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Chu Kong Shipping Enterprises (Group) Co. Ltd. ( (HK:0560) ) has issued an announcement.
Chu Kong Shipping Enterprises has issued a supplemental announcement to its AGM circular, detailing its plan to reappoint KPMG as the company’s auditor for another year, subject to shareholder approval. The board, following the audit committee’s recommendation, proposes that KPMG continue in the role through the next financial year, with authority granted to the board to fix the auditor’s remuneration.
The company estimates KPMG’s audit fee for the 2026 financial year at between HK$2.8 million and HK$3.1 million, excluding out-of-pocket expenses, based on historical fees, market rates, and the expected audit scope and timetable. Citing KPMG’s familiarity with the group’s operations, the board argues the arrangement is fair, reasonable, and efficiency-enhancing, and pledges further disclosure if any material changes in assumptions cause a significant deviation from the estimated fee.
More about Chu Kong Shipping Enterprises (Group) Co. Ltd.
Chu Kong Shipping Enterprises (Group) Co. Ltd. is a Hong Kong-incorporated company listed on the Stock Exchange of Hong Kong. The group operates in the shipping and logistics sector, overseeing a range of marine transportation and related services in the region, serving both corporate and institutional stakeholders in South China and beyond.
Average Trading Volume: 227,824
Technical Sentiment Signal: Sell
Current Market Cap: HK$773.6M
See more data about 0560 stock on TipRanks’ Stock Analysis page.