Major Holdings Appoints RCHK Auditor Despite Regulatory Reprimand

Reuters
Jan 19
Major Holdings Appoints RCHK Auditor Despite Regulatory Reprimand

Major Holdings Ltd. announced a change of auditor despite a recent disciplinary action involving its newly appointed audit firm, RCHK. On 6 January 2026, the Accounting and Financial Reporting Council publicly reprimanded and fined RCHK and two of its CPAs over HK$1.18 million for contravening registration and notification requirements. The company stated that these were administrative compliance matters unrelated to RCHK's audit quality or competence. Major Holdings Ltd. emphasized that the appointment aims to enhance cost control and support future business development.

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