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Feishang Anthracite Resources ( (HK:1738) ) just unveiled an update.
Feishang Anthracite Resources will see its long‑time auditor Ernst & Young retire at the annual general meeting scheduled for 26 June 2026 after the parties failed to agree on the audit fee for the 2026 financial year. The coal producer stressed there was no disagreement with EY over the change, although EY had previously issued a disclaimer of opinion on the group’s 2025 going‑concern basis.
Following an open tender process that weighed fee proposals, industry experience, technical competence, independence and compliance with Hong Kong audit guidelines, the board plans to appoint CCTH CPA Limited as the new auditor subject to shareholder approval at the AGM. The move signals an effort by Feishang Anthracite Resources to balance audit costs with regulatory expectations while reassuring shareholders and creditors that the transition will not disrupt oversight of its financial reporting.
More about Feishang Anthracite Resources
Feishang Anthracite Resources Limited is a Hong Kong-listed company incorporated in the British Virgin Islands, operating through subsidiaries and focused on the anthracite coal sector. The group targets the Hong Kong capital market, preparing its consolidated financial statements under Hong Kong Financial Reporting Standards and complying with the Listing Rules of the Stock Exchange of Hong Kong.
Average Trading Volume: 1,020,045
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$117.3M
Learn more about 1738 stock on TipRanks’ Stock Analysis page.