XL Holdings auditor resigns over audit fees


KUALA LUMPUR: XL Holdings Bhd said its external auditor Morison LC PLT has resigned after both parties were unable to reach an agreement on the proposed audit fees.

In a filing with Bursa Malaysia, the agriculture and aquaculture firm said it received Morison's written notice of resignation dated Sept 21, 2026.

Under Section 281(2) of the Companies Act 2016, Morison's term as auditor will end 21 days from the date of the notice.

XL Holdings said it was not aware of any other matters relating to the resignation that needed to be brought to the attention of shareholders.

“The company is in the midst of identifying new auditors, further announcement on the engagement of new auditors will be made by the company in due course,” it said.

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