Birmingham appoints new auditors as old ones quit

Birmingham International Holdings Limited has announced that the company will appoint new auditors, following previous auditors KTC Partners CPA Limited declining to continue serving the company for the year ended June 30.
The company filed with the Hong Kong Stock Exchange yesterday that it had received a non-acceptance of engagement from KTC in January, after the shareholders of the company had resolved to appoint KTC as auditors for the company in a general meeting on January 6.
‘In the Notice, KTC stated that after they took into account many factors including the professional risks associated with the audit, the Company was informed that KTC did not accept the proposed appointment as auditors of the Company,’ Birmingham wrote.
Zhonghui ANDA CPA Limited will be appointed by Birmingham’s receiver Ernst & Young as the new auditors to replace KTC, the Hong Kong-listed company said.
Birmingham registered a net loss of HK$156 million for the year ended June 30 2014. Last month, the company’s board underwent a major reshuffle, in which seven directors resigned, including Chairman Cheung Shing and Vice-Chairman Ma Shui Cheong.
K.L.