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Greentown China Holdings ( (HK:3900) ) just unveiled an update.
Greentown China Holdings plans to replace Ernst & Young as its auditor after the upcoming annual general meeting on 29 June 2026, ending a five-year engagement. The board, following a recommendation from a substantial shareholder and its audit committee, views auditor rotation as good corporate governance and has proposed appointing KPMG as the new auditor.
The audit committee evaluated KPMG on reputation, independence, resources, technical competence, and alignment with regulatory guidelines before deeming it eligible and suitable. The company and Ernst & Young report no disagreements or issues linked to the change, indicating the transition should have no material impact on the group and is intended to serve the best interests of shareholders.
The most recent analyst rating on (HK:3900) stock is a Sell with a HK$8.55 price target. To see the full list of analyst forecasts on Greentown China Holdings stock, see the HK:3900 Stock Forecast page.
More about Greentown China Holdings
Greentown China Holdings Limited is a Hong Kong-listed property developer incorporated in the Cayman Islands, with operations conducted through its subsidiaries in mainland China. The group focuses on real estate development and related businesses, positioning itself within the Chinese property sector and serving a broad base of shareholders in the Hong Kong capital market.
YTD Price Performance: 23.26%
Average Trading Volume: 10,793,813
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$26.51B
See more insights into 3900 stock on TipRanks’ Stock Analysis page.