Once show the bad report on the false account, the bank will throw the director mobage share like shit to take back their money, the share price mostly will open trade below 0.20.
Orang utan ni got angry~~ Nvm, i belanja you banana so that you feel a bit better !! LOL Bandar bukan utk org utan mcm kau, you not used to the sophistication of city!! We understand
@Interfund,he will not lari la,just spent 350k for nothing meh.Even if the SIR is bed,i guess SERBA still worth some money,their order book still in billions excluding those in doubt.Just my 2 cents
Mohd Karim said the independent review by Ernst & Young
Consulting Sdn Bhd (EY) into the issues raised by its former external auditors, KPMG Ltd, is ongoing and expected to be completed by October 2021.
“The report will be submitted to Bursa Malaysia,” he added.
The integrated oil and gas service provider appointed EY in July as its independent reviewer to assess the veracity of the audit issues raised by KPMG.
Its independent non-Eds have been receiving progress updates from EY on a biweekly basis, Mohd Karim said.
The above is taken from the news 1 month ago. Of course Karim told everybody already report will be submitted to bursa by end of Oct 2021 and that is why bursa released that directive. Aiyo.
The perfect plan of getting $$ from warrant to top up at mother bit by bit until end of the month before positive SIR result!! But unfortunately, the authorities saw the intention and suspend!! Why la !! now my fund no where to go and cannot capitalise on the good news!!
Kfbusjd, if investigation report is good, company direct no need to hold so long, so now is 99.99% bad report, 0.01% is good report. The first kpmg report is bad, kpmg is big 4 ,wont make mistake.
Why bursa suspended the trading? From the market movement this morning it dumped all the way down after the negative impact of Karim disposal of all his warrants, then stabilize after strong support from 0.34 to 0.345, ended up Karim acquired 1m of shares at 0.35. Then trading suspended, and will be suspended until announcement out.
Semua ni cheap skate trying to buat panic so they can come in with cheap ticket!! To me, kalau u no interested then u dont even bother to comment!! Tapi kenapa mereka comment lagi!! Memang pelik sangat atau maybe the best joker in disguise
kesian, dah nampak 2-3 ekor mula berfikiran celaru cakap pun dah tak betul sudah. Ini semua SALAH abang karem. Abang karem tak mau umum hasil siasatan.
KArem oh KAREM !! Ko sorok kat mana ni KAREM oiii !! Hari Isnin umum ke tak umum ?
Kindly be advised that Bursa Securities had today issued a directive to SERBADK to:
(a) make an announcement on the findings from the Factual Findings Update on the Special Independent Review by 26 October 2021;
(b) announce Bursa Securities’ directive immediately; and
(c) impose a suspension of trading on SERABDK’s securities on the next market day after the directive deadline, in the event of non–compliance to the directive.
Please refer to the media release by Bursa Securities dated 22 October 2021.
lai lai lai, let me tell tell the story leh. First first, SIR is planned to release on next Friday. The, Pak Karem sold wa yesterday and today buy sikit, next monday sikit, next tuesday sikit, next wednesday sikit, sikit demi sikit, then can escape Bursa eye mah, buy sikit demi sikit mah. That is the reason didnt release SIR report early mah. Siapa know,, Bursa baca teknik Karem , terus kata, tak boleh trading, faham keh
Posted by Yu_and_Mee > Oct 22, 2021 8:48 PM | Report Abuse
What will happen to SCIB and Kpower? I just share a thought, may be wrong. You need to decide for your own money. If Serbadk really continue to suspend and end up delisting, SCIB will also soon become 0.050 because no more back mountain to give contracts and inject cash. Kpower, I think will not be far away facing selling pressure. Many people say, Kpower is drive by another driver. But never forget, the basic engine of the vehicle was DK. Driver can seat in to drive but without the engine, how the vehicle move? Using legs walking method or asking you all to push from behind? I mentioned few times, don't take this risk until result out. It's ok to buy expensive if a company can continue growing. Low price not mean cheap. Moreover, PP and RIght issue will dilute the EPS. Please be smart
KUALA LUMPUR (Oct 22): Bursa Malaysia has set Tuesday (Oct 26) as the deadline for Serba Dinamik Holdings Bhd to announce the findings of the special independent review, which addresses the audit issues flagged by its former external auditor, KPMG.
In a statement, the stock exchange noted that the findings from the factual findings update as at Sept 30, 2021 on the special independent review were communicated to three out of four independent non-executive directors on Thursday (Oct 21).
Following the statement, Serba Dinamik made an announcement to the local bourse on the directive issued by Bursa Malaysia.
Bursa suspended the trading of Serba Dinamik shares and warrants on Friday afternoon, and said the trading suspension will remain until Serba Dinamik makes an announcement in compliance with the directive.
Bursa Securities said the directive is given to ensure the audit issues highlighted by KPMG are addressed in a "timely manner and provide clarity to the market".
Serba Dinamik's former auditor KPMG had flagged some accounting issues relating to transactions involving more than RM3.5 billion. The audit dispute between Serba Dinamik and KPMG was made known to the investing public in May when the group announced that it wanted to commence an independent review on the audit issues pertaining to its statutory audit flagged by the auditor.
Its group managing director (MD) Datuk Dr Mohd Abdul Karim Abdullah has repeatedly stated that Serba Dinamik's management had done nothing wrong with regard to the audit issues flagged.
KPMG later resigned as the external auditor on June 24, following a suit by Serba Dinamik. The audit firm said that the suit had compromised its ability to independently continue to audit the company and discharge its professional duties.
Serba Dinamik then in July appointed Ernst & Young Consulting Sdn Bhd (EY) as the independent reviewer to assess the veracity of the audit issues raised by KPMG.
The group said the decision to appoint EY was on the back of discussions with the regulator.
The scope of works calls for EY to assess the validity and veracity of the transactions and balances on sales, trade receivables and materials on sites with respect to 11 identified customers, and to quantify any possible financial impact.
In August, Serba Dinamik appointed Nexia SSY PLT as its new external auditor.
Since the appointment, Serba Dinamik has yet to reveal any findings on the special audit.
At 12.30pm on Friday, Bursa Securities announced the trading suspension of Serba Dinamik shares and all structured warrants, effective from 2.30pm until further notice.
Prior to the suspension, Serba Dinamik fell two sen or 5.41% to 35 sen, valuing the company at RM1.31 billion. The counter was traded between 33.5 sen and 36 sen.
Despite the stock being traded for half a day only, it was the most-actively traded counter on local bourse with 105.18 million shares traded.
Notably, Mohd Abdul Karim had sold all of his warrant holdings although the derivative price was near record low before the trading suspension of the company shares was announced.
Based on the closing prices on the transaction dates, Mohd Abdul Karim is expected to have netted RM4.3 million from the divestment of the warrants he owned.
However, Mohd Abdul Karim bought one million shares or a 0.03% stake on Friday, bringing his stake in the oil and gas outfit to 21.225% or 787.38 million shares.
KUALA LUMPUR (Oct 22): In an interesting twist to the event, Serba Dinamik Holdings Bhd managing director (MD) and chief executive officer Datuk Dr Mohd Abdul Karim Abdullah bought one million shares or a 0.03% stake on Friday.
The filing with Bursa Malaysia did not reveal the transaction price.
The share purchase would have cost him RM350,000 based on the closing price of 35 sen.
aiyoyo, siapa support not penting leh, hehehe. Yang penting, ada orang yang beli, siapa yang beli tak penting leh
-------------------------------------------------------------------------------------- Huatexpert IF CEO cant give confident to the market.... who can do it... it he can fully cash out all warrant totally not left single unit, who will support ? 22/10/2021 9:51 PM
lai lai lai, if bursa didnt stop him, afternoon will be more. next monday, more more, a day after next monday, more more more leh ------------------------------------------------------------------------------------------------------- Mohd Abdul Karim's stake in the oil and gas outfit increased to 21.225% or 787.38 million shares, according to the bourse filing.
Mohd Abdul Karim's stake is worth RM275.58 million based on the last closing price of 35 sen per share.
If it is good news, I will not hesitate to buy because I know the stock will limit up when the SIR is made public.
If it is bad news, there are few possibilities,
1) I can't do anything because I don't own any shares to sell. 2) I won't sell because I do not know the financial impact because the SIR does not quantify the impact. 3) I think the price is already low enough and have already reflected all the bad news. 4) I have lose so much that I m unwilling to cut loss. 5) The boss is still buying, so it can't be any worst. So, I stay with the boss.
And so on and so on.
The fact is that the SIR was ready on 21/10, but the price did not move up.
Based on the closing prices on the transaction dates, Mohd Abdul Karim is expected to have netted RM4.3 million from the divestment of the warrants he owned.
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Posted by topan > 2021-10-22 21:27 | Report Abuse
Limit up