Now EPF has disposed again and again.

Better run away

Better follow Kenanga which ask us to sell

The price has become worst

This SD situation now has become more interesting now.

Should follow until finish.

Suspension in trading

In light of Serba Dinamik's refusal to make the announcement, and pursuant to Bursa's powers under the MMLR, Bursa decided to suspend the trading of the company's securities on Oct 22.

“After the suspension, on Oct 22, Bursa issued a directive to Serba Dinamik to disclose the findings and directs it to make an announcement on the findings by Oct 26, failing which it shall effect a suspension of trading of it’s securities on the next market day.

“However, Serba Dinamik failed to comply with the directive,” the court document said adding this led to Serba Dinamik's securities trading to be suspended with effect from 9am on Oct 27.

Bursa further alleged that Serba Dinamik's refusal and failure to disclose the findings is a contravention of MMLR requirements.

“Its continuing refusal and/or failure to comply with the directive (by Bursa) warrants Bursa to do all acts necessary to enforce and give effect to the directive.

“This honourable court has the power to make such orders pursuant to Section 360(1)(c)(i) and/or (ii) (J) and/or (K) and/or (M) and read together with s 360(4) of the Capital Markets and Services Act, inter alia for Serba Dinamik to make an announcement on the findings,” the legal document said.

Serba Dinamik seeks to remove presiding judge

Meanwhile, Serba Dinamik had earlier this month filed two separate actions at the High Court against Bursa and also E&Y to stop them from releasing the findings.

A case management of the case was done on Tuesday (Nov 23), before Justice Datuk Ahmad Fairuz Zainol Abidin, where it is understood the company sought to have the judge removed from presiding over the case.

This follows Justice Ahmad Fairuz had previously served with the Securities Commission (SC) as its deputy chief executive before becoming a High Court judge.

Serba Dinamik, which had sought an injunction against Bursa and E&Y from releasing the report, earlier this month had sought more time from the judge to respond and answer Bursa and E&Y's affidavit in rep

Why Bursa sought Serba Dinamik to be compelled to make public announcement on independent review
Author: savemalaysia | Publish date: Wed, 24 Nov 2021, 12:22 PM



KUALA LUMPUR (Nov 24) : Since Oct 21, this year Bursa Malaysia had advised Serba Dinamik Holdings Bhd to make a public announcement with regards to the Ernst and Young Consulting Sdn Bhd (E&Y) findings over the four scope of its Special Independent Review (SIR) of the company.

In an affidavit in support by Julian Mahmud Hashim, Bursa's chief regulatory officer (CRO), it was stated that a joint meeting was held on Oct 21, attended by representatives from Bursa, Serba Dinamik independent non-executive directors (INED), and E&Y, and in the meeting Bursa felt in its considered judgement there are “material information” from E&Y initial report which must be disclosed to the public.

“This follows the findings are reasonably expected to have a material effect on the price, value or market activity of Serba Dinamik and the decision of a holder of securities of the company or an investor in determining its, or his or her choice of action,” in court documents sighted by theedgemarkets.com.

The court documents filed by Messrs Chooi & Company + Cheang & Ariff, are in relation to Bursa's announcement on Tuesday evening, to seek a court order to compel Serba Dinamik to make a public announcement of the SIR findings.

In Bursa's application, it is seeking a declaration that Serba Dinamik had contravened or breached and is in continuing contravention and breach of its obligations under the Main Market Listing Requirements (MMLR), when it refused or failed to comply with Bursa's instructions on Oct 22.

It also sought Serba Dinamik to be compelled to disclose the E&Y's SIR and the KPMG findings.

It also sought a court order directing Serba Dinamik to complete the SIR with E&Y or in the event of EY's premature resignation or its termination, the court orders the company to appoint an independent reviewer with international affiliation within 14 markets days for the SIR to be completed.

The SIR was done to assess the veracity and accuracy in matters raised by KPMG, as the auditor found questions regarding the recognition of Serba Dinamik and its subsidiaries revenue, purchases, receivables, payables and materials on site balances which may affect the company's financial position.

In the Oct 21 joint meeting, Bursa also informed Serba Dinamik's obligations to announce the SIR findings.

“However, the INED of the company who were present, expressed their concern on the timing of making the announcement, in light of the absence of the chairman at the joint meeting.”

“The next day, Bursa contacted Serba Dinamik to advise it and present its views again for them to make an immediate announcement of the findings, to which the company was of the opinion that the findings are not material information and does not warrant an announcement,” the affidavit states.

But i don't think Johor Sultanate want to involve with SD.

They have many more good businesses in hand

Do you mean the Sultan himself or the HRH TMJ?

Posted by stocksensei > Nov 24, 2021 7:25 PM | Report Abuse

If there is 1 person that can save SB now , That person will be the most powerful man and richest Sultan in Malaysia ..HRH Sultan of Johor. Lets see

Kenanga and Aminvest already suggested to sell.

Split opinions?

TG is doing green today.

But not good for supermax.

Genting also being slow today.

Why suddenly the market so slow?

They always relate on anything politics related. Haha

Posted by Business101 > Nov 22, 2021 6:09 PM | Report Abuse

why only this stock gotta do with election? Alot of Maybank branches in Malacca ke?

Everything is possible in trade market.

Sometimes we think we already knew the secret, but the more we know, is actually the more we didn't know.

Are you sure sharks also didn't pay the naysayers to bring the price more lower?

And they will grab all later? heeee

Posted by wongchin > Nov 23, 2021 3:31 PM | Report Abuse

U all know why naysayer never get bored comment?? Bcos those promoter also never get bored promoting non stop. Shark sure pay well promoter. Hehe

Our own risk, with our own action.

I already ok with that

Posted by amirf1221 > Nov 22, 2021 11:38 AM | Report Abuse

All got respective plan
But need concrete one
Without proper execution, hard to recover

The question that we all cannot answer.

SD need to settle their accounting and audit first.

Posted by 188investor > Nov 22, 2021 11:07 AM | Report Abuse

...how long suspend..really sht

Always put your trust on tiger bank.

Posted by apple168 > Nov 22, 2021 4:11 PM | Report Abuse

Tiger bank is no joke…

EPF keep on making money with people money. Hehe

Posted by Shinnzaii > Nov 22, 2021 4:18 PM | Report Abuse

Haiyo...EPF withdraw for Icitra...PNB and Yayasan withdrawal for working capital ah?hehe

And even for us also, the investors.

No need to be so sentimental with the counters.

Just business only

Most companies didn't care also. They just want profits

Posted by nicholas99 > Nov 19, 2021 4:38 PM | Report Abuse

For a company who don't care about you. why bother invest.

Surely GenM also will rise again soon.

Just calm

If you want to go, just go.

Posted by chokin > Nov 19, 2021 1:57 PM | Report Abuse

genting a real jialat counter, avoid it at all cost !

Can queue to buy?

Hihi

Posted by 5c0160 > Nov 19, 2021 5:50 PM | Report Abuse

Next week 1.50

Once the online gambling will be approved, surely Genting can be one of the big companies in Malaysia.

Thanks to PAS

Can queue at 8.00

Maybank will surely go up later

Despite i am chinese, but i do respect the bumiputras in here.

Stop playing race issues in here. Come on

Aiyoo.. Why must play racist issue in here?



Posted by InterFund® > Nov 18, 2021 6:54 PM | Report Abuse

Shop lot cinapek company...................

Oh no. No more mco pleaseeee

Posted by Lucifer999 > Nov 17, 2021 4:53 PM | Report Abuse

no mco maybe emcococoemcococ

Despite the slow market on Maybank, yet Maybank still one of the reliable market.

Just stay calm

If it is true they got extension for AR, how about ghe the SIR?

Any updates on that?

Is this confirmed?

Posted by solomolo > Nov 17, 2021 4:12 PM | Report Abuse

.............

Serba Dinamik Holdings Bhd has been granted a one-month extension by Bursa Malaysia to issue its annual report, including its audited financial statements and the auditors’ and directors’ reports for the financial year ended June 30, 2021.

The new deadline, is Nov 30.

https://www.freemalaysiatoday.com/category/nation/2021/10/26/serba-din...

Which Genting counters doing well actually?

I still waiting for them to rise again

After few days of greenery days, now it turn back to normal red.

Seems like some of them cashing out little profits for pocket money. Hee

And from my side of view, it is still good when seeing SD continuing their business as usual.

Good project actually. I believe if SD currently is not facing any difficulties in Bursa, the price will surely hiking up due to this project.

Posted by bojed > Nov 16, 2021 9:34 AM | Report Abuse

I won't talk down on their latest project in developing an algorithm that is able to detect people who are infected with Covid-19 from their coughing sound because this technology is actually legit.

https://news.mit.edu/2020/covid-19-cough-cellphone-detection-1029

https://www.nst.com.my/news/nation/2021/10/740133/local-researchers-de...

However, I am a bit concerned because they seem to shy away from their signature business model this year, especially since the start of the KPMG saga. Many of their recent projects are local, and they're not big projects either for a company of SD's stature. Maybe SD are in an urgent need of generating quick money.

The curtains are drawing closer by the day for SD but funnily enough they seem nonchalant about it.

On SD, i will just wait for the outcomes later.

Till then i also continue my business as usual at other stocks.

Agree. Kpower doing quite well also

Posted by SHQuah > Nov 15, 2021 1:06 PM | Report Abuse

Kpower doing very well. Very Good support at 50 cents. I expect SCIB once opt will go higher. Karim need to push Kpower and SCIB higher inorder to stop bank force selling for Serbadk when open.

When they scared the investors, later they are the ones who will grab all at low price.

Posted by thestockoracle > Nov 12, 2021 11:22 PM | Report Abuse

a lot of unfounded negative comments here trying to scare investors away
fact is once scib files the annual report, price will shoot back up to 0.30 possibly 0.40. full stop...
many people predicted the price will drop to below 0.10 prior to suspension but once again these naysayers and jealous freaks are proven so wrong.

Still not going up today. Wonder why

Posted by leestar > Nov 14, 2021 8:46 PM | Report Abuse

Hope price can up tomorrow

Another green day for Genting

Really?

I don't think so.

Hahaha

Posted by 123eztrade > Nov 12, 2021 3:27 PM | Report Abuse

better don't look at all serbak related counters...all and all will very likey be delisted next year

Don't create racist issue here.

Be mature

Dont play racist button

Posted by IdleMoney66 > Nov 12, 2021 6:01 PM | Report Abuse

Karim = Icon Bumiputera Entrepreneur
So Karim = Scammer ?
Then, Bumiputerea = ??

Genting should uprise now

But Public Bank still ask to hold

PublicInvest Research Headlines - 11 Nov 2021
Source : PUBLIC BANK, Price Call : HOLD, Price Target : 0.31
Last Price : 0.35, Upside/Downside : -0.04(11.43%)

That is why SD need to solve this.

Posted by Burstard > Nov 11, 2021 8:09 PM | Report Abuse

I think it's time to wake up looks like serba is literally gone this time.will take years to fix this shit

SCIB situation will affected by result on SD surely

It is really hot now

Posted by muhfiq > Nov 11, 2021 10:14 AM | Report Abuse

What else will be known?

Can't wait

More heated moments ahead

When actually the skyworld will be open?

Posted by Stocksafeplayer > Nov 8, 2021 2:10 PM | Report Abuse

Hope can get more discounts before skyworlds open :) Thanks @Agjl for sharing good news

Squid game still a good deal

Posted by tinojuan71 > Nov 10, 2021 2:39 PM | Report Abuse

Another squid game token for scib

If the current holders want to stay hold, just let them be.

For who does not want to follow SD, just go to other counters.

No harm, no force.