SGX, SISV reviewing valuation and reporting practices
Quality valuations seen crucial to safeguarding investor interest and maintaining confidence in Reits, business trusts
Singapore
SINGAPORE Exchange (SGX) and the Singapore Institute of Surveyors and Valuers (SISV) are jointly reviewing valuation practices and the reporting carried out by real estate valuers that are engaged by listed issuers.
A committee has been formed to carry out the review, they said in a joint statement on Thursday.
"SGX is committed to collaborating with the entire eco-system to improve governance and disclosure," said Michael Tang, SGX's head of listing policy and product admission.
"We believe investors will benefit when valuation reports contain clearer information on methodology and key assumptions," …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Toyota and Nissan pair up with Tencent and Baidu for China AI arms race
BHP targets Anglo American in bid valuing miner at US$39 billion
FTSE 100 hits record high on big mining M&A, earnings push
Hermes Q1 sales jump 17% on strong China demand
AstraZeneca leaps after smashing Q1 forecasts
LSEG reports in-line first quarter as Microsoft partnership progresses