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The latest announcement is out from Rizhao Port Jurong Co. Ltd. Class H ( (HK:6117) ).
Rizhao Port Jurong Co., Ltd. plans to change its auditor because, as a subsidiary of state-owned Rizhao Port Co., Ltd., it must comply with Chinese regulations limiting the years an accounting firm can continuously serve state-owned enterprises. Grant Thornton Hong Kong Limited will therefore retire as auditor at the conclusion of the company’s annual general meeting on 20 May 2026, with both parties confirming there are no disagreements or issues requiring shareholder attention.
Following this, the company intends to adopt China Accounting Standards for Business Enterprises from the 2026 financial year and has proposed appointing Pan-China Certified Public Accountants LLP as its new auditor, subject to shareholder approval. The audit committee selected Pan-China after assessing its listed-company experience, familiarity with Hong Kong Listing Rules and CASBE, resource capabilities, independence, fee proposal, and alignment with guidance from the Accounting and Financial Reporting Council on auditor selection and change, signaling a shift toward greater alignment with Mainland accounting and auditing practices.
The most recent analyst rating on (HK:6117) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Rizhao Port Jurong Co. Ltd. Class H stock, see the HK:6117 Stock Forecast page.
More about Rizhao Port Jurong Co. Ltd. Class H
Rizhao Port Jurong Co., Ltd. is a Hong Kong–listed joint stock company incorporated in Mainland China and a subsidiary of state-owned Rizhao Port Co., Ltd. The company operates in the port and logistics sector, serving as part of a larger state-owned port group, and prepares financial statements under regulatory frameworks applicable to Mainland-incorporated issuers listed in Hong Kong.
Average Trading Volume: 142,914
Technical Sentiment Signal: Buy
Current Market Cap: HK$1.13B
See more insights into 6117 stock on TipRanks’ Stock Analysis page.