Posted by dianatrader > 2021-11-11 17:32 | Report Abuse

Bursa should settle this too

Posted by muhfiq > Nov 11, 2021 10:08 AM | Report Abuse

Interesting moment

Some might lose the battle later

Act within capacity Bursa?

Posted by alieyasmart > 2021-11-11 17:36 | Report Abuse

Not simply suka-suka

osted by bobochacha > Nov 11, 2021 10:45 AM | Report Abuse

can suka suka terminate contract one meh??

Posted by Legend > 2021-11-11 17:41 | Report Abuse

KUALA LUMPUR (Nov 11): The High Court on Thursday (Nov 11) dismissed Serba Dinamik Holdings Bhd's application for an ad interim injunction to be imposed against Bursa Malaysia Securities Bhd and Ernst & Young Consulting Sdn Bhd (E&Y) from releasing a report on findings against the company.

Serba Dinamik had filed an originating summons against E&Y seeking to restrain the auditor from sharing any findings or opinions on the company.

Justice Datuk Ahmad Fairuz Zainol Abidin, however, granted Serba Dinamik's request for an adjournment of the hearing of the injunction application to respond to the affidavits filed by Bursa and E&Y.

“I will allow the plaintiff to respond to the affidavits following their request within one week of today (Thursday). As to their request for an ad interim and balancing in the interests of justice, this court orders that no ad interim [injunction] order be granted.

“The company cannot profit from its unpreparedness for them to proceed on the two matters this morning,” he said.

With this, the court has fixed Dec 8 to hear both applications at 2.15pm that day.

Bursa, which was represented by Datuk Loh Siew Cheang, and E&Y counsel Gopal Sreenevasan had objected to Serba Dinamik's counsel Mohamed Izzul Faris' application for an adjournment and an ad interim injunction to be given as they were prepared to argue the case.

Mohamed Izzul, who appeared with counsel Mak Lin Kum after the decision was made, had asked for an adjournment of the injunction application as they had to reply to the affidavits filed by Bursa on Wednesday and E&Y on Thursday.

Despite this, Mohamed Izzul had requested for the court to grant the ad interim to maintain the status quo.

An ad interim is mainly to temporarily prevent the other party from doing a specified act, which in this case is releasing any report on the company.

Posted by Profit77 > 2021-11-11 18:10 | Report Abuse

RM 63 mil project secured by SCIB.

Posted by gloveisgreat > 2021-11-11 18:25 | Report Abuse

https://m.malaysiastock.biz/Company-Announcement.aspx?id=1361419

Posted by Beast > 2021-11-11 18:25 | Report Abuse

ya client
no need pay one the project

Posted by cicakman > 2021-11-11 18:42 | Report Abuse

Do saman buisness better also.

Posted by newtrader1989 > 2021-11-11 19:40 | Report Abuse

Fake project

Posted by shpg22 > 2021-11-11 21:05 | Report Abuse

Most company do project in Middle East all lose money, SERBAKD can make double digit profit margin. Now we know why...

Posted by newtrader1989 > 2021-11-11 21:50 | Report Abuse

Fake

Posted by shybutter > 2021-11-11 22:08 | Report Abuse

Yah, wondering why Bursa really intimidating now

Posted by muhfiq > Nov 11, 2021 10:08 AM | Report Abuse

Interesting moment

Some might lose the battle later

Act within capacity Bursa?

Posted by Gerrardo > 2021-11-11 22:15 | Report Abuse

Is it really fake or just assumption based on unfinished reports?

Posted by shpg22 > Nov 11, 2021 10:11 AM | Report Abuse

Of course they have business and operation. Otherwise how to get listed with a kosong company? The issues is how they fake their exponential growth thru dubious dealing with imaginary companies.

Posted by risingstar21 > 2021-11-11 22:17 | Report Abuse

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

Posted by risingstar21 > 2021-11-11 22:19 | Report Abuse

SCIB situation will affected by result on SD surely

Posted by risekita8 > 2021-11-11 22:38 | Report Abuse

Just wait and see


Lucifer999
80 posts
Posted by Lucifer999 > Nov 11, 2021 10:12 AM | Report Abuse

not looking good

Posted by kamirise360 > 2021-11-11 22:42 | Report Abuse

With valid reason, sure can

Posted by bobochacha > Nov 11, 2021 10:45 AM | Report Abuse

can suka suka terminate contract one meh??

Posted by newtrader1989 > 2021-11-12 01:51 | Report Abuse

The new contract looks fake to me unless show us the signed contracts. With every contract announcement scib should mandatory provide the the copy of signed contracts for the shareholders to believe else nobody trust

Posted by hijau belalang > 2021-11-12 09:30 | Report Abuse

which parties involved?
many version
keep updated

Posted by Jenny > 2021-11-12 10:45 | Report Abuse

serbadk 嘛是有180亿项目，又如何？？？呵呵

Posted by wongchin > 2021-11-12 10:49 | Report Abuse

New project 64 m does not translate to big profit. Some project r tender bottom price or negotiated lower price js for the sake of award project to show to the share holder. Dt dream too big la. U might get roasted...

Posted by getingreal > 2021-11-12 11:47 | Report Abuse

New project 64 m... its called feeding chicken poo to the ican bilis.

Posted by Siijon > 2021-11-12 11:49 | Report Abuse

AR coming soon…

Posted by yappenghung > 2021-11-12 12:25 | Report Abuse

Cancel hundreds of million.
Get 64 mil.
So happy kah?
Think what happen to all the wip, stocks and debtors not collected.
Think of all the payables not paid.

Posted by Lucifer999 > 2021-11-12 12:28 | Report Abuse

not looking good

Posted by hijau belalang > 2021-11-12 12:33 | Report Abuse

simply interesting
may the truth prevail
looking for the announcemenr

Posted by hijau belalang > 2021-11-12 12:35 | Report Abuse

time to act
have the time

Posted by TryMakeGoodBuy > 2021-11-12 13:09 | Report Abuse

SC announced that they were investigating SD since May.
Hopefully there is no suspicious inter co transactions with SCIB.
Otherwise the account will be also be red flagged

Posted by muhfiq > 2021-11-12 14:15 | Report Abuse

Clarification must be made now

So much thing circulated

Take action

Posted by muhfiq > 2021-11-12 14:16 | Report Abuse

Everyone is paying close attention to this

Sure have many effect

Better to have alternatives

Posted by muhfiq > 2021-11-12 14:18 | Report Abuse

What are the current state of performance?

Good for most of them?

Posted by amirf1221 > 2021-11-12 14:38 | Report Abuse

Some might argue the sentiments
But we know
Can see the difference

Posted by amirf1221 > 2021-11-12 14:41 | Report Abuse

How about the announcement?
Will take longer time?
Or have other plan?

Posted by amirf1221 > 2021-11-12 14:49 | Report Abuse

Would be great if the announcement is made earlier
Got time to prepare
Better preparation

Posted by treatshijau > 2021-11-12 15:25 | Report Abuse

no huge changes
will see in near soon

Posted by treatshijau > 2021-11-12 15:26 | Report Abuse

most of us just monitor
then will act
but have few options is good

Posted by 123eztrade > 2021-11-12 15:27 | Report Abuse

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

Posted by treatshijau > 2021-11-12 15:28 | Report Abuse

not much update
will see how they act soon
maybe market will react too

Posted by InterFund® > 2021-11-12 17:24 | Report Abuse

First week of suspension.......................... 9999999 weeks to go.......................................

Posted by shybutter > 2021-11-12 17:59 | Report Abuse

Not that long. Hahaha

Posted by InterFund® > Nov 12, 2021 5:24 PM | Report Abuse

First week of suspension.......................... 9999999 weeks to go......

Posted by Gerrardo > 2021-11-12 18:07 | Report Abuse

Sure no update. Wait for SD also

Posted by treatshijau > Nov 12, 2021 3:28 PM | Report Abuse

not much update
will see how they act soon
maybe market will react too

Posted by risingstar21 > 2021-11-12 18:25 | Report Abuse

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

Posted by kamirise360 > 2021-11-12 18:50 | Report Abuse

Yes. Just monitor and relax

Posted by treatshijau > Nov 12, 2021 3:26 PM | Report Abuse

most of us just monitor
then will act
but have few options is good

Posted by risekita8 > 2021-11-12 18:56 | Report Abuse

Wait until SD issue settle i think

Posted by amirf1221 > Nov 12, 2021 2:41 PM | Report Abuse

How about the announcement?
Will take longer time?
Or have other plan?

Posted by newtrader1989 > 2021-11-12 19:37 | Report Abuse

SD issue will only settle with delisting

Posted by dianatrader > 2021-11-12 20:25 | Report Abuse

Yes. Many people in monitoring mode only now

Posted by treatshijau > Nov 12, 2021 3:26 PM | Report Abuse

most of us just monitor
then will act
but have few options is good

Posted by kfbusjd > 2021-11-12 20:29 | Report Abuse

先看看SIR有多糟糕吧。反倒是最近这间scib一下子终止了那么多合约，这个举动会让我怀疑是不是因为那些合约都是假的，现在serba出事了立刻来个和平解约把那些假的合约告一段落？还是希望SIR快点出来，管他有多糟

Posted by alieyasmart > 2021-11-12 20:31 | Report Abuse

Another negative comments.

Only talk about delisting. What a crap

Posted by newtrader1989 > Nov 12, 2021 7:37 PM | Report Abuse

SD issue will only settle with delisting

Posted by NatsukoMishima > 2021-11-12 22:50 | Report Abuse

The Fitch rating system is as follows:

Investment grade

AAA: companies of exceptionally high quality (established, with consistent cash flows)
AA: still high quality; still has a low default risk.
A: low default risk; slightly more vulnerable to business or economic factors
BBB: a low expectation of default; business or economic factors could adversely affect the company

Non-investment grade

BB: elevated vulnerability to default risk, more susceptible to adverse shifts in business or economic conditions; still financially flexible
B: degrading financial situation; highly speculative
CCC: a real possibility of default
CC: default is a strong probability
C: default or default-like process has begun
RD: issuer has defaulted on a payment
D: defaulted

Karam stocks are belong to which grade ???

Posted by thestockoracle > 2021-11-12 23:22 | 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.

Posted by bobvic96 > 2021-11-12 23:28 | Report Abuse

I believe the SCIB share price was circa RM0.15 until Karoom Carried across his "business technique" to SCIB.