C Cheng Holdings Ltd. Changes Auditor Over Audit Fee Dispute with Ernst & Young
Reuters
Jul 15
C Cheng Holdings Ltd. Changes Auditor Over Audit Fee Dispute with Ernst & Young
C Cheng Holdings Ltd. has announced a change in its auditor, citing cost-effectiveness and audit quality as key factors. The company has accepted the resignation of Ernst & Young (EY) effective 15 July 2025, due to disagreements over audit fees related to increased work from a major acquisition and rights issue. ZHONGHUI ANDA CPA Limited has been appointed as the new auditor to fill the vacancy and will serve until the next annual general meeting. The Board expressed gratitude to EY for their past services and welcomed ZHONGHUI, highlighting their industry experience and technical competence.
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