KUALA LUMPUR: The external auditor of MLABS Systems Bhd, Messrs PKF has resigned due to disagreement in fixing audit fees.

       In a filing with Bursa Malaysia, Mlabs said PKF had given their resignation notice in writing on March 30 pursuant to Section 281(1) of the Companies Act 2016.

       Pursuant to the Act, PKF's term of office as auditors Mlabs shall end after 21 days from the date of the notice.

       “The resignation of PKF is due to disagreement in fixing audit fees.

       “Save for the above, the Board is not aware of any other matters that are required to be brought to the attention of the shareholders of the company,” Mlabs said.