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Shanghai Industrial Urban Development Group Ltd ( (HK:0563) ) has issued an update.
Shanghai Industrial Urban Development Group Ltd has announced a change in its auditing firm due to regulatory requirements mandating auditor rotation. Deloitte Touche Tohmatsu has resigned, and Ernst & Young has been appointed as the new auditor. The decision to change auditors is not expected to impact the company’s financial audit for the year ending December 2025. The board expressed gratitude to Deloitte for its services and emphasized that the change is in the best interest of the company and its shareholders.
The most recent analyst rating on (HK:0563) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Shanghai Industrial Urban Development Group Ltd stock, see the HK:0563 Stock Forecast page.
More about Shanghai Industrial Urban Development Group Ltd
Shanghai Industrial Urban Development Group Ltd operates in the real estate industry, focusing on urban development projects. The company is involved in the development, sale, and management of residential and commercial properties, primarily targeting markets in China.
Average Trading Volume: 3,037,315
Technical Sentiment Signal: Sell
Current Market Cap: HK$1.6B
For a thorough assessment of 0563 stock, go to TipRanks’ Stock Analysis page.