UHY appointed as YB Ventures external auditor, following Grant Thornton resignation

TheEdge Fri, May 20, 2022 08:11pm - 2 months View Original


KUALA LUMPUR (May 20): YB Ventures Bhd said Messrs UHY is to be appointed as the company’s external auditors effective Friday (May 20), following the resignation of its current external auditors Messrs Grant Thornton Malaysia PLT.

In a bourse filing on Friday (May 20), the ceramic wall and floor tile manufacturing company said it had received a notice in writing from Grant Thornton Malaysia on the latter’s resignation as auditors of the company.

“Pursuant to Section 281(2) of the Companies Act 2016, Grant Thornton Malaysia’s term of office will end after 21 days from May 20, 2022 (Friday),” it said, noting that Grant Thornton Malaysia’s resignation is on a voluntary basis, as based on mutual agreement of both parties.

Meanwhile, YB Ventures said UHY has given its consent to act as auditors of the company via a letter dated Friday, and has been appointed as the external auditors of the company with effect from Friday.

“Save for the above, the board 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 YB Ventures,” it added.

YB Ventures shares closed up one sen or 2.35% at 43.5 sen on Friday, giving the company a market capitalisation of RM125.25 million.

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