Chinese steelmaker General Steel Holdings, Inc. (General Steel) has announced that it is to appoint PricewaterhouseCoopers Zhong Tian CPAs Limited Company (PwC) as its independent registered public accounting company, replacing Frazer Frost, LLP.
Upon the change of auditors, PwC will start providing services in the beginning in the second fiscal quarter of 2011 and will serve as General Steel's independent registered public accounting company for the fiscal year ending December 31, 2011.
"We are looking forward to taking advantage of the experience of one of the world's top accounting firms," said General Steel's chairman and chief executive officer Henry Yu. "We are committed to promoting the utmost transparency to investors and PwC is a good fit for our company as we continue to execute our growth strategy," the General Steel CEO added.