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Zhongliang Holdings Appoints New Auditor After Ernst & Young Resigns
Hong Kong stocks anomaly | Mainland real estate stocks surged and then fell back, ronshinechina (03301) dropped more than 5%, zhongliang hldg (02772) dropped more than 3%.
Mainland real estate stocks surged and then fell back. As of the time of writing, ronshinechina (03301) is down 5.05%, trading at 0.47 HKD; zhongliang hldg (02772) is down 3.68%, trading at 0.131 HKD; shimao group (00813) is down 2.5%, trading at 1.17 HKD.
Zhongliang hldg (02772.HK) has appointed Zhonghui Anda as the auditor.
On November 15, Grong Hui announced that Zhongliang Holdings (02772.HK) has reached an agreement with Ernst & Young Accountants, the company's auditor. Ernst & Young has resigned as the company's auditor effective from November 15, 2024, due to the failure to reach an agreement with the company on audit fees for the fiscal year ending December 31, 2024. Upon the recommendation of the Audit Committee, the Board of Directors has resolved to appoint Zhonghui Anda Certified Public Accountants Co., Ltd. as the company's new auditor to fill the temporary vacancy left by Ernst & Young's resignation, effective from November 15, 2024, until the end of the next annual general meeting of the shareholders.
Hong Kong stocks fluctuate | Mainland real estate stocks all decline, with Daiwa pointing out that housing tax relief measures are expected to slightly help real estate sales, but sustained recovery is difficult to support.
Mainland real estate stocks opened high and fell during the morning session, all turning into declines. As of the time of writing, seazen (01030) fell by 3.6%, closing at 2.14 Hong Kong dollars; zhongliang hldg (02772) fell by 3.57%, closing at 0.135 Hong Kong dollars.
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