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New City Development auditor resigns

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New City Development auditor resigns

Ascenda Cachet CPA Ltd. resigned as the auditor of New City Development Group Ltd. and its subsidiaries, effective Feb. 20.

The auditor's resignation comes as the two parties failed to reach an agreement on the audit fee for the year ended Dec. 31, 2017.

As replacement, the Hong Kong-based real estate developer tapped the services of World Link CPA Ltd.