HOPSON DEV HOLD (00754.HK): Appoints independent internal control consultant Deloitte, trading suspension continues
NewTimeSpace News: On 26 August 2026, Hopson Development Holdings Limited (stock code: 00754) announced that, as required by the Stock Exchange in the resumption guidance, the Company is required to engage an independent internal control consultant to conduct an independent internal control review and demonstrate that (a) the material deficiencies identified in connection with the trading suspension have been rectified and all necessary remedial measures have been properly implemented; and (b) the Company's internal controls are sufficient to effectively achieve their purposes and enable the Company to comply with the Listing Rules and other legal and regulatory requirements, including, without limitation, the financial reporting cycle.
The announcement stated that the audit committee has independently selected Deloitte Advisory (Hong Kong) Limited (Deloitte) as the independent internal control consultant. Factors considered in the assessment included: Deloitte is one of the Big Four accounting firms with extensive experience in conducting internal control reviews for Stock Exchange-listed companies and familiarity with the requirements under the Listing Rules; Deloitte is an independent third party not connected with the Company and its connected persons; the work team assigned includes at least five qualified accountants (members of the Hong Kong Institute of Certified Public Accountants, ACCA or CPA Australia), with one member possessing over 20 years of relevant experience in, among others, attestation, compliance, enterprise risk management, financial audit and/or internal control consulting, and one member with over 12 years of relevant experience in such areas; and Deloitte expects to complete the internal control review within approximately one and a half months (i.e. by the end of September 2026). The Company has engaged Deloitte on 26 August 2026 pursuant to the resumption guidance, and will publish further announcements on the progress and findings of the internal control review in due course.
At the Company's request, the shares have been suspended from trading on the Stock Exchange since 9:00 a.m. on 1 April 2026, pending the fulfillment of the resumption guidance, and will remain suspended until further notice.
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