Pearlwhite's commentaries

Serba Dinamik hidden nominees and hidden proxy(ies) concealed themselves from view at the AGM

ǷearlꙌhite
Publish date: Mon, 07 Feb 2022, 10:38 AM
Pearlwhite's commentaries

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.

Serba Dinamik hidden nominees and hidden proxy(ies) concealed themselves from view at the AGM

By Pearlwhite 7th February 2022 10.38 AM

The highly anticipated ruckus at Serba Dinamik’s AGM on 31st January 2022 did not materialise.  What also didn’t materialise was that the hidden nominees and hidden proxy(ies) of Serba Dinamik revealed themselves.  Why?

  1. To protect the capital market regulators which had protected and concealed the identities of the certain nominees and proxy(ies) in the first place

If they had voted (either for, against or abstained), as revealed and fact checked by independent media here, Serba Dinamik hidden nominees and hidden proxy(ies) will reveal themselves, would have exposed them and the capital market regulators to the vested interest in determining the outcome to the on-going saga with Serba Dinamik.

Many did not realise that despite the attendance of more than 500 attendees, only approximately 390 voted (for, against, abstained).  A total of 110 to 210 attendees did not utilise the voting system to avoid being accounted for.  In essence, they attended as spectators.

We know that the Employees Provident Fund Board, Kumpulan Wang Persaraan (Diperbadankan), Permodalan Nasional Berhad (PNB), SBB Dana-Al-Ihsan, Lembaga Tabung Haji and the unknown hidden proxy holds approximately 1.12185 billion shares or approximately 30.16% of Serba Dinamik.

No.

Investor Name

% O/S

Position (M)

1

Employees Provident Fund Board

4.97%

185.08

2

Kumpulan Wang Persaraan (Diperbadankan)

4.53%

168.85

3

Permodalan Nasional Berhad (PNB)

4.34%

161.75

4

SBB Dana-Al-Ihsan

1.45%

54.22

5

Lembaga Tabung Haji

1.39%

51.95

6

Unknown hidden proxy

13.48%

500.00

 

  1. To gauge the level of support for the Board of Directors / Management of Serba Dinamik prior to their request for an EGM and to avoid disrupting Serba Dinamik’s Business

From the results of the vote, the following can be noted.

  • Approximately 1 billion shares (out of the approximately 1.4 billion shares) from the 3 Executive Directors were utilised for the AGM.
  • More than 2/3 of attending retail investors (approximately 220 million out of 250 million shares) supported Serba Dinamik - Ordinary Resolution 6 - Proposed Renewal of Shareholders' Mandate for Recurrent Related Party Transactions of a Revenue or Trading Nature.
  • A mixed number of attending retail investors had varying support for different directors – Ordinary Resolution 1-3.

It can be deduced that the Board of Directors and Management of Serba Dinamik would have approximately 1.6 billion (1.4 billion plus 200 million from retail) of share support against approximately 1.1 billion shares from the hidden nominees and hidden proxy(ies).  That is a total of 2.7 billion of shares held by attendees that day.

The actions of the concealed attendees suggest that Serba Dinamik's business is important to them and is worth preserving.  Rather, they have their sights on their Board of Directors and Management of Serba Dinamik (as witnessed in the voting for Ordinary Resolution 1-3).

Related articles

Serba Dinamik hidden nominees and hidden proxy(ies) will reveal themselves

Serba Dinamik’s miraculous resurgence - A blessing in disguise

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.


 

Related Stocks
Discussions
Be the first to like this. Showing 1 of 1 comments

observatory

After another wrong prediction, here comes yet another story. If the non existent "masterminds" don't want to show themselves, why did they order all their proxies to attend in the first place?

For you to count their numbers?

:)

2022-02-08 09:01

Post a Comment