Moon Inc. Replaces Auditor Amid Expanding Business and Audit Scope

HK Asia Holdings Limited ( (HK:1723) ) has provided an update.

Moon Inc. has announced the resignation of its auditor HLB Hodgson Impey Cheng, effective 4 March 2026, after the two parties failed to agree on audit fees for the year ending 31 March 2026 amid an anticipated expansion in audit scope linked to the company’s business growth plans. Both the board and HLB stated there were no other disagreements or matters to bring to shareholders’ attention, and as HLB had not begun audit work for the current year, the company expects no significant impact on the timing or conduct of its annual audit.

The board has appointed Moore CPA Limited as the new auditor, following a recommendation from the audit committee, to serve until the next annual general meeting. The committee cited Moore’s experience with Hong Kong-listed companies, independence, resourcing and proposed fees as key factors, concluding that the change will help maintain audit quality while improving cost control and better supporting Moon Inc.’s future business development, which it considers in the best interests of shareholders.

The most recent analyst rating on (HK:1723) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on HK Asia Holdings Limited stock, see the HK:1723 Stock Forecast page.

More about HK Asia Holdings Limited

Moon Inc., incorporated in the Cayman Islands and listed in Hong Kong, operates through a group structure focused on expanding its business activities. The company is subject to Hong Kong listing regulations and maintains a formal audit and governance framework overseen by its board and audit committee.

Average Trading Volume: 471,063

Technical Sentiment Signal: Sell

Current Market Cap: HK$559.6M

For a thorough assessment of 1723 stock, go to TipRanks’ Stock Analysis page.