C Bhd intends to acquire several pieces of lands from its related party. The total market value of the land is RM200 million. One of the percentage ratios of the proposed acquisition is 6%. Pursuant to paragraph 10.04 of the Main LR, C Bhd is required to submit a valuation report for the land that it intends to acquire.
Does C Bhd need to pay any valuation review fee to Bursa Securities?
Yes. The circular in relation to the proposed acquisition is subject to Bursa Securities'prior perusal. Pursuant to paragraph 11.1(a) of the Fees and Charges, valuation review fees will be charged for valuation reports submitted in relation to such circular
If the answer to Question (a) above is yes, how much valuation review fee does C Bhd need to pay to Bursa Securities?
Pursuant to paragraph 11.1(a) of the Fees and Charges, the valuation review fees that C Bhd needs to pay to Bursa Securities is –
= 0.01% of the total market value of the lands that it intends to acquire
= 0.01% x RM200 million
= RM20,000