SGX RegCo teams up with professional body of valuers to tackle problem of questionable valuations

SINGAPORE (Jan 28): The Singapore Exchange Regulation has enlisted the help of the professional body of valuers, to bring its expertise to bear when listed companies face questions over the value of assets in potential deals.

Under a memorandum of understanding signed between SGX RegCo and the Institute of Valuers and Appraisals, Singapore (IVAS), which is part of the Singapore Accountancy Commission, the exchange can turn to the institute for expert advice and support on matters related to business valuation.

IVAS, according to SGX RegCo, can help check if valuaton reports are conducted and prepared in compliance with applicable codes and standards. “It is important that investors have confidence in valuations,” says SGX RegCo CEO Tan Boon Gin.

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