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Author: ǷearlꙌhite   |   Latest post: Fri, 14 Jan 2022, 8:12 PM

 

Serba Dinamik’s miraculous resurgence - A blessing in disguise

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Serba Dinamik’s miraculous resurgence - A blessing in disguise

By Pearlwhite 14th January 2022 8.12PM

 

All because of misinformation rhetoric and unsubstantiated claims, the capital market regulators have failed not only to safeguard the investment community but also exterminates the corporations that compose Bursa Malaysia.  Here is why this is so.

Questions have arisen as to why Serba Dinamik's top 10 investors, which were reported by the media and in various trusted financial platforms, as not held by Malaysian government agencies and pension funds, end up being so.

The issue of the top 10 investors may be a trivial matter to the uninitiated, but it has material consequences.  The crux of the issue now is, is information reported by the media and in various trusted financial platforms about Serba Dinamik reliable?  Because if it isn't, it is misinformation rhetoric and unsubstantiated claims.

The details of depositors of Serba Dinamik are managed via the Central Depository System, a system that is fully owned and operated by Bursa Malaysia Depository Sdn Bhd, a wholly owned subsidiary of Bursa Malaysia Berhad. 

In an emailed request of confirmation to Bursa Market Place, a division within Bursa Malaysia Securities Berhad which is sanctioned and approved for providing credible and reliable sources of financial information, it vigorously maintains the accuracy and completeness in its list of top 10 investors in Serba Dinamik (see below) as correct.

Source : Bursa Market Place (https://www.bursamarketplace.com)

When the details of depositors are confirmed by the entity that regulates and manages them, there is no doubt as to the authenticity of the list, even if other trusted third-party sources of information proves otherwise.

In other words, any doubt to the accuracy and completeness of Bursa Market Place's information is to doubt the credibility of the capital market regulators.

This confirmation from Bursa Market Place has great ramifications to the on-going Serba Dinamik Special Independent Review (SIR) saga.

  1. Scepticism at unsubstantiated claims of Serba Dinamik's shares being fully disposed by the Malaysian government agencies and pension funds

The continuing misinformation rhetoric has for the past 7 months been Serba Dinamik's shares had been fully disposed by the Malaysian government agencies and pension funds.

  1. Scepticism at the reports about Serba Dinamik from a particular media company and mainstream media in general on the SIR

For the past 7 months, we witnessed the misrepresentation of actual facts and developments of the SIR from being reported through selective framing of titles and highlighting of issues with inconsistent and questionable facts.  This has always been a game of perception, a trial by social media to decide the direction of companies and dictates how the capital market should function.

  1. Scepticism at the contempt from the public and investment community in general on Serba Dinamik of Fraud and Financial Transgressions (FAFT)

Serba Dinamik had endured the endless cycle of

  • Spreading of misinformation for contempt for Serba Dinamik
  • A myriad of unsubstantiated allegations of FAFT on Serba Dinamik
  • Insinuation that the Board and Management of Serba Dinamik were deceptive, malicious and were due for incarceration
  • Insinuation that Serba Dinamik will not continue as a going concern
  • Seeking to harm, intimidate, or coerce those who wish to engage to eliminate confusion and/or seek clarity and
  • Seeking to harm, intimidate, or coerce those who wish to those who provided facts, reason, methods and evidence contrary to unsubstantiated allegations of FAFT

not because of evidence but at being indignant (outraged) at Serba Dinamik in discussion boards, forums, responses in social media and trending #hashtags.

Now with confirmation evidence from Bursa Market Place, what do those who perpetuate 1 -3 have to say?

The challenge to the Bursa Malaysia, the media and the public and investment community having contempt for Serba Dinamik

  1. To Bursa Malaysia: If indeed the information contained in Bursa Market Place on the top 10 investors of Serba Dinamik is correct, why not make a statement of its accuracy to the public and prove that it is correct?  Otherwise, the perpetuation various of misinformation rhetoric of Serba Dinamik would continue.  Or does Bursa Malaysia wish it to perpetuate?
  1. To the media, general public and investment community having contempt for Serba Dinamik : To substantiate your proof of FAFT on Serba Dinamik and that you have nothing to hide, please make public the confirmations from Bursa Malaysia on the accuracy of the information contained in Bursa Market Place on the top 10 investors of Serba Dinamik.  Otherwise, the credibility of your revelations, past and future, will be disregarded as continued misinformation rhetoric and unsubstantiated claims of FAFT.

The challenge to the financial institutions and rating agencies that declined continued support for Serba Dinamik due to negative publicity – extend recourse to Serba Dinamik

Serba Dinamik’s CEO Dato’ Karim had opined that financial institutions had ceased banking facilities because of negative publicity.  These facilities amounted to nearly RM3 billion.  Such facilities were essential for day-to-day operations of Serba Dinamik, executing client and new client contractual obligations and financial obligations (Serba Dinamik to fail to meet its bi-annual interest payment to its bondholders in November 2021).

On the other hand, rating agencies for Serba Dinamik’s bond had also downgraded the ratings of Serba Dinamik’s bonds twice because of negative publicity and due to its failure to meet its bi-annual interest payment, further resulted in additional downgrading of its bond rating.

  1. To the financial institutions : If indeed the information contained in Bursa Market Place on the top 10 investors of Serba Dinamik is correct, consider re-instating its banking facilities as the initial decision to cease banking facilities based off misinformation rhetoric and negative publicity was made in poor judgement.
  1. To the rating agencies : If indeed the information contained in Bursa Market Place on the top 10 investors of Serba Dinamik is correct, consider reviewing Serba Dinamik’s bond ratings with a provisional rating subject to banking facilities re-instated at a later to be determined date.

Accept the challenge and remedy the situation and put things right for the sake of the investment community and Serba Dinamik.

If the abovementioned parties to the challenge remain silent or provide no evidence to the contrary, then you have to remedy the situation and put things right on your own, for the sake of the investment community and Serba Dinamik.  When Malaysian government agencies and pension funds continue to hold stakes in Serba Dinamik when they have stated that they would not, one has to question why this discrepancy exist.  More than meets the eye perhaps?

Please decide with extreme care the decisions you are about to make in the upcoming Annual General Meeting (AGM).  Caveat Emptor.

Related articles

The battle of the nominees in Serba Dinamik so long as there is no doubt as to the credibility of Bursa Malaysia

Securities Commission's (SC) uphill task to successfully charge Serba Dinamik (Part 2)

The peculiarities with Securities Commission’s (SC) charge sheet against Serba Dinamik (Part 1)

The devastation Serba Dinamik suffered due to the abuse of Qualified Privilege that fuelled negative publicity with unsubstantiated allegations - Full

Serba Dinamik suffers devastation from the abuse of Qualified Privilege that fuelled negative publicity with unsubstantiated allegations - Trailer

Serba Dinamik’s fruits of labour to the truth is getting closer

From the desk of Serba Dinamik’s Shareholders To Theedgemarkets.com - Clarification on the Articles appearing in Theedgemarkets.com Website

Serba Dinamik’s financials are free of financial transgressions and fraud

How Serba Dinamik overcomes obstacles to come out better and stronger. Its good for the capital markets.

Serba Dinamik - A success that was not revealed

Serba Dinamik is given an olive branch and redemption for the regulator?

Serba Dinamik is ever so helpful, but the rest refuses to leave Malaysia to finalise the SIR.

Serba Dinamik - Two thirds cleared with one third being finalised. A little more to go.

The mispresented truth about Serba Dinamik – The mainstream medias' not so great headlines

 

* In respect of the article, it is recommended that you consult with a Certified Accountant/Chartered Accountant/Chartered Internal Auditor, Chief Financial Officer, Legal Counsel and/or Tax Advisor for advice concerning the article.
 

It is not recommend that consultations be made with Certified Financial Analyst, Brokers, Traders and/or MBA/MA Finance Graduates as they are deemed not to have the necessary competency and skills to evaluate and advise on such matters discussed in the article.

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  LimitUp likes this.
 
MR. BEAN genting better, still got 49% chance of winning.
stuck here= 100% gone case.
I not going to sell it already, just let it be.
14/01/2022 9:10 PM
Sslee For godsake please check the filing date:
Example: EPF Filing date: 25-June 2021. Filing source:Other Substantial/Declarable.
14/01/2022 9:29 PM
gohkimhock After 25 June 2021, EPF hold below 5%. Subsequently selling does not require EPF to make anymore filing. So the last record will stand as 25 June. Didn't this guy know about this?

Complete madness..
14/01/2022 11:21 PM
TryMakeGoodBuy Even below Low Yat Mentality.
Just show how delusional one can become.
Does not even understanding shareholding filing.

Actually what is the big deal if EPF is there of not.
EPF has been selling down, this is a fact!
Maybe not fast enough to get out all.

It is a fact Karim trade in the warrant and shares after disclosure of SIR at a meeting.
It is a fact SD defaulted on interest payment.
It is a fact SD cannot collect its receivables and stocks amounting to a massive write off
15/01/2022 12:27 PM
AlanNga Uncle Tan was right….
16/01/2022 3:56 AM
i3lurker still trying to Macau Scam sell Serba shares to NGOs via private transfer
16/01/2022 8:27 AM
Faiza Why don't publish latest annual report shareholding issued a week ago, easily available in Google search unless the purpose is to mislead readers
16/01/2022 3:37 PM
Faiza Epf hve zero holding, cut loss Frm 10%, assuming run fast & lost 33%, easily down by more than hundred M.
All 14M members become poorer
16/01/2022 3:48 PM
thor85 Such a complete rubbish article.
16/01/2022 8:44 PM
alenac Written by Kacang Putih and what is it trying to say, where the entire top management are charged for false accounting?
16/01/2022 9:14 PM
Vicky hello...Pak Karim
16/01/2022 9:23 PM


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