Pujiang International Group Limited (HK:2060) has released an update.
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Pujiang International Group Limited announced the resignation of their auditor, BDO Limited, due to disagreements over an additional audit fee related to unresolved financial matters from 2023. The company had previously disclosed issues surrounding cross-guarantee arrangements, potential impacts of legal proceedings, and outstanding loans and receivables, prompting the formation of an Independent Board Committee (IBC) and the initiation of an Independent Investigation by Alvarez & Marsal Consulting.
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