The Poon Kam Kai Institute of Management (PKKI) will launch a professional diploma in Asset and Business Valuation in October. The course targets practitioners in valuation, finance and law, senior executives involved in corporate mergers and acquisitions, and those responsible for corporate strategies. The diploma course is offered by the institute and the University of Hong Kong's real estate and construction department. According to the institute, many firms in China were considering going public in the mainland and elsewhere, thus increasing the number of mergers and acquisitions. But questions are being asked whether these companies are getting real value. The course comprises three modules: The first, valuation based on financial data, includes topics such as listing rules and regulations, cash flow analysis and projection, and assessment of risk premiums. The second module, valuation of fixed assets, focuses on rules and regulations, site inspection and qualitative assessment, among other subjects. The third module, case studies and practices, covers codes of practices, professional ethics and legal liability, and the application of valuation techniques through case studies, among other topics. According to the institute, professionals with a knowledge of valuation of assets and business were in demand because of an improved business environment and increasing business opportunities. The course costs HK$26,000. Applications must be in by September 15.