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The latest announcement is out from Emperor International Holdings Limited ( (HK:0163) ).
Emperor International Holdings Limited has replaced Deloitte as its auditor, appointing Grant Thornton (GT) after a dispute over audit fees for the year ended 31 March 2026. The company considered Deloitte’s proposed HK$4.5 million fee excessive given changes in its business scope and instead chose GT, which offered to perform the audit for HK$2.8 million.
According to the audit committee, GT’s lower quotation reflects commercial differences rather than any reduction in audit scope or quality. The committee noted that audit plans, staffing levels and risk‑based approaches of Deloitte and GT are broadly comparable, and that the group’s operations and risk profile have remained stable without complex new transactions.
GT’s proposed fee is allocated mainly to the leasing of properties segment, with the remainder to property development, and the engagement will be handled by a team of at least 15 members over more than 3,500 audit hours. The move aligns with the group’s cost‑effectiveness measures and is presented as a fee‑rationalisation step rather than a change driven by operational or governance concerns.
More about Emperor International Holdings Limited
Emperor International Holdings Limited is a Hong Kong‑listed investment holding company engaged primarily in property leasing and property development. Its portfolio and operations are focused on real estate assets, with business segments including leasing of properties and property development activities in its key markets.
Average Trading Volume: 578,505
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$1.03B
Learn more about 0163 stock on TipRanks’ Stock Analysis page.