Singapore companies asked to apply IVS 2017 to boost investor confidence
The Singapore Institute of Surveyors and Valuers (SISV), working with the Singapore Stock Exchange (SGX) have published new guidelines on valuation reporting for listed companies, REITs and IPOs. The SGX has asked domiciled companies to apply the guidelines, which reflect IVS 2017, when carrying out valuation reports.
Speaking at the IVSC-WAVO Valuation Conference in Singapore this week, hosted by SISV, SGX Chief Regulatory Officer, Tan Boon Gin, said: “This guide is aimed at meeting investors’ need for clarity and completeness of information. We encourage listed companies to use this guide as quality disclosures on matters such as valuations are crucial to their investors."
Singapore-based VPO and IVSC member organisation, SISV, worked with the Stock Exchange on developing the guidelines. Their President of Valuation and General Practice, Lim Lan Yuan, said “these guides will be included as supplements to our existing SISV Valuation Standards and Practice Guidelines which have been updated to take account of the International Valuation Standards 2017."