Certain countries require that a valuation report of an issuer's interests in land and buildings be included in the prospectus. The specific requirements in certain countries are reference below.
Hong Kong - Valuations of and information on all the issuer's interests in land and buildings ("properties") are required to be included in a prospectus of a new applicant. All valuation reports must contain all material details of the basis of valuation which must follow the "Hong Kong Guidance Notes on the Valuation of Property Assets" published by the Royal Institution of Chartered Surveyors (Hong Kong Branch) and The Hong Kong Institute of Surveyors. The valuation reports included in the prospectus should include the information set out in the Stock Exchange of Hong Kong's Listing Rules 5.06.
Mexico - Rule 11-27, in accordance with the bulletin B-10 of the Mexican Institute of Public Accountants, permits but does not require issuers to inform the market value of fixed assets in the notes to the financial statements, however if they inform it, the appraisal must be practiced by an independent expert authorized by the Commission.
The United Kingdom - There are separate rules for property companies contained in Chapter 18 of the Listing Rules. In addition, other listed companies which own property or which carry out certain property related transactions must also comply with the requirements for a valuation and a valuation report contained in Chapter 18.
