NexG Bhd has appointed PKF PLT as its new auditor after its previous choice, SBY Partners PLT, declined the role.
Baker Tilly Monteiro Heng PLT had resigned in January 2026, just four months into the job, citing major changes in the company’s board. NexG initially sought SBY Partners to replace Baker Tilly, but the appointment did not proceed by mutual consent.
The board said PKF PLT was selected after assessing their independence, expertise, team, and fees, noting that a new auditor could bring fresh perspectives. PKF confirmed its consent to act as auditor on Feb 13, 2026.
The changes come after significant board reshuffles late last year following major government contract wins, including the resignation of several directors such as executive deputy chairman Tan Sri Mohd Khairul Adib Abd Rahman and executive director Datuk Puvanesan Subenthiran.
NexG also completed corporate exercises, including the RM76.78 million purchase of a 32.61% stake and 414.3 million Classita Holdings Bhd warrants at a steep 87.5% premium. Classita has since been rebranded as NexG Bina Bhd.
Shares in NexG closed at 28.5 sen on Friday, down 0.5 sen or 1.7%, valuing the company at RM994.4 million.
