Thursday 28 Mar 2024
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KUALA LUMPUR (Dec 13): Zelan Bhd's auditors have resigned due to a sanction imposed by the Securities Commission Malaysia (SC)'s Audit Oversight Board (AOB).

In a bourse filing today, Zelan said its auditors from Messrs Afrizan Tarmili Khairul Azhar (AFTAAS) resigned as the sanction imposed by SC's AOB prohibits the firm from accepting clients and auditing public interest entities or schedule funds for 12 months.

Zelan said pursuant to Section 281(2) of the Companies Act 2016, AFTAAS's term of office shall end after 21 days from Dec 12, 2019.

At the midday break today, Zelan shares were unchanged at 7.5 sen, giving it a market capitalisation of RM63.37 million.

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