Daya Materials shareholders approve appointment of new auditor

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KUALA LUMPUR (June 12): Daya Materials Bhd shareholders have approved the group’s appointment of Baker Tilly Monteiro Heng PLT as its external auditor.

According to a bourse filing, the shareholders approved the appointment of Baker Tilly Monteiro Heng, in place of retiring auditor Deloitte PLT, at the group’s annual general meeting (AGM) today.

Baker Tilly Monteiro Heng will serve for the current financial year ending Dec 31, 2019 (FY19), the group said.

In a separate filing, the group said its unit Daya CMT Sdn Bhd has received a letter from United Overseas Bank (Malaysia) Bhd (UOB), stating the bank would use an earlier-pledged fixed deposit worth RM76,826 to partially settle an overdue amount of RM1.07 million.

As of May 31, the group owed UOB RM2.21 million, with an interest rate of 3.5% per annum above the base lending rate, which is pegged at 6.82%.

Daya Materials' shares closed unchanged at one sen today, with 145,000 shares traded, giving the group a market capitalisation of RM20.43 million.