Meta Health (SGX:5DX) said its board proposed changing the company's auditors, according to a filing with the Singapore Exchange on Tuesday.
The company plans to hire CLA Global TS to replace its long-time auditor Foo Kon Tan.
The company said it was changing auditors as a matter of "good corporate governance," in addition to "benchmark its audit fees and realize cost efficiencies."
Shares of the company fell nearly 17% in Wednesday trading.