BTI bailador technology investments limited

Ann: Net Tangible Asset Backing, page-2

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    "Bailador has revalued its investment in Instaclustr up by 30% as at 31st August to reflect its strong operating performance over the last 12 months. BTI’s investment is now held at $19.0m, representing 4.2x cost at an IRR of 69%"

    How can BTI be allowed by the ASX or ASIC to revalue the Instaclustr investment and then post a new valuation for it given BTI has a vested interest in Instaclustr ?
    Would not it be more appropriate to have the valuation done at arms length ?
 
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