China's Yingde Gases warns management reshuffle may affect earnings

HONG KONG, March 24 (Reuters) - Yingde Gases Group Co Ltd , the subject of a rare public Chinese boardroom battle, has warned that its financial position may be "materially adversely impacted" due to changes to the composition of its board of directors and management. China's largest industrial gases company said late on Thursday that auditors needed to seek the views of the company's new management in settling its audit and also required information relating to one of its projects. Information regarding the company's debt was also needed, Yingde Gases said in a satatement. Earlier this month, a majority of Yingde Gases shareholders voted to keep two of its co-founders and main shareholders on its board and oust five other board members, ending a battle for control of the $1.5 billion firm. Yingde Gases has said it would welcome any competing bids for the Hong-Kong listed firm that would enable its shareholders to get a higher price for their holdings. (Reporting by Donny Kwok; Editing by Richard Pullin)