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FAQ 10.14

​Computation of percentage ratio

 

10.14

​In relation to any acquisition or disposal of equity interest in a corporation, when will the total assets ratio provided in Rule 10.02(g)(vi) of the ACE LR ("Total Assets Ratio") be applicable?

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​Pursuant to Rule 10.03(9) of the ACE LR, in relation to any acquisition or disposal of equity interest in a corporation, the Total Assets Ratio is applicable  –

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​(a)​​if the acquisition will result in such corporation’s total asset being consolidated into the group accounts after the acquisition; or
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​​(b)​in the disposal where such corporation’s total asset has been consolidated in the group accounts before the disposal.

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