Pursuant to a bonus issue proposal, A Bhd is required to conduct and submit a valuation report to Bursa Securities under Rule 6.32 of the ACE LR, for the purpose of disclosures in circulars for A Bhd’s bonus issue. Does A Bhd need to pay any valuation review fee to Bursa Securities?
No, based on paragraph 7.1 of the Fees and Charges, the valuation review fee will only be charged when the valuation report is prepared for the purpose of disclosures in circulars and documents which require prior perusal by Bursa Securities. In this instance, the valuation report is prepared for the purpose of disclosures in circulars for bonus issue, which do not require the prior perusal of Bursa Securities under Rule 9.30 of the ACE LR. Therefore, A Bhd need not pay any valuation review fee to Bursa Securities.