XOX Technology auditor resigns because of pricing issues

TheEdge Wed, Jan 12, 2022 06:58pm - 2 years View Original


KUALA LUMPUR (Jan 12): XOX Technology Bhd’s auditor Ecovis Malaysia PLT has resigned because of cost and pricing issues.

In a filing with the bourse, the company said Ecovis had given its notice in writing to the board of its resignation, pursuant to the Companies Act 2016.

“The resignation of Ecovis is due to cost and pricing issues. Further, the board also wishes to inform that the company is not aware of any other matters that need to be brought to the attention of shareholders.”

The company is in the midst of identifying new auditors, and will make further announcements in due course.

XOX rose 0.5 sen or 9.1% to close at six sen on Wednesday (Jan 12), which translates into a market capitalisation of RM54 million.

 

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