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The latest announcement is out from Infinity Logistics and Transport Ventures Limited ( (HK:1442) ).
Infinity Logistics and Transport Ventures Limited has clarified the circumstances surrounding the appointment of Nexia as its new auditor, following the resignation of Kreston Malaysia. The previous auditor lost its Hong Kong Institute of Certified Public Accountants-qualified partner and key team members, prompting its intention to resign for the financial year ending 31 December 2025.
After two other audit firms declined due to resource constraints, the company engaged with Nexia, where the former engagement partner of Kreston Malaysia was set to join, and assessed Nexia’s capacity, independence and audit experience. The audit committee then recommended Nexia to the board, and the company secured a no-objection from the Stock Exchange and approval-in-principle from the AFRC before formally confirming Nexia’s appointment, aiming to ensure continuity and efficiency in its audit process.
More about Infinity Logistics and Transport Ventures Limited
Infinity Logistics and Transport Ventures Limited is a Hong Kong-listed company incorporated in the Cayman Islands, operating in the logistics and transport sector. The group focuses on providing logistics, transportation and related services to customers across regional and international markets, leveraging compliance with Hong Kong listing and auditing standards to support its capital market presence.
Average Trading Volume: 192,142
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$526.3M
For detailed information about 1442 stock, go to TipRanks’ Stock Analysis page.