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Sheen Tai Holdings Replaces RSM With HLB as Auditor to Cut Costs

Story Highlights
  • Sheen Tai Holdings’ auditor RSM Hong Kong resigned over a fee dispute for the 2025 audit.
  • The company appointed HLB Hodgson Impey Cheng as new auditor to improve cost control and support future growth.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sheen Tai Holdings Replaces RSM With HLB as Auditor to Cut Costs

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The latest announcement is out from Sheen Tai Holdings Group Co. Ltd. ( (HK:1335) ).

Sheen Tai Holdings Group Company Limited has announced a change of auditor, with RSM Hong Kong resigning effective 30 December 2025 after the two parties failed to agree on the audit fee for the financial year ending 31 December 2025. The board and audit committee stressed that there were no other disagreements or unresolved issues with RSM, that no audit work for 2025 had commenced, and that the change is not expected to affect the audit of the group’s consolidated financial statements. In RSM’s place, the company has appointed HLB Hodgson Impey Cheng Limited as its new auditor until the next annual general meeting, citing HLB’s experience with listed companies, independence, resource capacity and a fee structure that supports the group’s cost-control objectives. The company believes the new appointment will help reduce operating expenses and better support its future business development, positioning the move as being in the interests of shareholders as a whole.

More about Sheen Tai Holdings Group Co. Ltd.

Sheen Tai Holdings Group Company Limited is a Hong Kong-listed company incorporated in the Cayman Islands, operating through a group structure with various subsidiaries. It is governed by a board comprising executive and independent non-executive directors, and is subject to the Listing Rules of the Hong Kong Stock Exchange, including oversight by an audit committee on financial reporting and auditor matters.

Average Trading Volume: 401,347

Technical Sentiment Signal: Buy

Current Market Cap: HK$340.8M

For a thorough assessment of 1335 stock, go to TipRanks’ Stock Analysis page.

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