A valuation, or appraisal, is the process of estimating the potential market value of a financial asset or liability and is central for:
- Pre-IPO, IPO and post-IPO services;
Mongolia, being a developing market, needs to provide a formal legal opinion from a Hong Kong based law firm for valuations of property in HKEx. HKEx has post-listing requirements for “connected transactions”, i.e. transactions between parties that share an interest in a listed entity.
- IFRS related services;
Mongolia being compliant to IFRS can use valuation assignments for the following cases: business combinations, share based compensation (employee stock option plan or restricted shares), goodwill impairment or convertible instruments and embedded derivatives.
- Independent valuation
- Specificity of Hong Kong Exchanges and Clearing Limited
- Symbiotic relationship with audit firms
- AA & Mongolian market
- Presentation material