Investors Early Equity swaps London audit for Hong Kong

A LISTED investment business has swapped its auditors.

Early Equity, listed on the ICAP Securities & Derivatives Exchange, has recruited Clement CW Chan as its auditors following a tender process. Brett Adams has stepped down.

Early Equity was founded in 2005 and had worked with early-stage companies to help grow and finance their businesses. Its new business strategy is to invest in companies with the potential for significant growth in the medium to long term.

In autumn, it issued $10m (£6.2m) of bonds in the company, with Encore Investment subscribing to up to $5m. It has also expanded into Hong Kong and Singapore.

Its former auditor, Brett Adams, is based in London, while Clement CW Chan is a Hong Kong-based firm.

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