UHY appointed external auditor of YB Ventures, following the resignation of Grant Thornton
KUALA LUMPUR (May 20): YB Ventures Bhd said Messrs. UHY will 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 Friday May 20 filing, the ceramic wall and floor tile manufacturing company said it had received written notice from Grant Thornton Malaysia regarding the latter’s resignation as the company’s auditor.
“In accordance with Section 281(2) of the Companies Act 2016, the tenure of Grant Thornton Malaysia will terminate after 21 days from 20 May 2022 (Friday),” he said, noting that resignation from Grant Thornton Malaysia is on a voluntary basis, based on mutual agreement of both parties.
Meanwhile, YB Ventures said UHY had given its consent to act as the company’s auditors via a letter dated Friday, and was appointed as the company’s external auditor effective Friday.
“Except for the foregoing, the Board wishes to advise that the Company is not aware of any other matters that should be brought to the attention of YB Ventures shareholders,” he added. .
Shares of YB Ventures closed up one sen or 2.35% at 43.5 sen on Friday, giving the company a market capitalization of RM125.25 million.