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The latest update is out from Honliv Healthcare Management Group Co Ltd ( (HK:9906) ).
Honliv Healthcare Management Group has disclosed further details surrounding the resignation of its former auditor PricewaterhouseCoopers, which identified that a RMB63 million bank loan obtained in March 2025 by subsidiary Henan Honliv Hospital was not recorded in the hospital’s accounting ledgers, nor were subsequent related fund transfers. The company has clarified that the description of the loan’s purpose reflects only PwC’s account and is now under independent investigation, with the newly appointed auditor HLB Hodgson Impey Cheng Limited informed of the matter and fieldwork on the probe expected to be completed in about three weeks, a process that could have implications for internal controls, financial reporting reliability and investor confidence.
The investigation covers the flow of funds tied to the unrecorded loan, commercial documentation regarding an alleged prepayment to a medical equipment company, background checks on relevant counterparties and personnel interviews, alongside a review of the design and effectiveness of Honliv’s internal control procedures. Outcomes of this review and any subsequent remedial measures will be watched closely by stakeholders as they may affect the timing and integrity of the company’s annual results and its governance standing in the Hong Kong market.
More about Honliv Healthcare Management Group Co Ltd
Honliv Healthcare Management Group Company Limited is a Cayman Islands-incorporated healthcare group listed in Hong Kong that operates hospitals and related medical services through subsidiaries such as Henan Honliv Hospital Co., Ltd. The group focuses on providing clinical care and healthcare management services in mainland China, positioning itself within the private hospital and medical services sector.
Average Trading Volume: 22,666
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$936M
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