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The latest update is out from Radiance Holdings (Group) Company Limited ( (HK:9993) ).
Radiance Holdings (Group) Company Limited has announced that Ernst & Young will retire as its auditor following the conclusion of the upcoming annual general meeting, after the firm decided not to seek reappointment due to considerations such as audit fees and internal resource allocation. While Ernst & Young previously issued no opinion on the group’s 2025 consolidated financial statements because of insufficient evidence regarding going concern assumptions, both the board and the audit committee stressed there is no disagreement or other matters requiring shareholder attention, and the company plans to appoint a new auditor in accordance with listing requirements.
The departure of a Big Four auditor, especially following a year in which it was unable to opine on the accounts over going-concern doubts, may raise investor questions about Radiance Holdings’ financial robustness and risk profile. Management’s assurance of an orderly search for a replacement audit firm and its expression of gratitude to Ernst & Young are aimed at containing governance concerns, but the eventual choice of new auditor and any future audit opinions will be closely watched by shareholders and creditors.
More about Radiance Holdings (Group) Company Limited
Radiance Holdings (Group) Company Limited, incorporated in the Cayman Islands and listed in Hong Kong under stock code 9993, operates within the broader Chinese property and investment sector. The company is governed by a board comprising executive and independent non-executive directors, reflecting a typical Hong Kong-listed corporate governance structure aimed at oversight and compliance with local listing rules.
Average Trading Volume: 9,328,333
Technical Sentiment Signal: Sell
Current Market Cap: HK$4.25B
Learn more about 9993 stock on TipRanks’ Stock Analysis page.