KUALA LUMPUR: Malaysia Pacific Corp Bhd’s (MPCorp) auditors Messrs BDO have voluntarily resigned and their resignation will take effect upon the appointment of the new auditors at the forthcoming annual general meeting (AGM) of the company.

“The notice of resignation is in addition to Messrs BDO having indicated that they do not wish to seek reappointment as set out in the Annual Report 2014,” said MPCorp in a Bursa Malaysia filing yesterday.

“In the notice of the 42nd AGM, there is an agenda to appoint Messrs UHY as auditors of the company in place of the retiring auditors, BDO,” it said.

MPCorp said it was not aware of any matters that needed to be brought to the attention of shareholders in relation to BDO’s resignation as the company’s auditor.

In the company’s latest annual report, BDO issued a disclaimer of opinion paragraph that the auditors were not able to form an opinion on MPCorp’s financial accounts due to insufficient evidence.

MPCorp shares closed unchanged at 20 sen yesterday, with a market capitalisation of RM57.53 million.

This article first appeared in The Edge Financial Daily, on December 17, 2014.