Hong Kong's 2022 Virtual Investment Forum "Invest For A Better World With Innovation: From SPAC To Metaverse" was held on January 20, the first regional event aligning investors in the Metaverse with startups seeking funding. The Forum was co-organized by LBS Communications with New Vision Asset Management and Mileage Communications (Singapore), with the support of media platform partners Futu and Hong Kong Economic Digest.Distinguished speakers were invited to tap the hottest topics in the capital markets: SPACs and Metaverse. The morning session featured SPAC best practice. Mr Claudius Tsang, CEO at A SPAC (Holdings) considered SPAC listings; Mr Robson Lee, Partner at Gibson Dunn and Mr Gordon Tsang, Partner at Stevenson Wong & Co, hit SPAC listings, de-SPAC transactions and risk factors from US, Hong Kong and Singapore perspectives. Mr. Yiu Ting Tsoi, President and CFO, Sieger Acquisition, spoke on IR strategy in the positioning of SPACs.
The afternoon session focused on Metaverse investment. Mr James Lei, a Director at Hong Kong Applied Science and Technology Research Institute (ASTRI), spoke on effective real strategies to ride the Metaverse wave; Mr Gilbert Ng, Co-Founder of P.Mari, described compliance trends and regulatory directions in the virtual asset industry; Mr Robert Luo, Co-founder of NVC Media, introduced GameFi, the most advanced virtual development trend; and Mr Evan Auyang, Group President at Animoca Brands, introduced Animoca's unique investment strategies, limited not only to the hottest metaverse, Sandbox.
Panel discussions covered SPAC and de-SPAC, strategies for maximizing returns by investors, strategies for start-ups, and strategies for investing in the Metaverse. Panelists shared personal experiences and unique insights from the forum's warm, comfortable atmosphere. More than 300 institutional investors, listed company executives and start-up representatives attended the 2022 Virtual Investment Forum, with many gathering in the virtual lounge area afterwards for further discussions around the Metaverse.
Ms Joanne Chan, Managing Director at LBS Communications, said, "Metaverse has become an inevitable topic in the investment community - it's a new field which Big Tech and gaming companies are competing to develop. Even the most renowned companies have acquired virtual brands to tap this market. At the same time, the Hong Kong Stock Exchange has formally implemented a SPAC listing mechanism. This means that many innovative, emerging companies will become M&A targets, providing an additional financing channel for those that are interested in entering the Metaverse.
"LBS proposed the virtual SPAC To Metaverse Forum in Hong Kong, inviting experts and investors to share knowledge and insights from a forward-looking perspective, creating an effective communications platform for the capital markets, disseminating investment information in sync with the times, and winning community recognition for the first event of its kind. In the era of diversified development in capital markets, we are happy that start-ups in emerging industries can gain sustainable momentum and happy to see greater opportunity for investors and for enterprises, achieving a win-win situation," said Ms Chan.
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