KUALA LUMPUR (Aug 3): Serba Dinamik Holdings Bhd's liquidator has called for a meeting with the group's creditors in October to provide a status update on the liquidation as well as to consider the appointment of a committee of inspection.

Serba Dinamik said four separate meetings had been scheduled with the creditors of the group as well as the creditors of its subsidiaries Serba Dinamik Group Bhd, Serba Dinamik Sdn Bhd and Serba Dinamik International Ltd.

The meetings are scheduled to be held on Oct 11 to 13, said the troubled oil and gas group in a bourse filing on Thursday (Aug 3).

"A separate announcement to all contributories calling for the contributories meeting will be issued at a date closer to the meeting date," said the group.

The liquidator for Serba Dinamik and the three subsidiaries, Victor Saw Seng Kee of PriceWaterhouseCoopers Advisory Sdn Bhd, had in May filed an application to the High Court for a meeting of creditors and a meeting of contributories.

The meetings will allow Saw to provide an update on the winding-up process and to answer any queries that the creditors or contributories may have, and the meeting can also help determine if the creditors and contributories want to form a committee of inspection.

The committee could then be a consultative body to work together with Saw for the benefit of the winding up process.

Serba Dinamik shares were suspended on Dec 23, 2022 due to the group's failure to submit its annual report for its financial year ended June 30, 2022.

The shares were last traded at two sen, giving the group a market capitalisation of RM75 million.

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