KUALA LUMPUR (Oct 10): Shares in Visdynamics Holdings Bhd fell 2.90% this morning after its external auditors Messrs Adam & Co resigned from their position effective Oct 4.

At 9.30am, Visdynamics fell 2 sen to 67 sen with 313,600 shares traded.

Visdynamics said it received notice in writing from the auditors on their resignation on Oct 8.

The group said the resignation is on a voluntary basis as both parties could not reach a consensus on the proposed increase to the audit fees for the financial year ending Oct 31, 2018.

Adam & Co was re-appointed as the auditors of the company at the last annual general meeting (AGM) held on March 23 and was supposed to hold on to the position until the conclusion of the next AGM.