Can a listed corporation appoint a foreign valuer to prepare the requisite valuation report on the foreign assets proposed to be acquired under item 3 of Part F Appendix 10B of the ACE LR?
Yes, a listed corporation may appoint an independent valuer registered with the relevant professional body in the country where the foreign asset is located independently or jointly with an independent registered valuer in Malaysia to prepare the requisite valuation report. Further, the listed corporation must also ensure that the appointment of the valuer including the independent registered valuer in Malaysia fulfils the requirements under the SC's Asset Valuation Guidelines in relation to the appointment of valuer for valuation of foreign property assets.