HK-listed developer Hopson jumps as co appoints Ernst & Young as auditor

Hopson Development Holdings

31/01/2022 03:06

** Shares of Hopson Development Holdings  0754.HK  jump 
10.8% to HK$15, their biggest daily percentage gain since Feb
16, 2021
    ** Stock of the Chinese property developer on track to snap
four consecutive session of losses; biggest percentage gainer in
Hang Seng Composite Index  .HSCIPC , which tracks on properties
and construction stocks 
    ** Hopson proposes appointment of Ernst & Young (EY) as its
new auditor following the resignation of PricewaterhouseCoopers
(PwC)  urn:newsml:reuters.com:*:nFWN2U81S8
    ** Shares of Hopson plunged on Friday after PwC resigned as
auditor after citing it had not obtained information on matters
including property projects and valuation of investment
properties, from management to complete the necessary audit
procedures  urn:newsml:reuters.com:*:nL1N2U804E
    ** Hang Seng Mainland Properties Index  .HSMPI  climbs 0.9%
and the  .HSCIPC  index gains 0.6%
    ** The Hang Seng China Enterprises Index  .HSCE  gains 1.5%
while the benchmark Hang Seng Index  .HSI  rises 0.9%


 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))