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Author: savemalaysia   |   Latest post: Mon, 29 Nov 2021, 7:29 PM

 

Serba Dinamik securities trade suspended from 2.30pm on Friday until further notice

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KUALA LUMPUR (Oct 22): Trading of Serba Dinamik Holdings Bhd's securities on Bursa Malaysia has been suspended from 2.30pm on Friday (Oct 22) until further notice by the bourse regulator to maintain an orderly and fair market in the trading of the engineering services provider's securities.

"The suspension is effected pursuant to paragraph 16.02(1)(c) of the Main Market Listing Requirements in the interest of maintaining an orderly and fair market in the trading of Serba Dinamik's securities," Serba Dinamik said in a Bursa filing.

"Accordingly, all structured warrants relating to Serba Dinamik will also be suspended at the same time," Serba Dinamik said.

Bursa said in a separate statement on Friday the bourse regulator "has resolved" to suspend the trading of Serba Dinamik securities including all structured warrants relating to the company from 2.30pm on Friday until further notice in the interest of maintaining an orderly and fair market in the trading of Serba Dinamik securities.

Prior to the suspension, Serba Dinamik's share price settled down two sen or 5.41% at 35 sen with 105.18 million shares traded at Bursa's 12.30pm break on Friday.

Meanwhile, the company's warrant price settled down 0.5 sen or 6.67% at seven sen with 16.31 million securities transacted.

At its current share price of 35 sen, Serba Dinamik has a market capitalisation of about RM1.3 billion based on the company's 3.71 billion issued shares.

 

https://www.theedgemarkets.com/article/serba-dinamik-securities-trade-suspended-230pm-friday-until-further-notice

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