The following is a digest of other significant financial rules and guidelines issued or amended in recent months.
Listing rules amendment
In August the Main Board and GEM Listing Rules were amended. The amendments related to the disclosure of asset valuation and additional content requirements for financial statements.
Under the original rules, where any of a listed company’s real estate or other tangible assets have been valued and the valuation has been included in the prospectus at the time of listing, the assets must be stated at such valuation in the company’s financial statements, subject to certain exceptions. This requirement has now been removed for new listing applicants whose advanced booking form is dated on or after 1 September 2002.
