Date: 01 March 2019

OTHERS KEY ASIC BERHAD ("KEY ASIC" OR "THE COMPANY") - CHANGE OF AUDITORS


Type Announcement
Subject OTHERS
Description KEY ASIC BERHAD ("KEY ASIC" OR "THE COMPANY") - CHANGE OF AUDITORS

The Board of Directors of Key ASIC Berhad ("Key ASIC") wishes to announce that the Company has on 1 March 2019, received the notice in writing given pursuant to Section 281 of the Companies Act 2016 from Messrs Baker Tilly Monteiro Heng ("BTMH") on their resignation as Auditors of the Company. The end of BTMH's term of office shall be twenty one (21) days from 1 March 2019 pursuant to Section 281(2) of the Companies Act 2016.

 

BTMH who had been the Auditors of the Company were re-appointed as the Auditors of the Company at the last Annual General Meeting ("AGM") of the Company held on 23 November 2018 to hold office until the conclusion of the next AGM of the Company. The resignation is on voluntary basis as the Company could not reach a consensus on the proposed audit fees for the financial year ending 31 May 2019 with BTMH.

 

Save for the above, the Board is not aware of any matters that need to be brought to the attention of the shareholders of the Company.

The Company will appoint another audit firm as the new auditors of the Company.

 

Further announcements will be made by the Company in due course once the nomination of new auditors is finalished by the Company.

 

This announcement is dated 1 March 2019.





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