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Productive Technologies Proposes Change of Auditor to Enhance Independence

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Productive Technologies Proposes Change of Auditor to Enhance Independence

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An announcement from IDG Energy Investment Limited ( (HK:0650) ) is now available.

Productive Technologies Company Limited, a company incorporated in Bermuda and continued in the Cayman Islands, has announced a proposed change of its auditor. The board has decided not to re-appoint KPMG, which has served as the company’s auditor since 2016, in a move aimed at enhancing auditor independence and bringing new perspectives. The company plans to appoint Rongcheng (Hong Kong) CPA Limited as the new auditor, subject to shareholder approval at the upcoming annual general meeting. This decision aligns with the company’s commitment to maintaining high standards of corporate governance, transparency, and accountability, and is not expected to have any material impact on the group’s operations.

More about IDG Energy Investment Limited

Average Trading Volume: 1,622,824

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.5B

For an in-depth examination of 0650 stock, go to TipRanks’ Overview page.

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