Friday, June 24, 2011

Ernst & Young declines reappointment as Metronic Global auditor

KUALA LUMPUR: METRONIC GLOBAL BHD [] has received a notice from the auditor, Messrs Ernst & Young that it has declined to be reappointed as auditors of the company for the ensuing year.

The company said on Friday, June 24 that its board of directors had received a notice from E&Y (in a letter dated June 20) about its intention not to seek reappointment.

Metronic said that on June 23, the board had nominated Messrs LLTC, who had given their consent to be appointed as the incoming auditors of the company.

The company posted losses of RM2.32 million in the first quarter ended March 31, 2011, compared with losses of RM5.33 million a year ago.

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