China Resources Building Materials Proposes Auditor Change From KPMG to Grant Thornton

China Resources Building Materials Technology Holdings ( (HK:1313) ) has provided an announcement.

China Resources Building Materials Technology Holdings plans to change its independent auditor as part of efforts to strengthen corporate governance and preserve auditor independence. KPMG, which has served since May 2023, will retire after the annual general meeting scheduled for 29 May 2026, with the board confirming there are no disagreements or issues requiring attention from shareholders or creditors.

Following a competitive selection process, the board, upon the audit committee’s recommendation, proposes appointing Grant Thornton Hong Kong as the new independent auditor, subject to shareholder approval at the upcoming annual general meeting. The company believes Grant Thornton satisfies regulatory and professional requirements, has the necessary resources and expertise for a high-quality audit, and that the change is in the best interests of both the company and its shareholders, with further details to be sent to investors in due course.

The most recent analyst rating on (HK:1313) stock is a Hold with a HK$1.30 price target. To see the full list of analyst forecasts on China Resources Building Materials Technology Holdings stock, see the HK:1313 Stock Forecast page.

More about China Resources Building Materials Technology Holdings

China Resources Building Materials Technology Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands and operates in the building materials sector. The group focuses on developing and supplying construction-related materials and technologies, serving markets that demand strong governance and regulatory compliance as a listed issuer.

Average Trading Volume: 15,792,913

Technical Sentiment Signal: Sell

Current Market Cap: HK$9.43B

See more insights into 1313 stock on TipRanks’ Stock Analysis page.