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Hopson Development Holdings Limited ( (HK:0754) ) has shared an announcement.
Hopson Development Holdings has proposed terminating Ernst & Young as its auditor and appointing Crowe (HK) CPA Limited to fill the resulting vacancy, subject to shareholder approval at a special general meeting. The new auditor would serve until the conclusion of the company’s next annual general meeting, marking a significant shift in its external audit arrangements.
The move follows delays in finalizing the audit of the group’s 2025 financial statements, which have already led to a suspension in trading of the company’s shares pending publication of the annual results. Ernst & Young noted that it has not yet received sufficient evidence to support management’s going concern assessment for the group, raising concerns that the existing audit relationship could not be completed on a clear timetable and prompting the board and audit committee to seek a replacement in what they describe as the best interests of shareholders.
More about Hopson Development Holdings Limited
Hopson Development Holdings Limited is a Hong Kong-listed property developer incorporated in Bermuda, operating through subsidiaries as a real estate group. The company focuses on developing, investing in and managing residential and commercial properties, serving investors and homeowners in the Greater China property market.
Average Trading Volume: 3,301,154
Technical Sentiment Signal: Sell
Current Market Cap: HK$10.01B
Learn more about 0754 stock on TipRanks’ Stock Analysis page.