Yes, that'a about right.
Start in Adelaide at the BAE SYSTEMS college. Here you do a number of things:
1. Complete a Multi engine instrument rating and a/c endorsement on a Honk Kong registered aeroplane. This is done on a Beechcraft Duchess (4 seat piston twin). Everybody does this, regardless of experience level.
2. Convert current licence into frozen HK CPL. When you get the job, CX will send an application form to the HK CAD who will decide what/how many exams you must sit to convert your current licence to a Hong Kong one. This varies hugely. Two people with the same experience may have different exams to do. You just have to play the game. You will sit through lectures in Adelaide to prepare you for the exams you have to sit. Generally, guys I started with had around 5000 hrs, with at least 1500 hrs on heavy turbo prop and above. We only had to sit 6 out of the 19 exams.
3. Multi-crew training in a 737-200 sim. You complete around 30 hrs of LOFT exercises, no emergencies tested, it's good fun and you learn CX SOP's that you'll use when you get to sim training in HK.
4. You get to drink lots if you want.
When you get back to HK, you sit the exams that you have been prepared for, then you start the conversion course on the type you've been allocated.
Hope this helps.
Good luck
WP