SD got project in East Africa meh, adododo , where about in Tanzania, Dar es Salem or Arusha , or where where leh ----------------------------------------------------------------------- InterFund® Karim is in Tanzania with @psai3alert........................... Taking pictures there............................ 27/10/2021 3:55 PM
KUALA LUMPUR (Oct 27): The suspension on the trading in Serba Dinamik Holdings Bhd's shares remains in effect as the company has not complied with the directive to make an announcement on the findings from the special independent review, said Bursa Malaysia on Wednesday.
This follows Serba Dinamik's last update on the matter on Monday (Oct 25), when the oil and gas group denied that its directors had been given a "factual findings update" by Ernst & Young (EY), which is undertaking an independent review of the group's financial accounts.
"Kindly be advised that SERBADK has not complied with the directive to make an announcement on the findings from the factual findings update on the special independent review by Oct 26, 2021.
"Accordingly, the trading in the company's securities shall be suspended with effect from 9.00am, Wednesday, Oct 27, 2021. As the trading in the company's securities has been suspended since 2.30pm, Oct 22, 2021, the suspension of trading will continue until further notice," the bourse said in a filing on Wednesday.
Previously, Bursa had asserted that details from the factual findings update as at Sept 30 on the special independent review were communicated to three out of four independent non-executive directors on Oct 21.
The regulator went on to set Oct 26 as the deadline for Serba Dinamik to announce the findings of the special independent review.
Serba Dinamik, in its filing on Oct 25, said EY was still in the midst of performing the special independent review and that the documents from the independent reviewer did not fall within paragraph 9.03 and 9.35(A) of the Main Market Listing Requirements, which relate to disclosure of information considered material, if it affects a company's share price and investor decision.
Serba Dinamik further shared that its terms of engagement with EY have "provided that no work products will be distributed to any parties including the regulators, before and/or after the status update".
Serba Dinamik was last traded at 35 sen prior to its suspension on Oct 22, translating into a market capitalisation of RM1.3 billion.
maybe he is scraping the Stealth paint off those Serba "completed plants" so that it will show up in Google maps when psai3alert looks at it instead of a fat rat eating McDonald cheeseburger and naked fat old lady sunbathing purported someone who meows a lot in i3.
I really dun know what psai3alert is trying to do looking at Google Maps who is the enemy of Serba.
OpporturnityHunter SD got project in East Africa meh, adododo , where about in Tanzania, Dar es Salem or Arusha , or where where leh ----------------------------------------------------------------------- InterFund® Karim is in Tanzania with @psai3alert........................... Taking pictures there............................ 27/10/2021 3:55 PM 27/10/2021 4:08 PM
If the meeting with EY was in September and Bursa reps were present, why did it took Bursa until almost end October to get SD to disclose outcome of the meeting? Especially if Bursa deemed this as material information? Fishy! Fishy! Fishy!
Actually the best comment i see so far is lurker sraider huang alert n a few others i forget. I also like to read pearl comment actually. He is persistent give full detail comment n never easily give up. Keep up the comment...
We are made to understand that progressive report are made available to Bursa biweekly and SD by ey... so now who are the liars....no wonder fdi has no confidence to invest in Malaysia..
Guys, give it a rest with SD. Looks 80% like a gone case already. I'm giving them 20% the benefit of doubt that they might be able to submit the SIR by 31 October.
Come and join me in Langkawi here. The weather is beautiful and many 5 star hotels are selling their rooms for mouth-watering rates. Go and apply for a club Marriott membership at any Marriott hotels and straight away activate your card. You can immediately get special rates for their rooms, and I've just got my room upgraded foc at St Regis. You win some you lose some but there's more to life than the stock market itself.
ratz If the meeting with EY was in September and Bursa reps were present, why did it took Bursa until almost end October to get SD to disclose outcome of the meeting? Especially if Bursa deemed this as material information? Fishy! Fishy! Fishy! 27/10/2021 4:25 PM
Why is small investors always end up at the losing end when privilege information are held by these Big Boys?
378 new comments inside a SUSPENDED BANCRUPTED FRAUDULENT COMPANY COUNTER FORUM ! YAHOOOOOOOOOOOOO !! We hit a new MILEAGE FOR i3 FORUM !! Tonight we all YAM SEENGGGGGGGGGGGGGGGGG !! Sendiri bayar okay.
New IPO: An enterprise IT solutions provider that provides implementation services, maintenance, support and professional services, Vetece Holdings Bhd aims to list on the Ace Market!
MQ Trader 209 views | 3 d ago
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New IPO: A manufacturing and trading of biomass fuel products, particularly PKS and wood pellets company, Elridge Energy Holdings Bhd aims to list on the Ace Market!
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....
OpporturnityHunter
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Posted by OpporturnityHunter > 2021-10-27 16:08 | Report Abuse
SD got project in East Africa meh, adododo , where about in Tanzania, Dar es Salem or Arusha , or where where leh
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InterFund® Karim is in Tanzania with @psai3alert........................... Taking pictures there............................
27/10/2021 3:55 PM