China Resources Land to Replace KPMG with Deloitte as Auditor

An update from China Resources Land ( (HK:1109) ) is now available.

China Resources Land plans to replace its current independent auditor, KPMG, which has served since June 2023, upon the conclusion of its annual general meeting scheduled for June 2026. The board and audit committee said the move is aimed at strengthening corporate governance and preserving auditor independence, and confirmed there are no other matters related to KPMG’s retirement that need to be brought to shareholders’ or creditors’ attention.

The company’s board has resolved, on the audit committee’s recommendation, to propose Deloitte Touche Tohmatsu as the new auditor, subject to shareholder approval at the upcoming meeting. The audit committee cited Deloitte’s audit proposal and fees, industry experience, independence, market reputation, and compliance with Hong Kong audit committee guidelines as key factors in its selection, signaling a continued emphasis on rigorous financial oversight for investors and other stakeholders.

The most recent analyst rating on (HK:1109) stock is a Buy with a HK$34.90 price target. To see the full list of analyst forecasts on China Resources Land stock, see the HK:1109 Stock Forecast page.

More about China Resources Land

China Resources Land Limited, incorporated in the Cayman Islands and listed in Hong Kong under stock code 01109.HK, operates in the real estate sector. The company is overseen by a board comprising executive, non-executive and independent non-executive directors, reflecting a governance structure aligned with Hong Kong listing requirements and focused on maintaining robust corporate oversight.

YTD Price Performance: 35.15%

Average Trading Volume: 17,192,563

Technical Sentiment Signal: Buy

Current Market Cap: HK$262.1B

See more data about 1109 stock on TipRanks’ Stock Analysis page.