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The latest update is out from Microware Group Ltd. ( (HK:1985) ).
Microware Group Limited has announced a change of auditor after failing to reach agreement with Deloitte Touche Tohmatsu on audit fees for the year ending 31 March 2026, citing additional audit work arising from its business expansion in the mainland China market and newly acquired investments. Deloitte confirmed there were no other matters requiring shareholder attention, and the board and audit committee likewise reported no disagreements beyond fees.
After reviewing proposals from several firms, the board, on the audit committee’s recommendation, chose HLB Hodgson Impey Cheng Limited as the new auditor, pointing to its competitive pricing together with relevant industry experience and resources. Microware expects the switch to enhance cost-effectiveness and lower operating expenses without affecting audit quality or delaying the release of its 2026 annual results, as Deloitte had not yet commenced audit work.
The most recent analyst rating on (HK:1985) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Microware Group Ltd. stock, see the HK:1985 Stock Forecast page.
More about Microware Group Ltd.
Microware Group Limited is a Hong Kong-listed company incorporated in the Cayman Islands, operating through its subsidiaries as a technology and IT solutions provider. The group has been expanding its business in mainland China and has recently added an associate and financial assets, indicating a broader regional footprint and more complex financial reporting requirements.
Average Trading Volume: 327,213
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$408M
See more data about 1985 stock on TipRanks’ Stock Analysis page.