Red Ideas' external auditor resigns 

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KUALA LUMPUR (Dec 4): LEAP Market-listed Red Ideas Holdings Bhd's external auditor Messrs McMillan Woods Mea has resigned as the latter has been temporarily prohibited from conducting audits of financial statements of public listed companies.

In a filing with Bursa Malaysia today, Red Ideas said its auditor has today given notice in writing to the board of directors of its intention to resign as the auditor of the company and its subsidiary.

"The company is not aware of any other matters that need that to be brought to the attention of shareholders," it added.

Red Ideas also said McMillan Woods Mea is in the midst of identifying a new auditor for the company.

Red Ideas shares were untraded today. It last closed at 30 sen, bringing a market capitalisation of RM30 million.