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Guangdong Investment ( (HK:0270) ) has issued an update.
Guangdong Investment plans to rotate its external auditor as part of its corporate governance practices, with KPMG set to retire at the upcoming annual general meeting after serving as the company’s auditor since June 2022. The board noted there were no disagreements or reportable matters associated with KPMG’s departure and expressed appreciation for the firm’s past services.
Following a selection process and on the recommendation of the audit committee, the board has resolved to propose Deloitte Touche Tohmatsu as the new auditor, subject to shareholder approval at the AGM. The committee cited Deloitte’s audit proposal, fees, industry experience, independence, reputation, and resources as reasons it considers the firm suitable, and a circular detailing the proposed change will be sent to shareholders in due course.
The most recent analyst rating on (HK:0270) stock is a Hold with a HK$8.00 price target. To see the full list of analyst forecasts on Guangdong Investment stock, see the HK:0270 Stock Forecast page.
More about Guangdong Investment
Guangdong Investment Limited is a Hong Kong–incorporated company listed on the Stock Exchange of Hong Kong. The group operates through multiple subsidiaries and is overseen by a board comprising executive, non-executive and independent non-executive directors, reflecting a conventional listed-company governance structure and adherence to local regulatory requirements.
YTD Price Performance: 11.05%
Average Trading Volume: 10,791,127
Technical Sentiment Signal: Buy
Current Market Cap: HK$49.3B
See more insights into 0270 stock on TipRanks’ Stock Analysis page.