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Jinhui Shipping and Transportation Ltd Announces Proposed Change of Auditor


Tuesday, 19 Mar 2013 07:07am EDT 

Jinhui Shipping and Transportation Ltd announced that Grant Thornton (formerly known as Grant Thornton Jingdu Tianhua) shall retire as the auditor of the Company with effect from the conclusion of the forthcoming annual general meeting (AGM) of the Company to be held on May 7, 2013 and shall not seek re-appointment. On March 14, 2013, the Board was informed by the retiring auditor, Grant Thornton, that following their practice reorganization, Grant Thornton Hong Kong Limited has been incorporated to take up the existing practice of Grant Thornton. Therefore, Grant Thornton shall retire at the AGM and shall not seek re-appointment. Since the Board considers that Grant Thornton has merely changed its entity status from partnership to a limited company and it is in the interests of the Company and its shareholders as a whole to continue to use the professional services provided by Grant Thornton, an ordinary resolution for the appointment of Grant Thornton Hong Kong Limited as the auditor of the Company will be proposed at the AGM, subject to shareholders' approval. 

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