- Who is affected
- Directors and management of SGX-listed issuers, and their sponsors and advisers.
Summary
Background On 1 March 2022, SGX RegCo has provided a business valuation guideline for acquisitions or disposals that meets the Listing Rule thresholds for very substantial acquisitions (VSA) and reverse takeovers (RTO). Under Listing Rules 1015(2) and (3), issuers are to appoint a competent and independent valuer to value the assets being acquired and the incoming business respectively. A summary of the guideline as follows:
Issuers should note and seek professional advice to ensure that valuation methodologies and disclosures are up-to-date and reflect best practices for the following trends that might affect business valuations:
This update is a summary of publicly available regulatory guidance prepared by SAC Capital Private Limited for general information. It is not legal advice. Issuers should refer to the SGX Listing Rules and consult their sponsor or legal adviser.