Baozun (HKG:9991) appointed KPMG as its new auditor to succeed Deloitte Touche Tohmatsu, according to a Friday filing with the Hong Kong Exchange.
The e-commerce service provider cited its inability to agree on auditor fees with Deloitte as the reason for getting a new auditor.
KPMG will hold office until Baozun's next annual general meeting.
The stock closed 4% lower on Friday.
Price (HKD): $6.73, Change: $-0.30, Percent Change: -4.27%
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