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An update from Huajin International Holdings Ltd. ( (HK:2738) ) is now available.
Huajin International Holdings has detailed the process behind its decision to replace Deloitte as group auditor with KTC, citing a thorough review by its audit committee and board that complied with Hong Kong listing rules and its own articles. The company’s move follows operational changes, including a new port terminal business and mounting losses, which drove a more complex audit scope and a contentious fee negotiation.
After Deloitte proposed a 50% increase in the 2025 audit fee and no consensus could be reached, the board launched a market search, ultimately selecting KTC as offering acceptable fees and adequate resources for the enlarged audit workload. Deloitte resigned on 29 December 2025, confirmed no matters requiring shareholder attention, and granted professional clearance the same day, with Huajin asserting that the switch safeguards audit quality and shareholder interests while meeting regulatory expectations.
The company also disclosed, in line with audit governance guidelines, that it had reviewed the detailed audit fee structures and approaches proposed by Deloitte and KTC before approving KTC’s engagement. This transparency on audit costs and plans is aimed at reinforcing confidence in Huajin’s financial oversight during a period of operational transition and financial strain.
The most recent analyst rating on (HK:2738) stock is a Hold with a HK$0.25 price target. To see the full list of analyst forecasts on Huajin International Holdings Ltd. stock, see the HK:2738 Stock Forecast page.
More about Huajin International Holdings Ltd.
Huajin International Holdings Ltd., incorporated in the Cayman Islands and listed in Hong Kong, operates through a group structure and has recently expanded into a port terminal business. The company has undergone operational transformation and is currently managing mid-term operating losses and liquidity pressures, which are shaping its audit and financial reporting needs.
Average Trading Volume: 248,161
Technical Sentiment Signal: Sell
Current Market Cap: HK$162M
Find detailed analytics on 2738 stock on TipRanks’ Stock Analysis page.