Posted by Kensington > 2021-10-22 16:59 | Report Abuse

Bursa suspends trading of Co and its warrants w.e.f. Friday afternoon until further notice.

Posted by bojed > 2021-10-22 17:02 | Report Abuse

Datuk Karim sold all his warrants with the intention of utilizing all that money to buy more mother shares. If he really means that, I guess Thursday will be the soonest you can expect for an announcement to be made in this regard.

On top of that, SIR from EY is also due by next Friday.

Other than that, if you're holding SD shares, there's nothing much you can do except praying to God and hoping for the best.

Posted by tradersampah > 2021-10-22 17:05 | Report Abuse

let pray for the best, we as shareholder want business in long running..more profitable and giving job to society.

Posted by InterFund® > 2021-10-22 17:06 | Report Abuse

I paid RM2.7 million ticket to Amsterdam today......................................

Posted by newtrader1989 > 2021-10-22 17:06 | Report Abuse

I dun think karim tired to sell all his mother shares. Because the number of shares is a lot and we did not see such a big sell queue. Highly likely another director tried to sell of all his warrants which lead to Suspension

Posted by kfliau > 2021-10-22 17:08 | Report Abuse

The suspension is by bursa, not at the request of company. Something is not right. Good luck to all holders

Posted by colin888 > 2021-10-22 17:08 | Report Abuse

My 2 cents! Calling for suspension means…. Bad news on EY report. They want to arrest the drop

Posted by colin888 > 2021-10-22 17:08 | Report Abuse

If good news! No need to suspend

Posted by yingzhe17 > 2021-10-22 17:10 | Report Abuse

MACC coming soon

Posted by Sohai Trader > 2021-10-22 17:10 | Report Abuse

never touch a company with accounting scandal.....it is the last thing for auditor to expose a company publicly.... we always want to avoid that.

If a company is exposed publicly, means shit really hit the fan

Posted by risingstar21 > 2021-10-22 17:11 | Report Abuse

Agree on this too

Posted by supafly83 > Oct 22, 2021 4:31 PM | Report Abuse

But what is strange is why dump warrants and not mother? so many machiavellians here.

Posted by colin888 > 2021-10-22 17:11 | Report Abuse

Karam ship!

Posted by Investing_Bursa > 2021-10-22 17:11 | Report Abuse

https://focusmalaysia.my/karim-my-entire-disposal-of-serbas-warrants-is-purely-a-biz-decision/

Posted by risingstar21 > 2021-10-22 17:11 | Report Abuse

Sometimes really cannot predict what Karim is doing.

Hahaha

Posted by gemfinder > 2021-10-22 17:13 |

Post removed.Why?

Posted by gemfinder > 2021-10-22 17:14 |

Post removed.Why?

Posted by superman7181 > 2021-10-22 17:15 | Report Abuse

Confirm good news ! Wait and see !

Posted by nicholas99 > 2021-10-22 17:16 | Report Abuse

gemfinder also kena stuck?

Posted by ǷearlꙌhite > 2021-10-22 17:17 | Report Abuse

.
Because of https://focusmalaysia.my/karim-my-entire-disposal-of-serbas-warrants-is-purely-a-biz-decision/, CEO Karim got SD suspended on para 3.2 and 3.3.

Based on this, 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 its securities, SD is suspended.

[Section 188 of the CMSA]

3. INSIDER TRADING

3.1 Meaning of Insider

A director is considered an ‘insider’ pursuant to Section 188(1) of the CMSA, if he/she –

(a) is in possession of price-sensitive information which is not generally available; and
(b) knows or ought reasonably to know that the information is not generally available.

3.2 Prohibition from Trading

All directors should take note of the prohibition on insider trading set out in the Part V Subdivision 2 of the CMSA with regards to dealing in securities whilst in possession of price-sensitive information.

Pursuant to Section 188(2) of the CMSA, directors are prohibited from trading either by themselves or through an agent while in possession of unpublished price-sensitive information. The prohibition is as follows:-

An insider shall not, whether as principal or agent, in respect of any securities relating to unpublished price-sensitive information –

(a) acquire or dispose of, or enter into an agreement for or with a view to acquisition or disposal of such securities; or
(b) procure, directly or indirectly, an acquisition or disposal of, or the entering into an agreement for or with a view to the acquisition or disposal of such securities.

3.3 Prohibited to Communicate

Pursuant to Section 188(3) of the CMSA, the insider is prohibited to directly or indirectly communicate, or cause such price-sensitive information to be communicated, to another person, if the insider knows, or ought reasonably to know, that the other person would or would tend to –

(a) acquire, dispose of, or enter into an agreement with a view to acquisition or disposal of, any securities which is unpublished price-sensitive information; or
(b) procure a third person to acquire, dispose of or enter into an agreement with a view to the acquisition or disposal of, any securities which is unpublished price-sensitive information.
.

Posted by investmalaysia7777 > 2021-10-22 17:21 | Report Abuse

Karim dispose all the warrants for Serba one day before the suspension. Coincidence or he knew something?? Very fishy

Posted by ǷearlꙌhite > 2021-10-22 17:23 | Report Abuse

.
By saying he use WA proceeds to buy mother share, is in violation of 3.2 and 3.3. Indirect communication to ask people to buy SD mother share.
.

Posted by dimmubroker > 2021-10-22 17:24 | Report Abuse

Still have positive mind.

Good

Posted by superman7181 > Oct 22, 2021 5:15 PM | Report Abuse

Confirm good news ! Wait and see !

Posted by Macrullen > 2021-10-22 17:25 | Report Abuse

I think for those who has bought should safe and secure now and have a good sleep everyday coz now suspended maybe like HlCap suspended 5 years like that, so u no need worry ur counter will be press til 0.1 below.

Posted by AJtheGreat > 2021-10-22 17:25 | Report Abuse

Mati la nak...

Posted by newtrader1989 > 2021-10-22 17:27 | Report Abuse

Lolz another crap. It did not say that due to insider trading bursa will halt the trading. Hahaha lolzzzzz



ǷearlꙌhite .
By saying he use WA proceeds to buy mother share, is in violation of 3.2 and 3.3. Indirect communication to ask people to buy SD mother share.

Posted by hanna20 > 2021-10-22 17:28 | Report Abuse

Still holding previous stocks

Posted by InterFund® > Oct 22, 2021 4:07 PM | Report Abuse

Should have buy more today...........................

Posted by SmartBilis > 2021-10-22 17:28 | Report Abuse

Trading is like bisness,sometimes u burn all your money,lol

Posted by Junx Leow > 2021-10-22 17:29 | Report Abuse

One why to maintain price

Posted by wolfbroker > 2021-10-22 17:31 | Report Abuse

I missed the train

Posted by fifimao > Oct 22, 2021 4:08 PM | Report Abuse

Lucky i managed to add more this morning.

Posted by JohnFook > 2021-10-22 17:31 | Report Abuse

Haha

Posted by armadatuah2017 > 2021-10-22 17:32 | Report Abuse

Bursa will not suspend trading to prevent Shareholders from disposal..nor to preserve counter price. how many times it limit down, and other counters too.

Posted by wongchin > 2021-10-22 17:33 | Report Abuse

Karim dump mother share can be charge as insider trading la. Sell wa not an offence. Sc suspend sd also reason given. Js read carefully the reason.

Posted by armadatuah2017 > 2021-10-22 17:33 | Report Abuse

maintaining counter price not Bursa responsibility la...but if insider is involved in internal trading which spike the prices, then it is Bursa responsibility to ensure fairness...not had to think right

Posted by gohkimhock > 2021-10-22 17:33 | Report Abuse

I believe those who are holding can't get three goodnight sleeps. What say you?

Posted by armadatuah2017 > 2021-10-22 17:34 | Report Abuse

bangau bangau....Look at Genetec, LU and enquiry come and suspension. that is without insider news.

Posted by armadatuah2017 > 2021-10-22 17:35 | Report Abuse

Pearl White had logical senses this time. And Bursa already has the SIR from EY. pak needs to announce the EY report before teading can resume and this weekends definitely we Re going to harveat

Posted by Beautyseeker > 2021-10-22 17:35 | Report Abuse

At the end, the hero become damn rich right?

Posted by capitalist > Oct 22, 2021 4:33 PM | Report Abuse

this is squid game LOL.....RICH OR DEATH

Posted by armadatuah2017 > 2021-10-22 17:35 | Report Abuse

*harvest. no more collections etc...harvesting...

Posted by Markable > 2021-10-22 17:35 | Report Abuse

Pearlwhite, if what you mentioned is true, then this suspension should will drag until SIR report release then only re-open back, to prevent ppl highjack this mother share...

Posted by armadatuah2017 > 2021-10-22 17:37 | Report Abuse

our Boss will definitely returns us the favours this weekends like rewarding us so much from IPO till today...why no one grateful

Posted by matg > 2021-10-22 17:37 | Report Abuse

reserve bullet monday sauk on support kikiki

Posted by armadatuah2017 > 2021-10-22 17:37 | Report Abuse

those stucked and lost because jumping thr boat for quick money deceived by remisier and sharks....well deserved losses

Posted by risingstar21 > 2021-10-22 17:38 | Report Abuse

Sure he has some plans in mind already.

Posted by investmalaysia7777 > Oct 22, 2021 5:21 PM | Report Abuse

Karim dispose all the warrants for Serba one day before the suspension. Coincidence or he knew something?? Very fishy

Posted by armadatuah2017 > 2021-10-22 17:39 | Report Abuse

@gohkimhock sleeplesz??? thats for gamblers...a little restless for sure

Posted by sharewiz118 > 2021-10-22 17:39 | Report Abuse

Sold off all the share and suspend, ada udang di sebalik batu.

Posted by shybutter > 2021-10-22 17:41 | Report Abuse

Waiting for Sarawak's election.

Posted by VTrade > Oct 22, 2021 3:48 PM | Report Abuse

Kpower scib tengah deman

Posted by shybutter > 2021-10-22 17:42 | Report Abuse

Serba Dinamik Holdings Bhd group managing director and chief executive officer Datuk Mohd Abdul Karim Abdullah has disposed of his entire holding of 55.9m of the group’s warrants this week. He sold 21.6m warrants on 18th October 2021, another 34.2m warrants on 20th October 2021, and a further 123,600 warrants on 21st October 2021. Together, the warrants disposed of represent about 6.3% of the group’s total warrants. (The Edge)

Is this related to todays news?

Posted by shpg22 > 2021-10-22 17:45 | Report Abuse

Really chiatlat.
Karim sold off all his warrant at record low.
Next day share suspended after half day.
Monday will be bloodbath again.

Posted by investmalaysia7777 > 2021-10-22 17:46 | Report Abuse

very fishy lo. if a very big good news coming you think he will sell at this cheap price??? unless he hates money la

Posted by superrr > 2021-10-22 17:46 | Report Abuse

Yes , that's why I said before karim not allow to sell mother shares...


wongchin Karim dump mother share can be charge as insider trading la. Sell wa not an offence. Sc suspend sd also reason given. Js read carefully the reason.