Ray Sit,

Experience

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  KPMG

  Jun 2008 - Aug 2008

  Assistant Advisor
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  PricewaterhouseCoopers

  Sept 2008 - Sept 2012

  Senior Associate

  • Participated in two successful IPO listing audit engagements.• Senior in charge of the special audit engagement of a US VC M&A transaction.

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  Century City Holdings Limited

  Oct 2012 - Sept 2013

  Assistant manager – Corporate finance

  • Managed operation and treasury management of several properties and hotel investment or development in China. • Acquired a land in Hong Kong Ma On Shan of HK$661.9million in Jun 2013 - which the land was preliminarily planned to be developed into a shopping mall for rental purposes.• Completed the listing of the US$1 billion guaranteed medium term note (“MTN”) programme and issued US$300million MTN in Oct 2012.• Acquired a land in China Tianjin City of RMB985million in Oct 2012. • Completed the investment in an aircraft manufactured in 1998 for a consideration of US$10.5 million in Dec 2012. • Participated in the fund management and related investment businesses as the general partner, in the Equity Investment Fund in China with AUM RMB450million. Show less

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  GP Acoustics International Limited

  Nov 2013 - Sept 2015

  Accounting manager

  • Oversaw the UK and France business, including operation, financial reporting, tax related affairs, and EU/UK regulatory compliance issues.• Advised on business development, provided business and sales analysis, formulated business forecast/budget to the top management.• Completed the business restructuring of the France business unit with the UK company during secondment.

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  GP Acoustics (UK) Limited

  Jun 2014 - Sept 2015

  Oversea secondment - BU FC
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  Gold-Finance Group

  Feb 2016 - Jun 2019

  Assistant Financial Controller

  • Handled properties, and private equity’s deal design, origination, industries research and analysis, project assessment, deal execution and investment management.• Reviewed in-depth research and market analysis.• Setup the Cayman Islands offshore fund investment by proposing the investment structure, project management, and manage the PE fund initial closing process.• Sourced and closed equity financing of HKD200million of Gold-Finance Group.

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  Nexion Technologies Limited

  Jul 2017 - Jun 2019

  General Manager

  Nexion Technologies Limited is an investment holding company, provides information and communications technology solutions. • Expanded the business of Nexion Group (Mainly in Singapore and Southeast Asia originally) in Hong Kong and China market after listing in Hong Kong with the first year of service income of around US$1.6m. • Developed and operated two new offices of Nexion Group in Hong Kong and China and created more than 20 job postings.

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  New Century Asset Management Limited

  Feb 2020 - Sept 2021

  Chief Operating Officer

  New Century Asset Mnagement Limited was a HK SFC type 9 licensed corporation managing the New Century Real Estate Investment Trust up to 31 Aug 2021 upon delisting, it is the first China-based hotel REIT in the world (SEHK: 1275) , both companies are member of New Century Hotel Group.• Accomplished refinancing exercise of the New Century REIT in July 2020 with an amount of RMB1.8billion.• Finalized the disposal of all the New Century REIT assets to the owner for part of the privatization deal with an amount of HK$1.92billion in April 2021, and then delisted the New Century REIT successfully in August 2021. Show less

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  Tecway Real Estate Limited

  Jun 2021 - now

  Director and General Manager

  Tecway is the offshore investment holding company of the New Century Hotel Group, Ltd. which owns and operates hotels and resorts. The Company operates luxury hotels, business hotels, and resort hotels, and also offers facilities for meetings, banquets, celebrations, buffets, and cocktail parties. New Century Hotel Group's headquarter is in Hangzhou, China.