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MECOM Power & Construction Ltd. ( (HK:1183) ) has provided an announcement.
MECOM Power and Construction Limited announced that Deloitte Touche Tohmatsu will retire as its auditor after the upcoming annual general meeting, following an inability to agree on audit fees for the 2026 financial year amid an anticipated expansion in audit scope. The board and audit committee stressed there were no disagreements or unresolved matters with Deloitte, and they do not expect the retirement to materially affect the timing or quality of the group’s 2026 annual audit and results.
The company plans to appoint OOP CPA & Co. as its new auditor, subject to shareholder approval at the AGM, to fill the vacancy left by Deloitte’s retirement. MECOM’s audit committee cited OOP’s experience with Hong Kong-listed companies, independence, resources and an audit fee aligned with the group’s scale, arguing the change will maintain audit quality and serve the interests of both the company and its shareholders.
More about MECOM Power & Construction Ltd.
MECOM Power and Construction Limited is a Hong Kong-listed engineering and construction group operating through subsidiaries, with a focus on power-related and infrastructure projects. The company serves markets requiring large-scale construction and technical services, and its expanding business is driving a broader audit scope and more complex financial reporting needs.
Average Trading Volume: 1,211,644
Technical Sentiment Signal: Sell
Current Market Cap: HK$636.9M
For detailed information about 1183 stock, go to TipRanks’ Stock Analysis page.