An H-share company proposed to be listed on the
main board of the Stock Exchange of Hong Kong.
Greater China Appraisal took the role of
Independent Property Valuer to prepare the property valuation report in
accordance with the requirements of the Rules Government the Listing of
Securities on the Stock Exchange of Hong Kong in Chapter 5 and
Practice Note 12. Since some of the leases held by the Company were
with connected companies, Greater China Appraisal was also required to comment on the
reasonableness of the rentals in those connected parties leases.
Few of the Company’s subsidiaries were
obtained through acquisitions. According to the latest accounting
standards, all assets’ values should be booked using fair
values from the acquisition date.
Greater China Appraisal assessed the fair value of different types of
assets including current assets, tangible assets, intangible assets,
liabilities, debts and equity as at the acquisition date and the
year-ends since then. Moreover, Greater China Appraisal also provided opinions on the
valuation of investment properties and apportionment of land value and
building value of the acquisition cost.
Date: December 2007
‧Real Estate Valuation
‧Plant and Machinery