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Santak Holdings Proposes Auditor Change to Nexia Singapore PAC

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Santak Holdings Proposes Auditor Change to Nexia Singapore PAC

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Santak Holdings Limited ( (SG:580) ) has issued an update.

Santak Holdings Limited, a company incorporated in Singapore, has announced a proposed change of its independent auditors from Grant Thornton Audit LLP to Nexia Singapore PAC for the financial year ending June 30, 2025. This decision is part of the company’s corporate governance initiatives aimed at managing business costs and enhancing audit value by obtaining fresh perspectives. The change is expected to result in an 18.2% reduction in audit fees without affecting the scope or quality of audit services. The Board, in consultation with the Audit Committee, has determined that Nexia is well-suited to meet the company’s audit requirements, and the change is deemed to be in the best interests of the company and its shareholders.

More about Santak Holdings Limited

Average Trading Volume: 10,500

Technical Sentiment Signal: Buy

Current Market Cap: S$5.92M

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