit of HK$2,000 which is redeemable at our events throughout the year. This special is applicable when we have received your renewal fees. Renew early and start taking advantage of the savings!

If you wish to help us in any way, please contact Patricia Chiu at patchiu@hkvca.com.hk
Invoices have been sent for renewal. We very much hope you would continue to support our work and we look forward to your continued membership in the Association.

If there is a change of the representative/s of your firm, kindly update your firm's record by completing the attached form.

Membership Record Updates Form

• Full Member Update Form
• Associate Member Update Form

China Venture Capital & Private Equity Annual Forum 2008
Date: December 9 - 10, 2008
Venue: Sofitel Wanda Beijing, China
Organizer: Zero2IPO

The leading global investors, successful entrepreneurs, industrial experts, high-level government leaders and prominent scholars will present to share the leading-edge strategies and perspectives in the conference. It will hold five special sessions on investment strategy, analyzing and predicting from different angles the investment strategies in an unstable economic environment. In additional to creating an exclusive communication and high level networking platform for the attendees, the forum will broaden your vision on business strategy.

HKVCA members can enjoy 15% discount on registration.
For register, please contact Ms. Ali Liu at Email: cvcf2008jp@zero2ipo.com.cn or
Tel: at 8610 8458.0476 ext 8058.

For more details, please visit here.

China Enterprises Investment Cooperation Seminar
(Co-Organizer: HKVCA)
Date: 11 December 2008
Time: 2:30 - 5:00 pm
Venue: Seminar Room C, Hall 1, Hong Kong Convention and Exhibition Centre
Organizer: Hong Kong Trade Development Council and Fujian Economic and Trade Council
Fee: Free of charge

Quality private enterprises outline their growth potential at the Seminar, organised with the support of China’s Fujian Province and other provinces. Company representatives from southern China’s Pearl River Delta will be available to discuss potential investment opportunities and business partnerships.

Download Program

HKVCA representatives will speak at the Seminar. All HKVCA members are welcome to join. This seminar is free but pre-registration is required. For register, please contact Sam Wong at Email: swong@hkvca.com.hk or Tel: (852) 2845 6100.

Logital Co. Ltd.
Nature of Business:
High tech company making assistive equipment attached to hearing aids.
Funds Required:
USD 7 million 1st Round; USD 7 million 2nd Round (Negotiable)
Project Details:
Logital has made its flagship product, EasyHear, a booster attached to hearing aids, ready for sale globally since September 2008. Worldwide deaf population is now about 10% of total, or 600 million, counting the elderly people. To better exploit such huge market potential, Logital is seeking a total of USD 14 million to construct new production capacities, to establish marketing & distribution channels for such highly specialized product, and to conduct further R&D of integrating EasyHear with hearing aids. EasyHear is a winner of the prestigious Best Digital Inclusion Award 2007.
Logital operates in a highly specialized niche where subsidies are high from the governments to finance equipment purchase by the hearing impaired people. Hence there is no cutthroat competition within the industry.
Budgeted IRR is 120% p.a. over 5 years from 2009 while the ROIC (return on invested capital) of the same 5-year period is 880%. Sales volume are only required in the range of 18,000 units in 2011 to 54,000 units in 2013 (compared with world deaf population of 600 million) to achieve the target of returns.
Contact Details:

Mr. CHEUNG Yat Yiu Danny, CEO
Tel: (852) 3102 1898
Email: dannycheung@logitaltech.com
Website: www.logitaltech.com

Tanrich Capital Ltd
Mr. Kwok Kam Hoi
Mr. Kwan Hoi Wang

Tanrich Financial Group, established in 1990, offers a wide range of financial services. As a wholly-owned subsidiary of Tanrich Financial Group, Tanrich Capital provides a comprehensive and wide range of services, including new listings, mergers and acquisitions, restructuring, private equity investment, placing and underwriting and financial adviser and compliance adviser for listed companies.

Fried, Frank, Harris, Shiver & Jacobson LLP
Mr. Andrew Colosimo
Ms. Christine Chan

Fried Frank has more than 650 attorneys available across principal financial centers in the US, Europe and Asia. Its asset management practice provides a full range of legal services to a diverse group of clients, including US and international asset management and private equity firms, broker-dealers, hedge funds and their managers (exempt or registered), family offices, high-net-worth individuals and institutional investors.

SPARC Forum, 11 November 2008

K.O. Chia, Co-President of HKVCA shared his insights about issues on fundraising, managing businesses under the current adverse economic conditions at the SPARC Forum at the Hong Kong Science and Technology Parks on Nov 11. The event was well attended by industry representatives from Hong Kong, China, Japan and Germany. Mr. Chia was also joined by other distinguished business leaders in a discussion forum. Together they gave excellent advice to budding entrepreneurs and executives in the audience.

Cyberport Venture Capital Forum (Co-organizer: HKVCA),
18-19 November 2008

Representatives from HKVCA, headed by Co-President K. O. Chia, attended the Cyberport Venture Capital Forum 2008. The Forum explored the latest thoughts about how to monetize innovative ideas, how to manage and compete in the knowledge-based, creative industry and how to maximize a company’s intellectual assets. Several investors also shared their experiences in picking the right investment in China and how they spend time helping portfolio companies to grow. The delegation attended the forum and post event dinner on Nov 18 and the Executive Luncheon on Nov 19.

CIFC China Venture Capital Conference in Suzhou,
20-21 November 2008

Representing HKVCA, S. C. Mak, Member of PRC Committee, attended the conference and signed a cooperative agreement with Mr. Lu Yuebing, Vice Chairman of China Council for International Investment Promotion Investment & Financing Committee (CIFC). CIFC is a national non-profit organization. Founded by the State Council, CIFC reports to the Ministry of Commerce.

The 12th Beijing - Hong Kong Economic Cooperation Symposium,
26-27 November 2008

Representatives from HKVCA, headed by S C Mak, Member of PRC Committee, attended the 12th Beijing - Hong Kong Economic Cooperation Symposium. Several investment projects ranging from IT services, healthcare and green/bio-technology industry were introduced to Hong Kong investors on Nov 26. Members of HKVCA also served as panel judges giving their advice on the projects presented. Representing HKVCA, our Chairman Johnny Chan signed a memorandum of understanding with Prof. Gui-Ru Chen of the Venture Capital Association of Beijing, confirming our mutual commitment to advance the interests of the industry in China and Hong Kong

New Member Breakfast,
1 December 2008

New members were introduced to the Executive Committee and invited to voice how they feel the Association can help them.

New members met:

• Beijing Miyun County Investment Bureau
• Fried, Frank, Harris, Shriver & Jacobson LLP
• Horizons Ventures ltd
• Horwath Corporate Advisory Services Ltd
• Lockton Companies (Hong Kong) Ltd
• Mercer (HK) Ltd
• Mourant Fund Services (HK) Ltd
• Palomar Private Equity Ltd
• Quadrangle Group Asia Ltd
• Zero2IPO Capital Ltd

Next New Member Breakfast is scheduled on 2 March 2009 and 8 June 2009.

Hong Kong Venture Capital and Private Equity Association
Tel: (852) 2845 6100
Fax: (852) 2537 0086
Email: enquiry@hkvca.com.hk
Website: www.hkvca.com.hk