Tech company Solutions 30 picks new auditor

Solutions 30 SE

28/06/2021 09:05

PARIS, June 28 (Reuters) - French technology services group
Solutions 30  S30.PA , whose shares have plummeted due to
concerns over the transparency of its accounts, said on Monday
it will ask shareholders meeting on June 30 to clear a proposal
to appoint PKF Audit & Conseil Luxembourg as its new auditor.
    PKF would succeed Ernst & Young whose mandate will expire on
that date, the statement said.
    By 0746 GMT, Solutions 30 shares were up 3.7%. This followed
losses of 52% so far this year after hedge fund Muddy Waters
criticised Solutions 30 business and auditor Ernst & Young
refused to sign off its annual report.  L5N2NA0DS 
    Solutions 30, which has corporate headquarters in Luxembourg
and shares listed in Paris, mainly installs high tech electric
meters and connects homes to fibre networks.
    
    

 (Reporting by Dominique Vidalon, editing by Louise Heavens)
 ((dominique.vidalon@thomsonreuters.com; +33149495432; Reuters
Messaging: dominique.vidalon.reuters.com@reuters.net))