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Lufax Proposes Auditor Change Amid Ongoing Investigation

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Lufax Proposes Auditor Change Amid Ongoing Investigation

An announcement from Lufax Holding Ltd Class A ( (HK:6623) ) is now available.

Lufax Holding Ltd announced a proposal to remove PricewaterhouseCoopers and PricewaterhouseCoopers Zhong Tian LLP as their auditors, subject to approval at an extraordinary general meeting. This decision follows PwC’s concerns regarding possible related party transactions and the independence of the Audit Committee’s investigation into these matters. The change in auditors may lead to delays in the publication of the company’s 2024 annual results, impacting its financial reporting obligations in Hong Kong and the United States.

More about Lufax Holding Ltd Class A

YTD Price Performance: 12.11%

Average Trading Volume: 67,932

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: HK$19.1B

Find detailed analytics on 6623 stock on TipRanks’ Stock Analysis page.

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