We, through our operating subsidiaries, are a Hong Kong-based consulting and
advisory and financial services provider, as well as trader of commodities such
as luxury timepieces.
For the six months ended September 30, 2024, approximately 70.91% of our total
revenue was derived from provision of consulting and advisory services,
approximately 26.08% was derived from trading of commodities such as luxury
timepieces and approximately 3.00% derived from financial services. For the
years ended March 31, 2024 and 2023, approximately 57.05% and 77.50% of our
total revenue was derived from provision of consulting and advisory services,
respectively; approximately 40.45% and 19.27% of our total revenue was derived
from trading of commodities such as luxury timepieces, respectively; whereas
financial services (namely underwriting and placing services, securities dealing
and brokerage services, and asset management services) in the aggregate only
accounted for 2.50% and 3.23% of our total revenue, respectively. Therefore, we
consider our consulting and advisory services the most material business line in
our business.
Consulting and Advisory Services
Through Bluemount Capital, we provide comprehensive consulting and advisory
services on business development strategies to our diverse clientele. The core
focus of our offerings lies in proactively seeking and evaluating suitable
transaction projects which can contribute to the growth and diversification of
clients’ business.
We are dedicated to helping organizations manage changes and mitigate risks.
provide comprehensive consulting and advisory services on business development
strategies to our diverse clientele. The core focus of the company's offerings
lies in proactively seeking and evaluating suitable transaction projects which
can contribute to the growth and diversification of clients’ business.
Individually, our service is staffed with experts recognized for the depth of
their knowledge and a track record of making an impact. Collectively, we offer a
comprehensive suite of services designed to assist clients across the business
cycle, from proactive risk management to business development strategies for
dynamic business environments. We work closely with our clients to help them
anticipate and overcome complex business challenges and make the most of
opportunities arising from factors such as the economy, financial and credit
markets, governmental legislation and regulation, and litigation. We provide our
clients with expert advice and solutions involving business transformation,
strategy, transactions, and financial communications. Our experienced
professionals are acknowledged leaders in their chosen field not only for their
level of knowledge and understanding, but for their ability to structure
practical workable solutions to complex issues and real-world problems. For the
six months ended September 30, 2024, approximately 70.91% of our total revenue
was derived from provision of consulting and advisory services. For the years
ended March 31, 2024 and 2023, approximately 57.05% and 77.50% of our total
revenue was derived from provision of consulting and advisory services,
respectively.
Generally, we provide consulting and advisory business for the following
segments:
· Corporate Finance; and
· Strategic Communications.
Corporate Finance
Our Corporate Finance segment focuses on the strategic, operational, financial,
transactional and capital needs of our clients. In additional, we offer services
in seeking suitable transaction projects for the development or diversification;
and (ii) seeking suitable business partners/investors for our clients for fund
raising projects. Our clients include companies, boards of directors, and as
well as other parties-in-interest. We deliver a wide range of services centered
around three core offerings: Business Transformation, Strategy and Transactions.
Business Transformation: We provide independent business transformation
expertise to help drive change across the enterprise, enhance performance, build
sustainable growth and value and foster a culture of excellence, which are
limited to the following offerings: (i) enterprise transformation; (ii) revenue
& operations; and (iii) technology transformation.
Strategy: We deliver tangible value throughout the entire strategy-to-execution
journey for corporations, private equity and debt investors and mid-market
companies from our industry-specialized strategy practice, which are limited to
the following offerings: (i) commercial diligence; (ii) cost transformation;
(iii) merger & acquisition (“M&A”) strategy; and (iv) organization and
governance.
Transactions: We provide services that help clients strategize, structure,
conduct diligence, integrate, carve-out, value and communicate around business
transactions, which are limited to the following offerings: (i) diligence
(financial, information technology and regulatory); (ii) merger integration; and
(iii) strategic alternatives.
Strategic Communications
Our Strategic Communications segment develops and executes communications
strategies to help management teams and boards of directors manage change and
mitigate risk surrounding transformational and disruptive events, including
transactions, investigations, disputes, crises, regulation and legislation. We
deliver our strategic communications offering through financial communications.
Financial Communications: We design and provide communications strategies to
help business leaders deliver consistent and credible narratives to raise
capital, engage with investors and navigate transitional business events, which
are limited to the following offerings: (i) M&A communications; (ii) financial
issues; and (iii) corporate governance.
Commodity Trading
For the six months ended September 30, 2024, approximately 26.08% was derived
from trading of commodities such as luxury timepieces. For the years ended March
31, 2024 and 2023, approximately 40.45% and 19.27% of our total revenue was
derived from trading of luxury timepieces, respectively.
We operate a subsidiary, namely Bluemount Commodities, dedicated to the trading
of luxury branded timepieces, where we source, buy, and sell prestigious
timepieces. Bluemount Commodities is involved in the trading of brand-new luxury
branded timepieces. Our business model revolves around sourcing these watches
from individuals or corporate entities and subsequently reselling them to
consumers in Hong Kong. We specialize in procuring hard-to-get, rare and luxury
timepieces and offering them to the discerning market of luxury timepiece
enthusiasts in the region. Bluemount Commodities serves as a reliable
intermediary, ensuring that these sought-after watches reach the hands of eager
consumers in Hong Kong. Bluemount Commodities employs a distribution strategy
centered on direct offline sales conducted from our office (no physical retail
store), complemented by an enhanced online presence for showcasing timepiece
collection and facilitating inquiries from potential clients. We focus on
cultivating exclusive corporate relationships, offering personalized sourcing
services for unique timepieces, and leveraging customer relationship management
tools to provide tailored experiences. Additionally, Bluemount Commodities
engages in networking within the luxury timepiece industry to expand their
reach. In 2023 and 2024, Bluemount Commodities strategically limited the number
of corporate customers to provide a personalized and tailored service, ensuring
high quality standards and efficient resource allocation. The customer base
comprises entirely of corporate entities. Most of the revenue we make comes from
selling to one important customer, Prince Luxury Limited who is a private
company incorporated in Hong Kong with limited liability. Prince Luxury Limited
engages in the business of trading of timepieces. The demand from this customer
has been strong since December 2021, helping us maintain stable trading revenue
and showing that they will probably keep buying from us. This focused approach,
coupled with a restrained marketing and promotion budget due to fewer customers,
allowed us to prioritize customer satisfaction, manage growth sustainably, and
strategically position ourselves as a premium service provider in the luxury
timepiece market in Hong Kong.
As we continue to expand our luxury timepiece trading endeavors, we remain
resolute in our dedication to maintaining the same level of excellence and
integrity that defines our primary financial services. The dual facets of our
business complement one another, providing us with insights that enrich our
understanding of both financial markets and the luxury sector.
Financial Services
In our financial services segment, we are principally engaged in the provision
of (i) underwriting and placing services; (ii) securities dealing and brokerage
services under Bluemount Securities; and (iii) asset management services under
Bluemount Asset Management. Bluemount Securities is licensed to conduct Type 1
(dealing in securities) and Type 4 (advising on securities) regulated activities
under the SFO in Hong Kong, and Bluemount Asset Management, is licensed to
conduct Type 9 (asset management) regulated activities under the SFO in
Hong Kong. Bluemount Securities is the Stock Exchange Participant and holds one
Stock Exchange Trading Right, and also a participant of the HKSCC.
The table below sets forth the licenses obtained by our Operating Subsidiaries
under the jurisdiction of Hong Kong:
License type and trading right Entity name
HKSFC Type 1 License — Dealing in securities Bluemount Securities
HKSFC Type 4 License — Advising on securities Bluemount Securities
HKSFC Type 9 License — Asset management Bluemount Asset Management
Stock Exchange Participants (Participant ID: 02054) Bluemount Securities
HKSCC Participants (Participant ID: B02054) Bluemount Securities
Underwriting and Placing Services: acting as (i) book runner, lead manager, or
underwriter of listing applicants in IPOs or other fundraising activities; and
(ii) placing agent of listed companies in connection with their issuance or sale
of securities, in return for underwriting and/or placing commission. We also
charge investors a brokerage commission when they subscribe for or acquire
securities in respect of offerings of listed issuers who engaged us to provide
placing and underwriting services in respect of the relevant securities. For the
six months ended September 30, 2024, no revenue derived underwriting and
placement commissions. Our revenue derived from our placing and underwriting
services accounted for 0% and 1.32% of our total revenue for the years ended
March 31, 2024 and 2023, respectively.
Securities Dealing and Brokerage Services: providing securities dealing and
brokerage services for trading in securities on the Hong Kong Stock Exchange and
in other overseas markets. We act as an intermediary between buyers and sellers
of securities listed on the Main Board and GEM of the Hong Kong Stock Exchange
and facilitate our clients’ trading of securities listed on selected overseas
stock exchanges, including the United States, in return for brokerage commission
income. Ancillary to our securities brokerage and dealing services, we provide
nominee services, custodian services, scrip handling services and handling
services for corporate actions to our brokerage clients. At the same time, we
also facilitate the subscriptions to IPOs and secondary placings, either
conducted by Hong Kong issuers who engage our placing and underwriting services
or conducted by other financial services providers in Hong Kong. For the six
months ended September 30, 2024, approximately 1.92% of our total revenue was
derived from securities dealing and brokerage services. For the years ended
March 31, 2024 and 2023, respectively, 0.03% and 0.07% of our total revenue was
derived from securities dealing and brokerage services.
Asset Management Services: offering discretionary account management and fund
management services that cater to different investment objectives of our
clients, through Bluemount Asset Management. Our asset management services
accounted for 1.08% of our total revenue for the six months ended September 30,
2024 and 2.33% and 1.83% of our total revenue for the years ended March 31, 2024
and 2023, respectively.
We plan to keep our business growing by strengthening our securities brokerage,
underwriting and placement services and develop our asset management business
and margin financing services. Our diversified business portfolio allows us to
create synergies between our business lines under our financial services
business segment, generate new business opportunities for each financial
services business segment and provide integrated financial services to clients.
As we continue to expand our luxury timepiece trading endeavors, we remain
resolute in our dedication to maintaining the same level of excellence and
integrity that defines our primary financial services. The dual facets of our
business complement one another, providing us with insights that enrich our
understanding of both financial markets and the luxury sector.
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Our principal office are located at Room 1007, 10/F, Capital Centre, 151
Gloucester Road, Wan Chai, Hong Kong, and our telephone number is
+852 2137-2688. Our registered office in the Cayman Islands is located at the
office of Ogier Global (Cayman) Limited, 89 Nexus Way, Camana Bay, Grand Cayman,
KY1-9009, Cayman Islands. Our agent for service of process in the United States
is Cogency Global Inc., located at 122 East 42nd Street, 18th Floor New York, NY
10168.
