KUALA LUMPUR (Oct 13): ACE Market-listed Sersol Bhd has announced that its auditor Messrs TGS TW PLT voluntarily resigned with immediate effect.
In a bourse filing, the coatings manufacturer said it received on Thursday (Oct 13) a notice in writing from TGS in regard to the auditor's resignation.
“The resignation of TGS is on a voluntary basis,” Sersol said, adding that besides this, it is not aware of any matter that needs to be brought to the attention of its shareholders.
Meanwhile, Sersol said the appointment of a new auditor will be advised in due course, pending the new auditor’s clearance and consent to take the post.
Sersol is mainly involved in the coating of plastic and metal for the electrical and electronics industry.
For the second quarter ended June 30, 2022, Sersol fell into a net loss of RM978,000, from a net profit of RM18,000 a year ago. Revenue was slightly higher at RM3.86 million, from RM3.6 million previously.
Shares in Sersol ended unchanged at nine sen on Thursday, giving it a market capitalisation of RM46.48 million.