Shenwan Hongyuan (HKG:0218) stock plummeted 5% on Tuesday, underperforming the broader Hong Kong market.
The sell-off came after the company announced that KPMG has resigned as its auditor effective Tuesday. Shenwan Hongyuan proposed to appoint Deloitte Touche Tohmatsu as its new auditor, subject to shareholder approval.
An auditor change, especially an abrupt resignation, can raise concerns among investors about potential accounting issues or lack of transparency at the company. The market reaction suggests investors are taking a cautious stance until more clarity emerges on the reasons behind the auditor switch.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。