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Crosby Securities Limited ( “CSL” or Chinese: 高誠証券有限公司) together with Crosby Asset Management (Hong Kong) Limited (“CAM” or Chinese: 高誠資產管理(香港)有限公司) (collectively referred to as “Crosby Group” or Chinese: 高誠集團) provide financial services ranging from institutional sales, research, corporate access, principal investments, financial products, corporate finance and asset management.

Founded and headquartered in Hong Kong, CSL is a registered licensed corporation by the Hong Kong Securities and Futures Commission to carry out regulated activities, including Type 1 (dealing in securities), Type 4 (advising on securities), Type 6 (advising on corporate finance), and Type 9 (asset management).

1984
The predecessor of CSL was originally founded in 1984, when the stock brokerage business of Crosby was initially started. The business later expanded into areas such as corporate finance and fund management. Crosby was among the first international investment banks to open in China, Thailand and Malaysia, and was among the first foreign underwriters of B-shares in the China’s onshore capital markets.

1990s
Since its inception in 1984, the Crosby group has won plenty of fans among fund managers for the strength and independence of its research. In 1992, Societe Generale bought a 30% stake of Crosby, and raised its holdings in the years that followed. In 1997, the remaining stake was sold to Societe Generale. In 1996, Crosby employed about 600 people and had offices in 15 countries including the U.S. and Britain.

2002
Crosby’s corporate finance and asset management businesses were re-launched in 2002 and had grown in size and number of personnel.

2015
On August 20, 2015, Quali-Smart Holdings Limited (“Quali-Smart”, 1348.HK ) announced the acquisition of Crosby Securities Limited and Crosby Asset Management (Hong Kong) Limited to enhance and strengthen the overall business growth and performance, and to build the Crosby Group into an independent institutional & corporate based integrated securities services platform in the market.

Shareholder
Quali-Smart has been listed on the Main Board of the Stock Exchange of Hong Kong under the stock code 1348 since January 2013. It is engaged in two core business segments: toy OEM manufacturing business and the information technology business. In August 2015, Quali-Smart announced its expansion into the financial services business through the acquisition of Crosby Securities Limited and Crosby Asset Management (Hong Kong) Limited.

Businesses
CSL is an independent institutional & corporate based integrated securities services platform, providing financial services ranging from institutional sales, research, corporate access, principal investments, financial products, corporate finance and asset management.

Institutional Sales
CSL’s institutional sales offer several products to global & regional institutional investors, including focused, independent and unbiased research products and bespoke corporate access services. CSL’s team also has strong distribution capability and extensive experience in book-building with IPOs and placements for a full range of IBD projects for both HK Mainboard and GEM board deals.

Research
CSL focuses specifically on bespoke, thematic and event-driven research products mainly on small / mid-cap stocks. The team members have experiences in buy-side and sell-side firms, and have achieved good recognition with top rankings in investors’ polls. Members of the research team have previously been ranked #1 Best Local Broker in Hong Kong by Asiamoney for two consecutive years and twice as first runner-up.

Corporate Access
CSL provides focused and bespoke corporate access services, including buy-side v.s. listed corporate one-on-ones, non-deal roadshows, focused expert seminars / conferences and also has the ability to invite senior Chinese governmental officials, industry leaders, ranked economists to meet the investors.

Principal Investments
The main objective of Principal Investments is to source deals with capital market potential, and directly invest in these deals by way of initial debt / equity participation with a view of having an equity upside conversion at the exit or maturity. Principal Investments, together with Asset Management, package these individual deals into different investment formats and find co-investors to participate. Typical deals include Pre-IPO, Mezzanine Financing, Reverse M&A / M&A, Corporate Restructure Financing, Angel Investments, etc.

Financial Products
CSL’s Financial Products focuses on sale and sourcing of 2 products based on unsolicited client orders:
 * 1) Market access. To assist non-Hong Kong institutional investors (e.g. QDII, Sunny PE Funds, Chinese based investment companies) to participate in IPO/Placements, usually through a securitized form.
 * 2) Investment/yield related securitization. To facilitate corporate & institutional investors to invest global equities / debts investments wrapped under a securitized format.

Corporate Finance
The core competence of CSL’s Corporate Finance is to provide financial advisory services for corporates. Specific areas include financial advisory on listings, general corporate and financial advisory, corporate restructuring, mergers & acquisitions, private equity advisory, project advisory and secondary offerings.

Asset Management
CSL provides and manages co-investment opportunities for investors, including pre-IPO investments, growth capital and structured financing, as well as customized investment solutions on a discretionary and non-discretionary basis for high net worth individuals and corporate entities. Through CAM, the Crosby Group also provides investment management and advisory services, with a focus of management and advisory of private equity funds covering the Greater China markets.