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Hong Kong Law

January 2011

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Charltons - Hong Kong Law Newsletter - Issue 108 - 21 January 2011

Proposed changes to the requirements for property valuation disclosure in applicants' prospectuses and issuers' circulars

New Regulatory framework for valuation reports

SEHK And SFC Joint Consultation Paper

Hong Kong Securities and Futures Commission

Stock Exchange of Hong Kong

The Companies Ordinance (Exemption of Companies and Prospectuses from Compliance with Provisions) (Amendment) Notice 2011

Property valuation requirements in respect of business activities involving property development and investment

Property valuation requirements in respect of other business activities

Abolition of property valuation requirements for non-property companies

Exemption of disclosure in the prospectus of detailed valuation reports on operating leases

General disclosure obligations may require more disclosure than the minimum proposed in the Consultation Paper
Disclosure of material property interests
Definition of Property Activities and Property Interests
Contents for valuation reports
Proposal for effective date of valuation
Proposals For Property Activities
Proposals For Non-Property Activities
Summary disclosure of valuation reports permitted if market value of a property interest is below 5% of the total property interests