In an acquisition or disposal of a manufacturing corporation by a listed corporation, a revaluation on all the manufacturing corporation's lands, plant and machinery for the purpose of determining the purchase consideration of the said corporation has been carried out. In this situation, is a submission of a valuation report to Bursa Securities required?
Pursuant to Rule 10.04 of the ACE LR, a valuation report only needs to be submitted for the real estate. The listed corporation need not submit a valuation report on the plant and machinery.