KUALA LUMPUR (Sept 28): Asdion Bhd announced that Tengku Azlan Ibni Sultan Abu Bakar, Datuk Yen Soon Ai and Datuk Mohamed Ridzuan Nor MD had resigned last Saturday.

In filings with Bursa Malaysia today, the computer software specialist said Tengku Azlan, Yen and Mohamed Ridzuan did not give reasons for their resignations.

Prior to the resignations, Tengku Azlan was Asdion chairman while Yen and Mohamed Ridzuan were executive directors.

They were supposed to stand for re-election today at Asdion’s annual general meeting here.

Their resignations followed a recent announcement on Asdion’s higher audited net loss for financial year ended March 31, 2015 (FY15) compared to the unaudited figures.

Asdion told the exchange on Sept 1 this year its FY15 audited net loss was RM2.81 million versus the unaudited net loss of RM2.07 million.

“The deviation is mainly due to wrong calculation of the non-controlling interests for newly acquired subsidiary,” Asdion said then.

Today, at 12.30pm, the counter settled down four sen or 9% at 40 sen for a market capitalisation of RM46.5 million. The stock saw 18,000 shares done.

(Note: The Edge Research’s fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)