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An announcement from Mediwelcome Healthcare Management & Technology Inc. ( (HK:2159) ) is now available.
Mediwelcome Healthcare Management & Technology Inc. has issued a supplemental announcement clarifying the circumstances around the resignation of its auditor, Moore CPA Limited, following an earlier decision to change auditors due to audit fees deemed inconsistent with the group’s budget amid efforts to cut operating costs in a tough business climate. The company explained that Moore’s resignation cited lack of agreement on audit fees, professional risk, and internal resource constraints, and clarified that the term “professional risk” was a generic reference covering standard audit engagement risks rather than any specific issue with the company, with the board reiterating that accepting Moore’s resignation is considered in the best interests of both the company and its shareholders.
The most recent analyst rating on (HK:2159) stock is a Sell with a HK$1.00 price target. To see the full list of analyst forecasts on Mediwelcome Healthcare Management & Technology Inc. stock, see the HK:2159 Stock Forecast page.
More about Mediwelcome Healthcare Management & Technology Inc.
Mediwelcome Healthcare Management & Technology Inc., incorporated in the Cayman Islands and listed in Hong Kong, operates in the healthcare management and technology sector, providing services and solutions to medical institutions and patients in a challenging operating environment that has prompted a focus on controlling operating expenses.
Average Trading Volume: 211,207
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$361.2M
See more data about 2159 stock on TipRanks’ Stock Analysis page.