BABA

0.440

(%)

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:-

  1. the end of the term of office of the resigning Auditors which is 21 days from 1 September 2022 pursuant to Section 281(2) of the CA 2016; and
  2. BABA receiving the letter of consent to act from the new auditors of the Company pursuant to Section 264(5) of the CA 2016.

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