Posted by Blacksails > 2021-12-15 10:26 | Report Abuse

Could be money laundering case whereby its customers are good paymasters

Posted by Abidjan > 2021-12-15 12:12 | Report Abuse

If a rating agency rate your company as "RD" (restricted default) that means the company is in distress and unable to make due interest payments to its bondholders.
Serbadk and Evergrande are recently rated as "RD" and therefore are in distress.

Posted by s30w > 2021-12-15 15:42 | Report Abuse

Agree on money laundering. If the income are illegal, this raise even higher concern on the business legitimacy. And if everything is fine, can someone explain why it couldn't service its debt on time? The only explainable guess for me, is the "customer" are something fishy. And since this drama ballooned, they are afraid of their cash inflow being seized / traced when investigation gets more serious and stop paying. Hence the liquidity issue now.

Posted by fattydad > 2021-12-15 16:15 | Report Abuse

No need to spend so much time analyze if the audit finding is true or not. One just need to answer a question of why they cannot afford to pat merely $7m coupon interest.

Posted by goldenluck16 > 2021-12-15 18:00 | Report Abuse

HAHAHA...pathetic analysis.

Posted by InsiderShark > 2021-12-15 19:15 | Report Abuse

lose money until gila already, most probably average down and then average down again... and again.

Posted by Leoleo > 2021-12-15 20:23 | Report Abuse

Who are u to say kpmg n EY did wrongly ?

Posted by SunnySunshine > 2021-12-16 10:48 | Report Abuse

i3 is now considered a place or a source of fake news?

Posted by Thirai Thiraviam > 2021-12-16 17:22 | Report Abuse

@ǷearlꙌhite first wrote about SERBADK about six months ago, on June 8, 2021. Since then, he has written around 1,400 posts, all about SERBADK, and nothing else. Relentless.

Posted by firehawk > 2021-12-16 17:36 | Report Abuse

:-) :-) ;-)

Posted by xxxx > 2021-12-16 17:45 | Report Abuse

To believe or not to believe, that is the question. I believe KPMG and EY though.

Posted by BlessedInvestor > 2021-12-16 21:03 | Report Abuse

i believe in KPMG and EY.

Posted by AlsvinChangan > 2021-12-16 22:00 | Report Abuse

going to make police commercial crime report if bursa do not start delisting procedure on Serba Dinamik immediately

Posted by m3379 > 2021-12-16 22:45 | Report Abuse

Imagine if SD managed to pay the coupon. There will be 1000 more articles on that