China Housing & Land Announces MNP LLP as its Independent Auditor due to
Merger of Accounting Firms
XI'AN, China, June 6, 2013
XI'AN, China, June 6, 2013 /PRNewswire/ --China Housing & Land Development,
Inc. ("China Housing" or the "Company"; Nasdaq: CHLN) today announced that the
Company has engaged MNP LLP as its independent auditor.
China Housing was informed by its independent registered public accounting
firm, MSCM LLP, ("MSCM"), that it has combined certain of its practice with
MNP LLP effective June 1, 2013. As a result, MNP LLP became the Company's
independent registered public accounting firm. On June 3, 2013, the Company's
Board of Directors approved the appointment of MNP as MSCM's successor to
continue as the Company's independent registered public accountant for the
fiscal year ending 2013.
Mr. Pingji Lu, China Housing's Chairman, commented, "Our change in auditors
was purely driven by the merger between MNP and MSCM. We look forward to
working with MNP and do not expect this merger to result in any delays to our
quarterly and year-end reporting results for this year."
MNP is the 7th largest chartered accountancy and consulting firm in Canada.
Over the past 65 years, MNP has grown to almost 80 offices across Canada and
has a qualified team of more than 3,000 members. In addition to tax and
accounting expertise, MNP delivers a diverse range of advisory services,
including consulting, enterprise risk, corporate finance, valuation and
litigation support, succession planning, insolvency and restructuring,
investigative and forensic accounting, cross-border taxation and more.
MNP also serves numerous industries and specialty groups and understands the
specialized markets in which its clients operate.Servicing Chinese-related
clients is also niche MNP has developed.MNP provides clients with a large
national presence and access to hundreds of MNP experts and specialists, as
well as access to a global network of accounting firms and affiliations
through Praxity--the 8th largest international alliance of independent
About China Housing & Land Development, Inc.
Based in Xi'an, the capital city of China's Shaanxi province, China Housing &
Land Development, Inc., is a leading developer of residential and commercial
properties in northwest China. China Housing has been engaged in land
acquisition, development, and management, including the sales of residential
and commercial real estate properties through its wholly-owned subsidiary in
China, since 1992.
China Housing & Land Development is the first Chinese real estate development
company traded on NASDAQ. The Company's news releases, project information,
photographs, and more are available on the internet at www.chldinc.com.
This news release may contain forward-looking information about China Housing
& Land Development, Inc. which is covered under the safe harbor for
forward-looking statements provided by the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are statements that are not
historical facts. These statements can be identified by the use of forward-
looking terminology such as believe, expect, may, will, should, project, plan,
seek, intend, or anticipate or the negative thereof or comparable terminology,
and include discussions of strategy, and statements about industry trends and
China Housing & Land Development's future performance, operations, and
Such statements are subject to risks and uncertainties that could cause actual
results to differ materially from those projected. Actual performance results
may vary significantly from expectations and projections. Further information
regarding this and other risk factors are contained in China Housing's public
filings with the U.S. Securities and Exchange Commission.
All information provided in this news release and in any attachments is as of
the date of the release, and the companies do not undertake any obligation to
update any forward-looking statement as a result of new information, future
events or otherwise, except as required under law.
China Housing contacts
Mr. Cangsang Huang
Chief Financial Officer
Tel: +86 29.8258.2648 in Xi'an
Ms. Jing Lu
Chief Operating Officer, and Board Secretary
+86 29.8258.2639 in Xi'an
firstname.lastname@example.org/ English and Chinese
Mr. Shuai Luo, CFA
Head of Investor Relations
+86 29.8258.2632 in Xi'an
Laurentluo@chldinc.com / English and Chinese
Mr. Bill Zima, ICR
+86 10 6583 7511
China Housing Investor Relations Department
SOURCE China Housing & Land Development, Inc.
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