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Blue River Holdings Limited ( (HK:0498) ) just unveiled an update.
Blue River Holdings Limited has announced the resignation of its auditor, Crowe (HK) CPA Limited, effective 19 May 2026, following a dispute over audit fees linked to the group’s new coal trading business. Crowe had sought a 40% increase in the agreed annual audit fee for FY2026, citing significantly expanded audit procedures and resources required to review coal trading transactions that began in mid-2025.
The company’s audit committee rejected the proposed fee hike after benchmarking it against market rates, concluding it was not commercially justifiable, which led Crowe to step down. Both Crowe and the board stated there were no other disagreements or issues to highlight to shareholders, and the company expects that a prompt appointment of a new auditor will prevent any material delay or impact on the FY2026 annual audit process.
More about Blue River Holdings Limited
Blue River Holdings Limited is a Hong Kong-listed investment holding company incorporated in Bermuda, with operations that now include a coal trading business launched in July 2025. The group operates through subsidiaries and is subject to Hong Kong listing rules, reflecting its focus on maintaining compliance and oversight in its diversified activities.
Average Trading Volume: 715,232
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$73.91M
For a thorough assessment of 0498 stock, go to TipRanks’ Stock Analysis page.