The SGX Listing Rules require independent valuations to be conducted for transactions including acquisitions or disposals that meet the Listing Rule thresholds for very substantial acquisitions and reverse takeovers.
The value of an asset, including a business, that a listed company wishes to acquire, could be material to investors in their decision-making, including whether a shareholder would vote in support of the transaction.
Companies pursuing acquisitions or disposals of assets, including businesses should therefore be mindful of market and regulatory scrutiny.
