Pu’er Lancang Ancient Tea Hires Independent Investigator After Account Freezes

Pu’er Lancang Ancient Tea Co., Ltd. ( (HK:6911) ) just unveiled an update.

Pu’er Lancang Ancient Tea Co., Ltd. has proposed appointing Peng Sheng Certified Public Accountants as an independent third-party institution to investigate an inventory shortfall at a subsidiary, the freezing of certain group bank accounts, related litigation and arbitration, and to conduct an internal control review. The mandate aims to identify internal control deficiencies, determine accountable parties, and address key audit areas for the company’s 2025 annual report, with Pengsheng selected for its cross-border regulatory expertise, experience in investigating listed-company irregularities, and ability to deploy a dedicated, multi-location team to handle the complex, multi-regional probe.

The engagement of Pengsheng underscores the company’s attempt to strengthen governance and risk management after the disputes that led to frozen accounts and inventory issues. For investors and other stakeholders, the investigation’s findings are likely to influence assessments of the group’s financial integrity, operational controls, and its standing with regulators and auditors ahead of the 2025 audit process.

The most recent analyst rating on (HK:6911) stock is a Hold with a HK$2.50 price target. To see the full list of analyst forecasts on Pu’er Lancang Ancient Tea Co., Ltd. stock, see the HK:6911 Stock Forecast page.

More about Pu’er Lancang Ancient Tea Co., Ltd.

Pu’er Lancang Ancient Tea Co., Ltd. is a Chinese joint stock company listed in Hong Kong that operates in the tea industry. The group focuses on producing and selling Pu’er and related ancient teas, positioning itself in both the domestic PRC market and international capital markets through its H-share listing.

Average Trading Volume: 9,407

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$141.5M

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