OTHERS Baba Eco Group Berhad ("BABA" or "the Company") -Resignation of Auditors
BABA ECO GROUP BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | Baba Eco Group Berhad ("BABA" or "the Company") -Resignation of Auditors |
The Board of Directors (“Board”) of BABA wishes to announce that the Company has on the evening of 13 September 2022 received a notice in writing dated 1 September 2022 from Grant Thornton Malaysia on their resignation as the External Auditors of the Company. Pursuant to Section 281(2) of the Companies Act, 2016 (“CA 2016”), the term of office of Grant Thornton Malaysia shall end after twenty-one (21) days from which the notice is given. The resignation of Grant Thornton Malaysia is a voluntary resignation as the Company could not reach a consensus on the proposed increase of the audit fee for the financial year ending 31 October 2022 with Grant Thornton Malaysia. The Board of BABA is not aware of any other matters that need to be brought to the attention of the shareholders of the Company. BABA is in the midst of identifying new auditors to be appointed pursuant to Section 271(2)(b) of the CA 2016 subject to the following:-
Further announcement will be made by the Company in due course once the appointment of new auditors is finalized by the Company. This announcement is dated 14 September 2022. |
Announcement Info
Company Name | BABA ECO GROUP BERHAD |
Stock Name | BABA |
Date Announced | 14 Sep 2022 |
Category | General Announcement for PLC |
Reference Number | GA1-10082022-00040 |