A listed company in Hong Kong intended to acquire controlling shares of a private mining company in the PRC.

The transaction contemplated constitutes a very substantial acquisition (VSA), valuation of both the acquirer’s and the acquiree’s property interests (including leasehold interests) are required in the circular. Greater China Appraisal took the role of independent property valuer. Property valuation report has been prepared in accordance with the requirements of the Rules Government the Listing of Securities on The Stock Exchange of Hong Kong Limited in Chapter 5 and Practice Note 12.

Under Chapter 18 of the Rules Government the Listing of Securities on The Stock Exchange of Hong Kong Limited, a report by technical advisor with respect to the estimated reserves has to be included in the circular. Greater China Appraisal worked as project coordinator to liaise with the technical advisors, to ensure consistency of information distributed by the Company, to monitor the progress of expert’s reports and to ensure every piece of materials goes to the right person on time.

In addition, Greater China Appraisal also provided opinion on the business value of the target mining company for corporate internal reference. The target mining company was in possession of 2 mining rights certificates.