Investment company Pyne Gould Corp assures fund investors and shareholders it has "nothing to hide", in the wake of speculation on the resignation of its auditor and the Financial Markets Authority's looking into the investment company.
Pyne Gould Corp (PGC) chairman Bryan Mogridge said yesterday the company "strongly rejected" claims made by auditors KPMG, in its letter of resignation last week, about "unresolved differences" over related party transactions, and the "adequacy of governance and management of financial reporting".
PGC shares started the month at 33c, and were trading yesterday at 32c.
Mr Mogridge said PGC was working with the FMA to resolve any questions it has.
"PGC has nothing to hide and we are not concerned by their presence," he said yesterday.
