Prescribed events which require immediate announcement
Paragraph 9.19(46) of the Main LR requires an
immediate announcement of any valuation which has been conducted on the
non-current assets of the group, where the revaluation surplus or deficit will
be incorporated in the financial statements of the listed issuer. Would this
include valuation of the listed issuer’s investment in subsidiaries?
No. For purposes of paragraph 9.19(46) of the
Main LR, the valuation is only in respect of the non-current assets of the
group and thus, it would not include valuation of the listed issuer’s
investment in subsidiaries.