KUALA LUMPUR (Aug 7): Fiber optic manufacturer Opcom Holdings Bhd said Baker Tilly Monteiro Heng PLT has resigned as its external auditor due to a disagreement over audit fees.

The resignation is with effect from Monday (Aug 7), the group said in a bourse filing, adding it is in the midst of appointing a new auditor.

“The resignation is due to a disagreement regarding the fees associated with conducting the audit. This disagreement arises from expanded operations and consequently an increase in audit fees,” said Opcom.

The fiber optic manufacturer said it is not aware of any other matters that need to be brought to the attention of its shareholders.

Opcom shares closed unchanged at 74 sen, giving the group a market capitalisation of RM248.18 million.