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.