Documents Needed for Bidding
What do you need to prepare/bring on Auction Day?
For Individual Buyers:
| 1. | A bank draft/cashier’s order equivalent to 10% of the fixed reserve price payable to AAA AUCTIONEERS as stated in POS* |
| 2. | Identification card (I/C) together with a photocopy of I/C (both sides) |
| 3. | An authorisation/nomination letter (if you are bidding for someone’s behalf) |
| 4. | Additional funds to pay difference between reserve price and successful bid price. ( 10% of the successful/additional bid price) |
For Corporate buyers:
| 1. | Company M&A (Certified true copy by Company Secretary) |
| 2. | Form 9 (Certified true copy by Company Secretary) |
| 3. | Form 49 (Certified true copy by Company Secretary) |
| 4. | Letter of authorization (with Letterhead and Company Stamp, signed by all Directors) |
| 5. | Photocopy I/C of Directors |
| 6. | Identification card (I/C) together with photocopies of I/C (both sides) of person being authorized to bid for identification and registration purposes |
| 7. | A bank draft/cashier’s order equivalent to 10% of the fixed reserve price in favour of AAA AUCTIONEERS as stated in POS* |
| 8. | Additional funds to pay the difference between the deposit paid upon registration. (10% of the successful/additional bid price) |
Note: A person who has not reached the age of 18 (minor) or Bankrupt shall not be permitted to participate for the auction bidding.
* POS Proclamation of Sale * COS Conditions of Sale
