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Capital Environment Holdings Limited Announces Auditor Change

Story Highlights
  • Capital Environment Holdings Limited proposes a change of auditor due to regulatory limits.
  • BDO Limited is recommended to replace Ernst & Young, enhancing auditor independence.
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Capital Environment Holdings Limited Announces Auditor Change

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Capital Environment Holdings Limited ( (HK:3989) ) just unveiled an update.

Capital Environment Holdings Limited has announced a proposed change of auditor due to regulatory requirements limiting the duration an accounting firm can serve a state-owned enterprise. Ernst & Young will retire as the company’s auditor, and BDO Limited is proposed to take over, pending shareholder approval. This change aims to enhance auditor independence and maintain good corporate governance.

More about Capital Environment Holdings Limited

Capital Environment Holdings Limited operates in the environmental services industry, focusing on waste management and environmental protection services. As a subsidiary of Beijing Capital Group Co., Ltd., a state-owned enterprise, the company is involved in providing sustainable solutions for waste treatment and environmental conservation.

Average Trading Volume: 7,956,939

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$1.07B

For an in-depth examination of 3989 stock, go to TipRanks’ Stock Analysis page.

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