ComfortDelGro's shareholders reject Deloitte as auditor
Janice Lim &
Lisa Kriwangko
DeeperDive is a beta AI feature. Refer to full articles for the facts.
THE shareholders of ComfortDelGro have rejected its auditors after a majority did not vote for their re-appointment during the transport operator's annual general meeting (AGM) on Friday (Apr 29), an outcome that disappointed the company's board.
Announcing this in a bourse filing on the same day, ComfortDelGro said that Deloitte & Touche would no longer be the auditors of the company from Apr 29, 2022.
"The board and management wish to express their disappointment at this outcome but will respect shareholders’ decision," read ComfortDelGro's update on its AGM.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025