not big problem ,.. management change uncompetence auditor ,good decision..

5. MEASURES / STEPS TO BE TAKEN BY SDHB TO ADDRESS THE MATTERS UNDER REVIEW

The Company has taken and will be taking the following steps:

 Reverted with reply to queries to the external auditors on 6 May 2021;

 Provided the necessary information including contact details of the relevant parties as requested by the external auditors to satisfy their extended procedures requirements;

 Provided all outstanding audit information as requested by the external auditors; and

 Constantly attempt to engage with the external auditors to resolve matters on hand

5. MEASURES / STEPS TO BE TAKEN BY SDHB TO ADDRESS THE MATTERS UNDER REVIEW

The Company has taken and will be taking the following steps:

 Reverted with reply to queries to the external auditors on 6 May 2021;

 Provided the necessary information including contact details of the relevant parties as requested by the external auditors to satisfy their extended procedures requirements;

 Provided all outstanding audit information as requested by the external auditors; and

 Constantly attempt to engage with the external auditors to resolve matters on hand

Issues raised by KPMG:

- 2 local suppliers were incorporated on the same day - 4 local suppliers were found to have the same registered address as the 2 local suppliers above - 5 suppliers out of the 6 suppliers were noted to have paid-up capital of RM100,000 each where each supplier is owned by an individual shareholder despite having transactions which ranges between RM60 million to RM96 million.

Management’s Action / Reply to queries:

Choice of local suppliers

The Government of Malaysia has implemented the Vendor Development Program (“VDP”) since 1998 of which the objective is to develop Bumiputera vendors to be successful in the manufacturing and services industry.

The Company has become PETRONAS vendor in 1997 and graduated from PETRONAS vendor in 2007 and subsequently, the Government has appointed the Group as the anchor company for the program.

The aforesaid suppliers are assessed and recommended by supply change management under the VDP. Companies that were appointed as the Group’s vendors do not require to have huge share capital as a condition to assign and fresh vendors will also be considered, through VDP.

Same address of local suppliers

Company has informed that the registered address was actually the company secretary’s office and these companies are using the same secretarial services.

Arrangement on further interviews with the local suppliers

2 suppliers have agreed to meet up with KPMG. Notwithstanding, KPMG has yet to take any further action.

In respect to the 6 local suppliers as mentioned above the total transaction amounting to RM481 million as stated by KPMG.

The Company has responded to KPMG on all queries on 6 May 2021 and to-date, KPMG has yet to revert with the above.

they do right thing, appoint new auditor with good skill

We refer to your Company’s announcement dated 25 May 2021 in respect of the aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-
1) The details of the matters (specific area) highlighted by the external auditors pertaining to the statutory audit and the financial amount involved in each of the matters, where applicable.
2) The targeted date of appointment of the independent firm and the specific areas and scope of the independent review to be undertaken.
3) The financial and operational impact of the matters under review on the Company.
4) The measures or steps taken/to be taken by the Company to address the matters under review, apart from the appointment of an independent firm to undertake a special independent review.
5) Whether there is any independent committee established internally by the Board of Directors to manage and handle matters in relation to the independent review.

actually not big issue...

We refer to your Company’s announcement dated 25 May 2021 in respect of the aforesaid matter.

In this connection, kindly furnish Bursa Securities with the following additional information for public release:-
1) The details of the matters (specific area) highlighted by the external auditors pertaining to the statutory audit and the financial amount involved in each of the matters, where applicable.
2) The targeted date of appointment of the independent firm and the specific areas and scope of the independent review to be undertaken.
3) The financial and operational impact of the matters under review on the Company.
4) The measures or steps taken/to be taken by the Company to address the matters under review, apart from the appointment of an independent firm to undertake a special independent review.
5) Whether there is any independent committee established internally by the Board of Directors to manage and handle matters in relation to the independent review.

auditor jobs ..need to find out

very detail ....

serba already reply to bursa, can check now...

2. DETAILS OF THE MATTERS HIGHLIGHTED BY THE EXTERNAL AUDITORS
The Company wishes to inform that the matters raised mainly by the external auditors on 3
May 2021 pertaining to the statutory audit relates to the following:
2.1 Certain customers’ confirmation relating to sales transactions, trade receivables
and material on site balances
Issues raised by KPMG:
- KPMG had sent out confirmations on the aforesaid balance where only 1 reply out of
12 customers was received by KPMG.
- In order to hasten the process, the Company had subsequently sent a second
confirmation to the remaining 11 customers with same amount as in our first
confirmation to the relevant debtors of which all have replied.
- Based on the meeting dated 3 May 2021, KPMG has yet to test the completeness and
- is not able to verify the authenticity of the confirmations identified nor validate the
person signing the confirmation.
Management’s Action / Reply to queries:
In addressing the above queries, the Company had carried out the following:
- Proposed to arrange for interviews and other means of communication between
KPMG and certain debtors to clarify matters;
- The Board also suggested to KPMG to send the third confirmation;
- Requested KPMG to share the signed confirmation that was in contentious for the
Company’s further investigation; and
- Commitment to continuously assist KPMG.

settle..

can check details from bursa..they gv the explanation

transparent

Good, finally gv details on the issue

2. DETAILS OF THE MATTERS HIGHLIGHTED BY THE EXTERNAL AUDITORS
The Company wishes to inform that the matters raised mainly by the external auditors on 3
May 2021 pertaining to the statutory audit relates to the following:
2.1 Certain customers’ confirmation relating to sales transactions, trade receivables
and material on site balances
Issues raised by KPMG:
- KPMG had sent out confirmations on the aforesaid balance where only 1 reply out of
12 customers was received by KPMG.
- In order to hasten the process, the Company had subsequently sent a second
confirmation to the remaining 11 customers with same amount as in our first
confirmation to the relevant debtors of which all have replied.
- Based on the meeting dated 3 May 2021, KPMG has yet to test the completeness and
- is not able to verify the authenticity of the confirmations identified nor validate the
person signing the confirmation.
Management’s Action / Reply to queries:
In addressing the above queries, the Company had carried out the following:
- Proposed to arrange for interviews and other means of communication between
KPMG and certain debtors to clarify matters;
- The Board also suggested to KPMG to send the third confirmation;
- Requested KPMG to share the signed confirmation that was in contentious for the
Company’s further investigation; and
- Commitment to continuously assist KPMG.

4.8 million shares

boss keep buying cheap ticket

hopefully BOD can solve serba problems

i think serbak hv discuss their problems with BOD..

sometime view point every auditor different...

some auditor not familiar new business...they cant do job well...

monday sure up

they are exprience auditor

i think bod know the problem, they can solve..kpmg not competence..

monday rebound back

good move...

BDO Malaysia

BDO in Malaysia is a member firm of BDO International, the world’s fifth largest network of professional firms providing audit

Why BDO?

BDO is founded on the culture that people and hence relationship matters.  When asked, who we are and how we are different from our closest competitors, people who know us are known to respond that “BDO is the ‘People’ firm”. 
We listen to our clients to give them the value and levels of service that they have come to expect from working with us – nothing short of exceptional.  It is no wonder, as people are at the heart of our business.
Our strength lies in our people – the experience and the insights they bring to each and every engagement.  From this vantage point, we service our clients and tailor our solutions to align with meeting and where possible, exceeding their needs.
What more - the BDO structure allows us to have the flexible characteristics of a local specialist firm, whilst drawing on the wealth of specific expertise and resources of a world-wide network and strength of a large scale global player. This uniqueness reinforces our shared culture.  
Our end goal is to build a firm that contributes to our industry, nation and communities. We do this by committing to delivering exceptionally through our people and by being grounded in our values.
We believe we need to be a firm that people who work with and for us, can be proud of

Why BDO?

BDO is founded on the culture that people and hence relationship matters.  When asked, who we are and how we are different from our closest competitors, people who know us are known to respond that “BDO is the ‘People’ firm”. 
We listen to our clients to give them the value and levels of service that they have come to expect from working with us – nothing short of exceptional.  It is no wonder, as people are at the heart of our business.
Our strength lies in our people – the experience and the insights they bring to each and every engagement.  From this vantage point, we service our clients and tailor our solutions to align with meeting and where possible, exceeding their needs.
What more - the BDO structure allows us to have the flexible characteristics of a local specialist firm, whilst drawing on the wealth of specific expertise and resources of a world-wide network and strength of a large scale global player. This uniqueness reinforces our shared culture.  
Our end goal is to build a firm that contributes to our industry, nation and communities. We do this by committing to delivering exceptionally through our people and by being grounded in our values.
We believe we need to be a firm that people who work with and for us, can be proud of

good remove kpmg uncompetence auditor

DescriptionSerba Dinamik Holdings Berhad - Special Notice on Proposed Removal of Auditors and Appointment of New Auditors

The Board of Directors of Serba Dinamik Holdings Berhad (“the Company”) wishes to announce that the Company had on 28 May 2021 received a special notice from Datuk Haji Abdul Kadier Sahib, a Non-Independent Non-Executive Director and a shareholder holding 15.96% of the total issued share capital of the Company, proposing the following:

the Company to convene an extraordinary general meeting ("EGM") pursuant to Section 311 of the Companies Act 2016 (the "Act");

the proposed removal of KPMG PLT as auditors of the Company ("Proposed Removal of Auditors") pursuant to Sections 277 and 322 of the Act; and

the proposed appointment of BDO PLT as new auditors of the Company in place of KPMG PLT for the financial year ending 30 June 2021 ("Proposed Appointment of New Auditors").

(The Proposed Removal of Auditors and Proposed Appointment of New Auditors are collectively referred to as the "Proposals").
 
The Proposals are subject to the approval being obtained from the shareholders at an EGM to be convened later.
 
A Circular to Shareholders containing details of the Proposals together with the Notice of EGM will be despatched to the shareholders of the Company in due course.
 
This announcement is dated 28 May 2021.

BDO Malaysia

BDO in Malaysia is a member firm of BDO International, the world’s fifth largest network of professional firms providing audit

BDO Malaysia

BDO in Malaysia is a member firm of BDO International, the world’s fifth largest network of professional firms providing audit

remove uccompetence auditor

OTHERS Serba Dinamik Holdings Berhad - Special Notice on Proposed Removal of Auditors and Appointment of New Auditors

SERBA DINAMIK HOLDINGS BERHAD
TypeAnnouncementSubjectOTHERS
DescriptionSerba Dinamik Holdings Berhad - Special Notice on Proposed Removal of Auditors and Appointment of New Auditors

The Board of Directors of Serba Dinamik Holdings Berhad (“the Company”) wishes to announce that the Company had on 28 May 2021 received a special notice from Datuk Haji Abdul Kadier Sahib, a Non-Independent Non-Executive Director and a shareholder holding 15.96% of the total issued share capital of the Company, proposing the following:

the Company to convene an extraordinary general meeting ("EGM") pursuant to Section 311 of the Companies Act 2016 (the "Act");

the proposed removal of KPMG PLT as auditors of the Company ("Proposed Removal of Auditors") pursuant to Sections 277 and 322 of the Act; and

the proposed appointment of BDO PLT as new auditors of the Company in place of KPMG PLT for the financial year ending 30 June 2021 ("Proposed Appointment of New Auditors").

(The Proposed Removal of Auditors and Proposed Appointment of New Auditors are collectively referred to as the "Proposals").
 
The Proposals are subject to the approval being obtained from the shareholders at an EGM to be convened later.
 
A Circular to Shareholders containing details of the Proposals together with the Notice of EGM will be despatched to the shareholders of the Company in due course.

Good.. remove uncompetency auditor

OTHERS Serba Dinamik Holdings Berhad - Special Notice on Proposed Removal of Auditors and Appointment of New Auditors

SERBA DINAMIK HOLDINGS BERHAD
TypeAnnouncementSubjectOTHERS
DescriptionSerba Dinamik Holdings Berhad - Special Notice on Proposed Removal of Auditors and Appointment of New Auditors

The Board of Directors of Serba Dinamik Holdings Berhad (“the Company”) wishes to announce that the Company had on 28 May 2021 received a special notice from Datuk Haji Abdul Kadier Sahib, a Non-Independent Non-Executive Director and a shareholder holding 15.96% of the total issued share capital of the Company, proposing the following:

the Company to convene an extraordinary general meeting ("EGM") pursuant to Section 311 of the Companies Act 2016 (the "Act");

the proposed removal of KPMG PLT as auditors of the Company ("Proposed Removal of Auditors") pursuant to Sections 277 and 322 of the Act; and

the proposed appointment of BDO PLT as new auditors of the Company in place of KPMG PLT for the financial year ending 30 June 2021 ("Proposed Appointment of New Auditors").

(The Proposed Removal of Auditors and Proposed Appointment of New Auditors are collectively referred to as the "Proposals").
 
The Proposals are subject to the approval being obtained from the shareholders at an EGM to be convened later.
 
A Circular to Shareholders containing details of the Proposals together with the Notice of EGM will be despatched to the shareholders of the Company in due course.

lagi byk orang mati

next week serba buka, drop lagi

many people die coz of serba

margin call soon

kpower scib many margin call

1.31x4=4.20..before split price

boleh 3 hari...

serba Monday suspend

3.0 Situations which may warrant suspension

3.1 Upon a request made by a listed issuer, a suspension may be allowed by the Exchange, at its discretion, on the basis of the following reasons:-

(a) where the listed issuer requires time to prepare and release an announcement relating to a material transaction, such as:-

(i) a reverse take-over; (ii) very substantial acquisition; (iii) significant change in the business direction or policy of a listed company as defined under Chapter 1 of the Listing Requirements; or (iv) any other corporate exercise which the Exchange considers to be material;

(b) where the listed issuer intends to:-

(i) make a material announcement; or (ii) hold a press conference to make a material announcement,

before the close of trading; or

(c) any other reason which, in the opinion of the Exchange, justifies a suspension.



4.0 Periods of suspension

4.1 In the event the Exchange grants a suspension for the reasons stated in paragraph 3.1, the periods of suspension that may be approved by the Exchange are as stated below:-

(a) where the reason for suspension falls within the ambit of subparagraph 3.1(a), for a period of up to 3 market days only;

(b) where the reason for suspension falls within the ambit of subparagraph 3.1(b), for a period of up to 1 market day; and

(c) where the reason for suspension falls within the ambit of subparagraph 3.1(c), the suspension shall be for such period as deemed appropriate by the Exchange.

Monday maybe suspend

3 market days allowed to suspend