China High Speed Transmission Details Auditor Dispute With Controlling Shareholder Fullshare

China High Speed Transmission Equipment Group Co ( (HK:0658) ) has issued an announcement.

China High Speed Transmission has issued a supplemental announcement detailing the escalating dispute with its controlling shareholder Fullshare over the appointment of the company’s auditor for the 2025 financial year. After shareholders vetoed the re-appointment of Baker Tilly, the company conducted a tender process and selected HLB Hodgson, with the decision endorsed by an independent body under its articles of association.

Fullshare, which later sought to have its own auditor Prism appointed, has publicly challenged the validity of HLB Hodgson’s appointment on legal and governance grounds and linked the issue to delays in its own financial reporting and trading suspension. Following a board reconstitution in January 2026, new directors weighed Fullshare’s strong opposition, the risk that HLB Hodgson’s 2025 audit could be deemed invalid, and the potential suspension of trading in China High Speed Transmission’s shares if an extraordinary general meeting is convened to resolve the impasse.

The most recent analyst rating on (HK:0658) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on China High Speed Transmission Equipment Group Co stock, see the HK:0658 Stock Forecast page.

More about China High Speed Transmission Equipment Group Co

China High Speed Transmission Equipment Group Co., Ltd. is a Hong Kong-listed company incorporated in the Cayman Islands, focused on manufacturing and supplying high-speed transmission equipment. Its shares are majority-owned by Fullshare, which holds about 71.08% and acts as the company’s controlling shareholder under Hong Kong Listing Rules.

Average Trading Volume: 1,207,711

Technical Sentiment Signal: Hold

Current Market Cap: HK$3.37B

See more data about 0658 stock on TipRanks’ Stock Analysis page.