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An update from China Resources Gas Group ( (HK:1193) ) is now available.
China Resources Gas Group has announced a proposed change of independent auditor as part of efforts to strengthen corporate governance and preserve the independence and objectivity of its external audit function. KPMG, which has served as auditor since May 2023, will retire upon the conclusion of the company’s annual general meeting scheduled for 28 May 2026 and will not be reappointed.
Following a review by the board and its audit and risk management committee, the company plans to appoint Deloitte Touche Tohmatsu as its new auditor, subject to shareholder approval. The committee cited Deloitte’s fee proposal, technical competence in Hong Kong-listed audits, industry knowledge, resource allocation, independence and market reputation in line with AFRC guidance as reasons for its recommendation, signaling a controlled transition designed to maintain high audit quality and reassure investors about oversight standards.
The most recent analyst rating on (HK:1193) stock is a Hold with a HK$19.50 price target. To see the full list of analyst forecasts on China Resources Gas Group stock, see the HK:1193 Stock Forecast page.
More about China Resources Gas Group
China Resources Gas Group Limited is a Bermuda-incorporated company listed in Hong Kong that operates in the natural gas utilities sector through its subsidiaries. The group focuses on the distribution and sale of gas and related services across mainland China, serving residential, commercial and industrial customers under Hong Kong regulatory and reporting standards.
Average Trading Volume: 3,123,653
Technical Sentiment Signal: Sell
Current Market Cap: HK$43.12B
See more data about 1193 stock on TipRanks’ Stock Analysis page.