B Bhd intends to acquire several pieces of real estate. The total market value of the real estate is RM150 million and the percentage ratio of the proposed acquisition is 30%. The proposed acquisition will also result in a significant change in B Bhd’s business direction or policy. Pursuant to Rule 10.04 of the ACE LR, B Bhd is required to submit a valuation report for the real estate that it intends to acquire.
Yes. The circular in relation to the proposed acquisition is subject to Bursa Securities’ prior perusal under Rule 9.30(5) of the ACE LR. Pursuant to paragraph 7.1 of the Fees and Charges, valuation review fees will be charged for valuation reports submitted in relation to such circular.