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Huajin International Holdings Ltd. ( (HK:2738) ) has shared an update.
Huajin International Holdings has replaced long-time auditor Deloitte Touche Tohmatsu with KTC Partners CPA for its 2025 financial year audit after failing to reach agreement on Deloitte’s proposed fee increase. The change followed extensive evaluation by the audit committee and board, and was carried out in compliance with Hong Kong listing rules and the company’s articles of association.
In response to inquiries from the Hong Kong Stock Exchange about the size of the fee change, audit quality and KTC’s capabilities, Huajin disclosed that KTC’s RMB 1.6 million fee was set using independent professional judgment and is intended to fully cover the audit scope for both its steel and terminal businesses, including specialized port procedures, expanded asset impairment testing and enhanced work on liquidity and going-concern. The company has completed its 2025 audit under KTC and released audited annual results on 31 March 2026, aiming to reassure investors and regulators over audit quality despite the switch.
More about Huajin International Holdings Ltd.
Huajin International Holdings Ltd., incorporated in the Cayman Islands and listed in Hong Kong, operates a steel products business and a newer terminal and port‑related services segment. The group has been undergoing business transformation and faces operational challenges related to performance, liquidity and going-concern, which heighten the complexity and risk profile of its audits.
Average Trading Volume: 109,466
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$93M
Learn more about 2738 stock on TipRanks’ Stock Analysis page.