Latest Newsletter: MSWG Weekly Newsletter 07 December 2018 (English)
MESSAGE FROM THE CEO
When External Auditors Resign Over Remuneration Merely Months After Reappointment
Scomi Group Bhd announced on 4 December 2018 that the Company has on 4 December 2018 received a notice in writing from Messrs KPMG PLT ("KPMG") on their resignation as Auditors of the Company.
KPMG were re-appointed as the Auditors of the Company at the last annual general meeting ("AGM") of the Company held on 24 August 2018 to hold office until the conclusion of the next AGM of the Company.
The Company’s announcement further states that the resignation is due to the failure to agree to the Auditors' remuneration.
The Auditor’s resignation happened less than 4 months after their reappointment. This is surely shocking and of serious concern particularly to shareholders.