According to HKFRS 3 / IFRS 3 – Business Combinations, as at the acquisition completion date, the fair values of the assets and liabilities of the acquired company are required to be determined (also known as “Purchase Price Allocation” (PPA) exercise) in order to calculate the goodwill (if any) generated. Our valuation team has extensive experience in undertaking the PPA exercise to help you to complete your acquisition successfully and smoothly.