IQE appoints KPMG as auditor amid ongoing battle with short sellers
Source - SMW
IQE appointed KPMG as its new auditor following a competitive review process in December 2017.
KPMG replaces PricewaterhouseCoopers, or PwC, who as part of the handover process, provided IQE with a written statement which confirmed there were no matters which needed to be brought to the attention of the company's members, creditors or directors.
The company said it 'wishes to go above and beyond' disclosure requirements amid 'two recent broadly similar and misleading reports' published by short sellers.
At 8:17am: (LON:IQE) IQE PLC share price was +1.5p at 102p