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China Rare Earth Holdings ( (HK:0769) ) has provided an announcement.
China Rare Earth Holdings has announced the resignation of its auditor, Ascenda Cachet CPA Limited, effective 24 December 2025, after the firm said it was unable to complete its client continuance assessment due to a lack of sufficient information from management, particularly regarding investigations into past allegations, litigations, unrecorded borrowings, potential misappropriation of assets and the integrity of the Group’s books and records. The board and its reconstituted audit committee dispute this characterisation, asserting that Ascenda Cachet was given full access to the independent forensic report and detailed responses to its queries, and maintaining that there are no other unresolved matters or disagreements requiring shareholder attention, an effort clearly aimed at containing concerns over governance, internal controls and the company’s financial reporting amid ongoing scrutiny of its prior tungsten bar transactions and related investigations.
The most recent analyst rating on (HK:0769) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on China Rare Earth Holdings stock, see the HK:0769 Stock Forecast page.
More about China Rare Earth Holdings
China Rare Earth Holdings Limited is a Hong Kong-listed company that operates through a group structure, though this announcement does not specify its detailed business activities, products or market focus beyond references to past acquisitions of tungsten bars.
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.95B
See more data about 0769 stock on TipRanks’ Stock Analysis page.