accounting issue is to cover up Karim fraud and FAKE profit
kpmg found out
EY confirmed the FRAUD
Bursa and SC agree with the FRAUD findings
now sebak already SELF declared PN 17
meaning BANCRUPT already.

#
#TutupKedai
#TangkapKarim

all the above u say one okay
not me.
HAHAHAHAHAHAHA !!

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD
ǷearlꙌhite .
Oct 21, 2021 8:09 AM

COMPLETED ACTIONS FROM DETAILS BELOW

Manage cash flow and forecasts
- COMPLETED (30/9/2021 consolidated cash balances COMPLETED).

New financing initiatives will not involve Private Placement. and Rights Issue.
- COMPLETED

EY will provide finalised SIR to Bursa.
- COMPLETED

Bursa to request SD to announce SIR findings.
- COMPLETED.
Awaiting Bursa notification to disclose.

Complete 2020 audit and annual report as planned
- COMPLETED

Complete 30/9/2020 QR within time frame or earlier
- COMPLETED AND APPROVED.
.
.

Now is Dec 16, 2021
What happen to all the COMPLETED and APPROVED ?
ALL masuk lubang jamban is it ?

First event : Karim do FRAUD accounting

to cheat bank money and to cheat bond holders money
also use to steal money thru PP raising

kpmg found out
kpmg report to bursa that sebak do fraud accounting
bursa and sc RAID sebak

5 independent directors resign immediately
including 1 newly come in straight away resign

kwsp cabut lari
kwap cabut lari

Sebak appoint CROOK lawyer
Sebak new chairman TIPU in press conference

Sebak refuse to do SIR
Bursa force sebak to do SIR

EY confirmed sd do fraud accounting
bursa agree and suspend sebak
another 2 independent cabut lari
refuse to release report

sebak refuse to announce default on coupon
bursa ask sebak already pay coupon or not
sebak announce did not receive default notice

bursa ask sebak ALREADY PAY COUPON OR NOT
sebak finally announce did not pay coupon and defaulted the bond

sebak self announce PN17
sebak declared don't know current financial

meaning TUTUP KEDAI

YAHOOOOOOOOOOO !!

7 independent directors RESIGNED in less than 5 months
3 more will be RESIGN soon.
u wan to bet ?

HAHAHAHAHAHAHAHAH !!

imagine if karim did not do fraud accounting
what is the chain of event then ?

if sd win ?
BODO lah ko ni.
U wan to bet ?

only orang bodo sahaja will blame auditor when everyone already know karim do fraud accounting.

Karim do fraud accounting to cheat bank money
now exposed already
counter got suspended
defaulted on bond
KPMG say sebak do fraud accounting
EY confirmed
Bursa confirmed
tunggu tutup kedai
and tangkap karim.

A group of conman in i3
got con by each other

CANTEEEEEEEEEEEEEKK !!

#
#TutupKedai
#TangkapKarim

they are anjing kurap karim

#
#TutupKedai
#TangkapKarim

current bond trade at 10 sen
meaning bond holders will definitely call on a complete-default to receive 25 sen per bond now,
which cost about RM 450 mILLIONs
and another 75 sen later (RM 1.6 BeeLIONs)

if they wait another day
the conman might sell off sebak asset to his own family at cheap cheap price, and the family will sell off the asset at higher price to cronies and cronies will sell off to others and lose all the money trail track.

Karim do Fraud accounting to cheat bank and bond holder money
KPMG found out the fake FAKE sales and FAKE profit
report to bursa and SC.

Now, karim doing all his best to prevent being persecuted
by delaying AR, and preventing SIR release.
Bankers now realize the fraud and is taking proper action.

#TutupKedai
#TangkapKarim

#TutupKedai
#TangkapKarim

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD
ǷearlꙌhite .
Oct 21, 2021 8:09 AM

COMPLETED ACTIONS FROM DETAILS BELOW

- Manage cash flow and forecasts - COMPLETED (30/9/2021 consolidated cash balances COMPLETED).

- New financing initiatives will not involve Private Placement. and Rights Issue. - COMPLETED

- EY will provide finalised SIR to Bursa. - COMPLETED

- Bursa to request SD to announce SIR findings. - COMPLETED. Awaiting Bursa notification to disclose.

- Complete 2020 audit and annual report as planned - COMPLETED

- Complete 30/9/2020 QR within time frame or earlier - COMPLETED AND APPROVED.

Now is Dec 15, 2021
What happen to all the COMPLETED and APPOVED ?

the Company is unable to provide to Bursa Malaysia Securities Berhad a solvency declaration pursuant to Paragraph 9.19A(4)

nice !

enjoying seeing a group of conman
lose so much money
while trying to con other people.
Rare event.
Bravo !

A group of conman
try to con
but end up got conned
by each others

This is What we call
a very happy ending.

which bankers don't want to call default.
With each day pass, more cash will be bleed out,
more asset will be burn up.

By now, maybe can get back 5 sen
another few day only left 1 sen for bond holders

bond holders can choose to get 5 sen
or choose to become shareholders and get zero sen.

...the Company has agreed to indemnity its auditors, Al Jafree Salihin Kuzaimi PLT, as part of the terms of its audit engagement against claims by third parties arising from the audit (for an unspecified amount).

(page 77 annual report)

working experience present
- mencuri
- menipu
- menyaman
- dan business as usual

jangan jadi bodo
someone else will lose money
the bank
the bank shareholders
the people who deposit money in bank
u deposit money in bank.

when u start to believe fraud is good as long as it is not detected
then your whole family, community and race has become sampah.

like umno said
mencuri tak apa, asal jangan kena tangkap.

Karim is doing fraud accounting to steal money.
He cook up fake contract to borrow money from bank.
He create fake project to raise money thru bond
He make up fake profit and revenue to get money thru private placement.

And he siphoned hundreds of Millions company cash into his fake subsidiary and later into his own secret private account.

So, karim did not lose billions
He already stole hundreds of million secured into multiple account and hidden personal assets, which will last for few generation for him, his family and cronies.

Now, He is smiling.
Keep up all the good work my dogs.
I will feed u some friskies biscuit if i see u okay.
He said and then laugh - HAHAHAHAHAHAH !!

yup .. najib anak cibye say the same thing.

https://www.sinchew.com.my/20211210/%E4%B8%96%E9%9C%B8%E5%8A%A8%E5%8A%9B-3/

S&P Global
DOWNGRADE Sebak bond to D

Sekian.

yawning ... zzzzzzz zzzzzzzz

yawning ... zzzzz

sebak should "voluntarily" announce yesterday
only after sebak FAIL to voluntarily announce
then only bursa will give instruction.

Why ?
yesterday u got dream sebak already pay aa ?
KAKAKAKAKAKKAKAKAK !!
KAKKAKAKAKAKAKKAKAKAKAKAKAKAKAKAK !!

GILA !

karim produce many FAKE antique to sell to people
and come one group of conman
who know the antique are fake
but they still buy the fake antique
believing they can con other people

they promote this fake antique as genuine antique
until they themselves start to believe their fake antique could be a real antique
but fake or real, most important can con other people

so they buy more and more,
u know lah
the more u cheat
the more u earn
profit will be rolling in
big money will be coming in

mana tau suddenly authorities come
and say karim fake antique are fake antique
not allowed to be sell and buy anymore

Everyone come out clap-clap hand
celebrate the truth is true
the fake is false
and the justice has finally prevail

Serve all the conman right and left.

The end.

A group of conman conning and got conned by each others.
A very Rare event.

https://www.facebook.com/watch/?v=1489136968138989

nta 31 sen only
fake nta some more.

KUALA LUMPUR (Dec 10): Malaysian Rating Corp Bhd (MARC) has downgraded Serba Dinamik Holdings Bhd's Islamic Medium-Term Notes (IMTN) rating to CIS from BBIS/Negative.

In a statement on Friday (Dec 10), MARC said Serba Dinamik's Islamic Commercial Papers (ICP) rating remains at MARC-4IS, which is the lowest category under the non-investment grade, reflecting the heightened risk of non-repayment on the outstanding RM100 million ICP.

MARC said the downgrade action is premised on the missed semi-annual coupon payment of US$7 million on the outstanding US$222 million senior sukuk issued by Serba Dinamik's wholly-owned indirect subsidiary, SD International Sukuk Ltd.

"The coupon payment was due on Nov 9, 2021 and the company confirmed that no payment was made during the 30-day grace period which ended on Dec 9, 2021.

"As a result of this default, there is now an increasing likelihood of a cross-default trigger under the IMTN/ICP programmes.

"Should sukuk holders declare an event of default, the ratings of both programmes will be downgraded to DIS," it said.

KUALA LUMPUR (Dec 10): Serba Dinamik Holdings Bhd's wholly-owned indirect subsidiary SD International Sukuk Ltd is reported to have defaulted on the latter's US$7 million (about RM29.53 million) semi-annual coupon payment on the outstanding US$222 million senior Islamic bond or sukuk issued by SD International, according to Malaysian Rating Corp Bhd (MARC) analysts.

"The coupon payment was due on Nov 9, 2021 and the company (Serba Dinamik) confirmed that no payment was made during the 30-day grace period which ended on Dec 9, 2021," bond-rating firm MARC said.

RM 30 million coupon also cannot pay
two words - TUTUP KEDAI
one word - DIE

this is one famous kopitiam-cum-ktv mar
lu feel boh song, lu can come here sing song
lu feel very song, also can come here listen to people sing song
song song very song aaaaa ....

HAHAHAHAHAHAHA !!

At the end it is not the price
but the type of company that matter most.
Do Not Buy CROOK company run by CROOK.

Abdul Karim is a CROOK.
Always remember this.
He STOLE and CHEAT your money.
Your hard-earn sweat-blood money.

And he is laughing at you.
HAHAHAHAHAHA - he laughs.

Go find him in any function he may still be attending.
Send him our sincerest regards.

BOH CHOW CCCCCCCCCC AAAAAAAAAAAAAAAA !!

A buy RM 10 k at RM 1.20
B buy RM 10 k at 60 sen
C buy RM 10 k at 30 sen
D buy 5k at 60 sen and 5k at 30 sen
they all end up the same.

BUT

E buy RM 5 k at RM 1.20
F buy RM 50 k at 60 sen
G buy RM 100 k at 30 sen
they end up not the same
the one who buy cheaper lose the most.

BOH CHOW CCCCCCCCC AAAAAAAAAAAAAAA !!

let's hope bursa will NOT lift the suspension anytime soon.
because sebak is going to close shop for failing to pay MASSIVE Bond.
If open up before close shop
there will be more people get CON again and again.

Enough is enough.
Current holders already mention they don't mind losing all their money in Sebak.
Let them Lose in Peace.
Do not BAIL them out.

BOH CHOW CCCCCCCCCC AAAAAAAAAAAAAAAAA !!

:
#TangkapKarim
#TutupKedai

we are here in share market
to make money.

not in court arguing a case
where a lawyer will defend his guilty client to the death.
At least the lawyer make money from defending a criminal.

We are not doing Bahas Perdana
where winner get some prize.
we are not politician
to cheat voter to become minister

Best and fastest way to profit in share market
is to be able to think logically
have a good judgement
so that we can make a correct decision
whether to buy, hold or run like no tomorrow.

Develop our logic center
grow our frontal lobe more
fill in our memory with accurate data and information
so we can learn from experience - ours or others, good or bad.

Insas-WC 41 sen is a MUST BUY
Insas RM 1.03 is a CAN BUY
then Migrate to Australia
and say bye-bye to this ci-bye country !

BOH CHOW CCCCCCCCCCCC AAAAAAAAAAAAAAAAAAA !!

i am a medical doctor
i also very good in psychology, psychiatry and biology.

when an individual
keep harping on wrong issue,
knowingly and intentionally
for eg, saying a black is white for many times
either for fun or anything,

he will have to suppress his brain logic centre
and even need to work against its,
and after certain amount of time,
the logic centre will shrink and even suffer permanent damage.

As a result of this damage
he will start to develop impairment of judgement
and will lead to more mistake in other aspect of life.

I don't make this up.

i 20 years here never see minority take action
err ... actually i saw twice.

By sslee gang up with kyy to sue xingquan
anything come out from it ?
ZERO.

Another one in msport
2 lawyers buy up msport share to become major share holder
took over the EMPTY msport and become the director
and now everyday have to reply letter from ah long, bank, bursa, sc and polis.

using fake profit, fake inventory, fake property value, fake contract
raise 2 billions cash thru bond.
Wah duit masyuk !
Syiok !!

a customer pledging 100 million shares price RM 2 = RM 200 million
want to borrow RM 20 million to buy share
can lend or not ?

u announce fake company profit
so u can ask more money from shareholder and bank

u also borrow bank money to buy sebak share pp
because after u buy the share,
u announce fake profit,
and share price went up,

then u borrow more money using your share as margin
to take up more share pp
then u announce another fake profit
and share price went up

How long can u repeat this ?

In sebak case it started 2019
by end of 2019 kpmg start to suspect something not right.

In 2020, kpmg start to monitor, refuse to audit-fied 2020 account,
sebak change 2020 end account to jun 2021.

The rest is history.

So, which part that make no sense ?

Tipu duit bank dan duit pelabur.

First time see
One Big group of Conman
got caught in the net together.

Bursa is the Best.
Bravo !

From My outsider's insider's info :
Nexia will RESIGN as Serba Dinamik auditor soon.