KUALA LUMPUR, Oct 10 (Bernama) -- Pharmaniaga Bhd (Pharmaniaga) has appointed Ernst & Young (EY) as its new external auditor, effective Oct 9, 2024.
The company said EY is replacing PricewaterhouseCoopers (PwC), which resigned following a formal written notice served to the group on Sept 20, 2024.
Pharmaniaga's managing director, Zulkifli Jafar, said the appointment aligns with Boustead Holdings Bhd's initiative to consolidate external audit functions across the group.
“Given EY’s extensive familiarity with our operations and businesses, they are a natural fit for this role,” he said in a statement on Thursday.
Zulkifli further noted that as Pharmaniaga advances its strategic initiatives and business plans, EY’s appointment will ensure seamless alignment across all subsidiaries within the Boustead group.
Pharmaniaga is one of the largest integrated pharmaceutical groups in Malaysia.
Its annual report for the financial year ended Dec 31, 2023, showed that Boustead holds 679.15 million shares, representing a 47.12 per cent stake in the company.
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
