The Hong Kong Stock Exchange updated its Guidance Letter HKEx-GL65-13 on IPO listing document disclosure relating to the information required to be included in the property valuation report and market report on 16 January 2015. Newly added paragraph 4.1(c) requires inclusion in the property valuation report of “clear references to tenure and other specific factors such as title defects and special requirements imposed on the properties by the land grants, and the associated value implications, if material.”