OTHERS PROPOSED CHANGE OF AUDITORS
|INSTACOM GROUP BERHAD|
|Admission Sponsor||RHB Investment Bank Bhd|
|Sponsor||Same as above|
|Description||PROPOSED CHANGE OF AUDITORS|
The Board of Directors of Instacom Group Berhad (“Instacom” or “the Company”) wishes to announce that Messrs. Chong & Co had, on 15 August 2013, given notice in writing to the Directors of their intention to resign as Auditors of the Company. Pursuant to Section 172(15) of the Companies Act, 1965, their resignation will be effective only after another firm of Auditors has been appointed. Messrs. Chong & Co is resigning as Auditors of the Company as they have not renewed their registration with the Audit Oversight Board (“AOB”) and hence is no longer eligible to act as Auditors of the Company. The Board of Directors also wishes to inform that the Company is not aware of any other matters that need to be brought to the attention of the shareholders.
On 8 October 2013, the Company had received a notice of nomination from a shareholder of the Company, Mr Ngu Sing Hieng for the appointment of Messrs STYL Associates, as the Auditors of the Company for the financial year ending 31 December 2013 in place of Messrs Chong & Co and to hold office until the conclusion of the next Annual General Meeting of the Company at a remuneration to be determined by the Board of Directors of the Company (“Proposed Change of Auditors”).
The Proposed Change of Auditors is subject to and conditional upon approval being obtained from the shareholders of Instacom at an Extraordinary General Meeting (“EGM”) to be convened.
A Circular containing the details and information of the Proposed Change of Auditors together with the Notice of EGM will be despatched to the shareholders of the Company in due course.
This announcement is dated 8 October 2013.
|Company Name||INSTACOM GROUP BERHAD (ACE Market)|
|Date Announced||8 Oct 2013|