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The latest update is out from HK Asia Holdings Limited ( (HK:1723) ).
Moon Inc. has detailed the circumstances surrounding its recent change of auditor, prompted by plans to expand into prepaid bitcoin cards and a broader operational scale across selected Asian markets. Management began engaging with its then-auditor HLB in late 2025 on the FY2026 audit work plan, fee levels, and the increased audit requirements arising from crypto and blockchain-related activities.
During this process, the audit committee invited alternative firms to submit proposals, ultimately comparing HLB’s significantly higher quoted fee with that of Moore, which was slightly lower and viewed as cost-effective. After failing to reach consensus with HLB on audit fees, and having assessed Moore’s capability to handle crypto and blockchain-related assets, the board accepted HLB’s resignation and approved Moore’s appointment as auditor, citing overall cost control and suitability as being in the company’s best interests.
More about HK Asia Holdings Limited
Moon Inc., incorporated in the Cayman Islands and listed in Hong Kong, operates through subsidiaries with a focus on prepaid telecom and digital asset-related products. The Group is expanding into pre-paid bitcoin cards and related crypto and blockchain-linked services, targeting selected Asian markets via partnerships with established local distributors.
Average Trading Volume: 315,750
Technical Sentiment Signal: Sell
Current Market Cap: HK$454.4M
See more data about 1723 stock on TipRanks’ Stock Analysis page.