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CITIC Resources Proposes Auditor Change to Enhance Governance

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CITIC Resources Proposes Auditor Change to Enhance Governance

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CITIC Resources Holdings ( (HK:1205) ) has provided an update.

CITIC Resources Holdings Limited has announced a proposed change of auditors to maintain good corporate governance practices. PricewaterhouseCoopers, the current auditor since 2021, will retire following the 2025 annual general meeting, with KPMG recommended as the new auditor. This change aims to enhance the independence of audit services and is considered beneficial for the company and its shareholders. The decision follows a thorough assessment of KPMG’s capabilities, industry knowledge, and independence, ensuring they are well-suited to provide high-quality audit services.

More about CITIC Resources Holdings

YTD Price Performance: -6.25%

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $353.8M

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