Wing Lee Development Construction Replaces PwC With Linksfield as Auditor to Cut Costs

Wing Lee Development Construction Holdings Limited ( (HK:9639) ) has provided an update.

Wing Lee Development Construction Holdings Limited has announced the resignation of PricewaterhouseCoopers as its auditor, effective 30 January 2026, after the two parties failed to agree on the audit fee for the financial year ending 31 March 2026. The board and audit committee emphasized there was no disagreement with PwC and no other matters requiring shareholder attention, and noted that PwC had not yet started audit work for the year, so the change is not expected to materially affect the upcoming audit. Citing more competitive fee proposals from other firms with suitable experience and resources, the company has appointed Linksfield CPA Limited as its new auditor until the next annual general meeting, aiming to enhance cost-effectiveness and reduce operating expenses while maintaining audit quality, following relevant guidelines issued by the Accounting and Financial Reporting Council.

The most recent analyst rating on (HK:9639) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Wing Lee Development Construction Holdings Limited stock, see the HK:9639 Stock Forecast page.

More about Wing Lee Development Construction Holdings Limited

Wing Lee Development Construction Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands, operating through its subsidiaries in the construction and development sector. The group focuses on project execution within the local market, where cost management and compliance with Hong Kong listing and audit standards are central to its operations.

Average Trading Volume: 1,211,163

Technical Sentiment Signal: Buy

Current Market Cap: HK$1.14B

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