tiprankstipranks
Advertisement
Advertisement

GOME Retail Moves to Modernise Bye-Laws and Replace Auditor

Story Highlights
  • GOME Retail will update its bye-laws to enable virtual meetings and electronic share transfers.
  • The company plans to replace KTC with CCTH as auditor after a fee dispute and review.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
GOME Retail Moves to Modernise Bye-Laws and Replace Auditor

Meet Samuel – Your Personal Investing Prophet

GOME Retail Holdings ( (HK:0493) ) has issued an update.

GOME Retail Holdings plans to overhaul its corporate bye-laws to allow hybrid and virtual shareholder meetings, align with the Hong Kong treasury share regime, and prepare for an uncertificated securities market where shares can be held and transferred electronically. The amended and restated bye-laws will replace the existing framework, subject to shareholder approval at the June 2026 annual general meeting.

The company also intends to change its auditor after failing to agree audit fees with incumbent KTC Partners CPA, proposing CCTH CPA as replacement from the close of the AGM. The audit committee cited CCTH’s listed-company experience, industry knowledge, independence, resource strength and compliance with Hong Kong regulatory guidance as key reasons for the recommendation.

More about GOME Retail Holdings

GOME Retail Holdings Limited is a Hong Kong-listed company incorporated in Bermuda that operates in the retail sector, focusing on consumer electronics and related products for the mainland China market. The group runs an extensive sales network supported by online and offline channels, competing with other large-format electronics and home appliance retailers in the region.

YTD Price Performance: -13.33%

Average Trading Volume: 39,550,322

Technical Sentiment Signal: Sell

Current Market Cap: HK$941.4M

See more data about 0493 stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1