Kindly be advised that trading in the Company's securities will be suspended with effect from 2.30 p.m., Friday, 22 October 2021 until further notice. The suspension is effected pursuant to paragraph 16.02(1)(c) of the Main Market Listing Requirements in the interest of maintaining an orderly and fair market in the trading of SERBADK’s securities.
Accordingly, all structured warrants relating to SERBADK will also be suspended at the same time.
Should not have been allowed to even sell warrants….there should have been a trading ban or suspension long time ago! This sort of things is nit equitable to normal retail or imsotiruinal investors assuming you have only public line information. Insiders have all the info and are allowed to deal! Shocking really.
Can you do simple maths...40 cents x 5 times return is $2.00 and warrants would still be worth zero on expiry. Why should Karim hold the warrants over the mother share
. A Statement of Action from the Supporters of CEO Karim and Serba Dinamik Berhad.
We have been aware and would officially state that we will deny and prevent the hostile takeover of Serba Dinamik Berhad through guerilla tactics.
We the mutual and institutional funds and retail investors in support of CEO Karim and Serba Dinamik Berhad would ensure that the current Board and Management and great team at Serba Dinamik Berhad would continue in the foreseeable future.
We will maintain more than 2/3 of overall share support for CEO Karim and Serba Dinamik Berhad.
bursa does not want insider to sell stocks as they have material information on audit matter? Hardly we see bursa suspensed a particular stock... normally is requested by company...
16.02 Suspension of trading imposed by the Exchange (1) The Exchange may at any time suspend the trading of listed securities in any of the following circumstances: (c) where, in the opinion of the Exchange, it is necessary or expedient in the interest of maintaining an orderly and fair market in securities traded on the Exchange;
Kindly be advised that trading in the Company's securities will be suspended with effect from 2.30 p.m., Friday, 22 October 2021 until further notice. The suspension is effected pursuant to paragraph 16.02(1)(c) of the Main Market Listing Requirements in the interest of maintaining an orderly and fair market in the trading of SERBADK’s securities.
Should be bad news. If got good news, sure big boys buy up before the break. Big boys dump in the morning before suspension. Karim has already disposed its warrants before the susoension. What a coincidence lol
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Posted by KinYin > 2021-10-22 14:28 | Report Abuse
Suspension until further notice!