Karyon Industries shareholders explain reasons for removing auditors

KUALA LUMPUR: Karyon Industries Bhd’s two substantial shareholders cited an oversight by Messrs Raki CS Tan & Ramanan on the disclosure requirements as one reason why they sought to remove the latter as auditors.

Karyon said on Wednesday it had received a letter from its chairman Loh Chen Yook and non-independent non-executive director Loh Fatt Chong – both of whom are substantial shareholders – explaining the reasons for the removal.