Trive Property’s external auditor resigns

TheEdge Tue, May 22, 2018 08:09pm - 5 years View Original


KUALA LUMPUR(May 22): The external auditor of Trive Property Group Bhd has voluntarily resigned as the group could not reach a consensus on the proposed increase to the audit fee and costs for the financial year ended Jan 31, 2018.

In a filing with the stock exchange, Trive said the resignation of Siew Boon Yeong & Associates will be with effect from June 13.

“The board of directors wishes to inform that the company is not aware of any other matters that need to be brought to the attention of the shareholders of Trive.

“Further announcement on the proposed change of auditors will be made by the company in due course once the company has identified replacement auditors,” it said.

Siew Boon Yeong has been the group’s auditor since 2016.

Trive Property’s share price closed unchanged at three sen today, with a market capitalisation of RM63 million.

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