Independent review no use already. They need to appoint full auditors - EY possible decline to be appointed without professional clearance.

SC and Bursa have possibility to request suspend Serbadk share trading soon.

The bad news is seem like EPF protocol won't want to wait until suspension. High selling pressure from institution shareholders will be within this 1-2 weeks.

Yes, where is MSWG?

More retialers will kena trap by this shit. If more promoting of "gambling" is allowed.

Should suspend and with interference from SC, to get the results out. Still better now rumours keep on fly here and there. And allow market making acitivities to allow big funds release their position to ikan bilis.

Crisis management of this company is weak.

Gloves stock you like it don't like it they still have earnings. You can called yourself bought expensive only.

Serbadk, if anything goes wrong, you are not bought high you are bought rubbish.

Owners force sale point should be triggered already or soon. Plus their Kpower, SCIB all down today.

Damn

Now likely even EY decline the appointment soon. Maybe with SC choice? Or no one want to take?

Unqualified opinion - public query and doubt
Qualified opinion - management against you again maybe another civil suit

How much you want to quote your client to maintain independency?

Originally independent review can settle now become the whole accounts no auditors. Joke of the year. Multi billion market cap company?

Pearl white.

You must be kidding, the problem now is at balance sheet. It maybe inside opening balances, as long rm0.10 contained in opening balance. They cannot give professional clearance.

Besides, now no longer is whether new independent review already. It require full audit.

Deadlock. Serbadk management too rush to make decision. Now lead to possiblity dead end d. Now wait Bursa query on why change auditors. Bursa not face this in first day. As mentioned they deal with Oilcorp case before as a lesson.

KPMG how to give professional clearance when their audit is not finished yet?

No audited account will be submit ontime already. Good bye GG.

Now is not whether got independent review already. No auditors already, next question is whether KPMG will/can give professional clearance to subsequent auditors. If no, then will not have auditors. Good luck guys.

Next is PN17.

Then is delisted.

Refer to Oilcorp Berhad.

Review back how similar to Oilcorp Berhad. Also another O&G company.

Anytime from now SC and Bursa will request them suspension.

Suspend soon. Exit before too late. I will keep some and wait attend EGM.

Likely Auditors will be assigned by SC. No more selection by Company already.

Excalated to another level already.

GG. Now is not whether SD allow to appoint new auditors or not. The notice served very clear that lawsuit compromised their ability to carry their works and duty independently. In normal procedure this notice will serve to Bursa and SC.

Played until auditors resigned. Notice clearly state. SC and Bursa have to investigate in detail d.

After sueing, new auditors want to take up the role also need to think twice.

SC and Bursa on the way already. They always promote good corporate governance and yet listed company who benefit from several rounds fund raising thru Bursa platform dare to sue Auditors?

Then good luck to those traders.

Cannot tahan d. Serbadk, Kpower, SCIB all drop. Soon margin call to major shareholders will happened. Do any guys foresee SD will self request suspension?

If so good, owner self quietly collecting already loh.

Subsequent retailers need to double becareful. If the counter so good, it won't drop from 1.60 to 0.60. still got many syndicate encourage buy, don't know what their motive.

And unlike now SD legal suit is Civil lawsuit, Party A sue Party B. Criminal lawsuit is different. Gomen prosecutor to file legal suit against respondent.

But it still very depends on the independent review result. Interpendent professional party report is very important now. I don't see why they want to drag on this and those institution shareholders (collectively 10 percent will do) not even serve a sepcial notice under company act 2016 to request EGM to appoint their own directors to monitor the case.

Charge under gomen prosecutor right? They are the so called "lawyer".

CBT is under criminal law isn't it?

If after the independent review result come out is negative (let's assume).

Can we minority shareholders collectively file legal suits against company directors?

SC and Bursa acting too slow already. They shall suspend the counter first to avoid market making activities. Otherwise more new ikan bilis will be misled by Syndicates. The correct way is to wait the independent review result out.

Securities commission/Bursa, you should soon suspend Serbadk first until they given results. Otherwise many big operators will dump their shares to retailers.

KPMG have solid base. Not mentioning whether account got Fraud or not. That one suppose subject to independent audit.

KPMG in process of audit. And raise significant doubt issue to audit committee. What's wrong with that? Now worst is even Audit committee alrwady restructured.

Now looks like Management try to intervene the audit process. Is this auditors negligence?

Why still delay the process of appointing independent auditors to verify? Then still the forum are full of sound to encourage retailers to top up or average down. Crazy.

After so many action, then prepare to change auditors again.

Derrickinvestor what I mean is using Serbadk Company own cash reserve.

Before clearance of doubts, management now still can engage in share buyback using company cash reserve?

If listed co file a lawsuit against auditors which is approved under SC, I think SC and Bursa will join in soon for governance on top level.

What minority shareholders can do now? Can sue company management or request EGM to change management?

Will suspend soon?

Why SERBADK don't want appoint special independent auditor, finalize job scope and immediately start works to provide clearer opinion to shareholders? After result out only reserve the right to sue current auditors if really negligence involved.

This is not share price problem only but corporate governance. Institutional shareholders won't invest in gray CG company based on their guideline. EPF will soon release their position of 10 percent in market. SD and his share price maintenance now is very eager to lure in more retailers to buffer the impact from Institutional shareholders potential disposal.

Becareful to trade.

Sue auditors is kind of serious corporate governance concern and it may trigger Bursa suspension for investigation.

Besides institutional shareholders will release their position. Until EY independent review result out and settlement of auditors issue, then only have possibility to enter investment again.

For those bond or sukuk raised, need to hope the expiry still long. Otherwise once they expired and want to raise new funds, then it may quite difficult to get good bond rating and underwriting.

GORENG!!!

BUY!!!!

V4$$$ SELALU COMPLAINT JE

ADUHAI

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