BearBear6115

BearBear6115 | Joined since 2021-09-15

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2022-02-04 20:42 | Report Abuse

So la when can trading sia.....haiz

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2021-12-20 19:23 | Report Abuse

Resignation
Reason
Due to the bias regulatory prosecution aimed towards Serba Dinamik Holdings Berhad.

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2021-12-05 11:02 | Report Abuse

Morning all, so what else we are waiting ?

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2021-11-24 21:22 | Report Abuse

End month we will know the result ?

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2021-11-24 21:11 | Report Abuse

if he sell Kpower , so what will happen to SD ?

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2021-11-24 21:09 | Report Abuse

So what will the possibilities by end month ?

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2021-11-23 23:33 | Report Abuse

KUALA LUMPUR (Nov 23): Bursa Malaysia Securities Bhd is seeking a court order to force Serba Dinamik Holdings Bhd to disclose the factual findings of the special independent review conducted by Ernst & Young Consulting Sdn Bhd (EY Consulting) on its financial accounts.

Bursa Securities has initiated a new legal action against Serba Dinamik by filing an originating summons at the Kuala Lumpur High Court against the company, it said in a statement.

This is "to order Serba Dinamik to make an immediate public announcement of the factual findings update on the special independent review as at Sept 30, 2021", Bursa Securities said.

The legal action was taken due to Serba Dinamik's "failure to comply" with the stock exchange's directive on Oct 22 for the disclosure. Shares of Serba Dinamik have since been suspended from trading as a result.

"The court application is brought, in discharge of the role and responsibilities of Bursa Securities in regulating the conduct and enforcing compliance with the continuing obligations of listed issuers pursuant to the Main Market Listing Requirements (MMLR).

"This is necessary for the purpose of upholding and upkeeping the integrity of the capital market, inter alia, maintaining a level playing field, advancing the 'blue sky' principle and facilitating equal access to material information affecting a listed issuer," Bursa Securities said.

"This is paramount to enable Bursa Securities, who is entrusted with its statutory duties, to ensure an orderly and fair market in the securities that are traded through its facilities and to take all appropriate actions to secure compliance with its rules," it added.

The originating summons was filed by Bursa Securities under Sections 360(1)(c)(i) and/or (ii) (J) and/or (K) and/or (M), 360(1)(4) and 360(13)(b) of the Capital Markets and Services Act 2007.

"Bursa Securities wishes to reiterate that a listed issuer must make immediate public disclosure of any material information under the MMLR and the factual findings update is material information in accordance with the MMLR.

"All investors must be well informed of and given equal access to material information in order to be able to trade on equal footing," Bursa Securities said.

The latest lawsuit by Bursa Securities added to the series of legal actions related to the alleged audit issues regarding Serba Dinamik's financial accounts for the 12-month period ended Dec 31, 2020 (FP20). Serba Dinamik is currently suing the stock exchange, its former auditor KPMG, which flagged the audit issues, and EY Consulting.

In June, Serba Dinamik was directed by Bursa Securities to appoint EY Consulting to undertake a special independent review to assess the veracity and accuracy of the matters raised by KPMG.

In May, KPMG raised several issues involving Serba Dinamik's FP20 accounts involving transactions, receivables, payables and materials on site amounting to over RM4.6 billion, and that it was not able to identify counterparties in the transactions.

The auditor alerted the Securities Commission Malaysia on the audit issues, prompting an investigation by the regulator, which it said last week was still ongoing.

A month later, Serba Dinamik sued KPMG, alleging that the external auditor had been negligent and breached its contractual and statutory duties.

When Bursa Securities ordered Serba Dinamik to reveal the findings on Oct 22, the oil and gas engineering firm said "there were no documents or copy of any documents that fit the description of 'factual findings update as at Sept 30, 2021' given to the independent non-executive directors as at Oct 22, 2021".

Serba Dinamik added that "any document or report from EY Consulting does not fall within paragraph 9.03 and 9.35A of the MMLR".

"EY Consulting is still in the midst of performing the special independent review," it added at the time.

Serba Dinamik soon proceeded to sue Bursa Securities for acting "in excess of power" when instructing the company to appoint an auditor to conduct the special independent review, and when instructing the company to disclose EY Consulting's update.

The company later also sued EY Consulting, and sought court declaration that EY Consulting misrepresented that it could be appointed to conduct the review. An initial attempt to block EY Consulting's release of the findings was, however, dismissed in court.

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2021-11-17 20:56 | Report Abuse

so will it be positive when the suspend lifted ?

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2021-11-06 16:01 | Report Abuse

If the investment you did not involve, why not just keep your thought and leave it in the trash bin and keep it there.

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2021-11-06 15:59 | Report Abuse

all the holder here is still steady and do not care about it and wait for the news because most already know the risk they invested in this stock, and yet many still here bla bla bla delist, pn17 , bla bla bla everyday with so many random negativity. get a life . when trying to read something about serba here, only left all negative people here

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2021-11-06 15:56 | Report Abuse

everyday and every minute negativity, nothing ever positive in your life ?

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2021-11-06 15:56 | Report Abuse

So many negativity here even the stock is suspended delisted, suspended, pn17, gn3, bla bla bla did u guys even invest in it ? if no just silent and leave the company to do their job instead of you all bla bla bla negativity here. Its so obvious its suspended and still yet what you guys trying to achieve ? if delisted or etc, all the holder took their risk in this stock here. so stop all the BS you all trying to spread, we are not blind , we can read news and so on for the progress. Nothing benefit you all right for those none holder here.

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2021-10-26 19:31 | Report Abuse

KongKaliKong62 ya, if anything happen is our own responsible that we invest while they are the keyboard warrior spamming nonstop negativity and old news and giving different direction opinion here as if anyone wants to listen to them, maybe other counter they have nobody to chat with hahahahaha

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2021-10-26 19:19 | Report Abuse

siapa makan cili dia rasa pedas

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2021-10-26 19:18 | Report Abuse

Continue post all your negative thought when you do not even own any share. lol get a life. so what if you win(for those who keep spamming negativity about SD) ? you are right so ? nobody listen to your toilet paper opinion izzit so desperate spamming here nonstop

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2021-10-26 09:56 | Report Abuse

Eating popcorn watching all these promoter asking holder to sell. lol. get a life

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2021-10-25 10:39 | Report Abuse

take ur negativity thought , buang ke dalam tong sampah nobody listening to you loser

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2021-10-25 10:38 | Report Abuse

Siapa makan cili, dia rasa pedas ya for my comment above. Cheers and have a good weekday

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2021-10-25 10:36 | Report Abuse

Good luck guys (for those holder) WE WILL RISE!!!!!

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2021-10-25 10:34 | Report Abuse

Those loser still spamming negativity , i hope you have a good life since your life so miserable hoping people will listen to you. keep it up keyboard warrior

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2021-10-25 10:33 | Report Abuse

Just enjoy the ride guys

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2021-10-25 10:32 | Report Abuse

Why still so many negative people here who do not invest SD and still giving so much negativity, you have nothing to do in life ?

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2021-10-11 13:40 | Report Abuse

and extra info it is 24 hour ya

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2021-10-11 13:35 | Report Abuse

Yeah me yesterday ngam ngam 12.01 am fly up. seems like the casino is not located in first world like previously, it is in Grand Casino (old genting) only available baccarat , blackjack, six bo, slot machine , e-roulette (no live roulette yet said by the captain after 3 days only have) and other card game. you need genting card only can access into the casino + update your mysejahtera into your genting member card at the counter before you going in the casino. won a little and went back home and the traffic is fine(based on what i see yesterday), but i am not sure about today hahaha. good luck guys, place your bets please. xD

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2021-09-15 10:33 | Report Abuse

still will increase within a month ?