KPower extended its decline, down by nine sen to RM1.36 and SCIB four sen to RM1.18 following the voluntary suspension of Serba Dinamik for the second day. The voluntary suspension was pending the release of further clarification announcement made on May 25. Serba Dinamik group managing director and chief executive officer Datuk Mohd Abdul Karim Abdullah is a substantial shareholder in KPower and SCIB.
if the Serbadk auditors resign, it will be more worse. So currently better wait for Serbadk issue settle first. It is now the issue of perception and transparency. The uncertainty which is like a sword of Damocles hanging over the organisation's head puts that at risk.
i am refering to the external auditors KPMG. Thats the the last line of defence. I never pay attention to a company's internal auditors as they are salaried employee of the organisation.
Not see any clear reason for it to reverse, but strong probability it will continue to go south next week, especially when it close flat bottom red candle for this week.
Restaurant never pay elec bill, sure lah no power. KPower no power. 30% off all menu in Serba Restaurant when it opens on Monday. We also sell our cook book - Karim can Cook, with bonus DVD.
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.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
HappyTrade
69 posts
Posted by HappyTrade > 2021-05-28 12:19 | Report Abuse
Someone is buying 1.63% of shares at 1.5 on 27 May 2021. Direct business transaction.
Something fishy ?