The interim injunctive seeks to restrain Bursa from publishing the "Factual Findings Update" prepared by EY and exercising any power to do anything or to instruct any directive or issuing any notice against Serba Dinamik.
Serba Dinamik contests Bursa's power, purportedly pursuant to MMLR, in directing it to appoint EY as a special auditor, on top of challenging EY's status as an auditor under the MMLR and Companies Act 2016.
How nice. Karim cash out warrant. Now take legal case. Will drag on for years. Meanwhile all directors still collect salaries and benefits. All partially paid by minority shareholders who cannot do anything for years
yes, please don't spread any news, later get jail, hahahaha. Check the IP address can detect already. No way to escape. Seat back and watch movie better
This is to protect our shareholders' interest as most of them are losing money and margin call," one independent non-executive director said in the statement.
SD just confirm that the SIR is really really bad....lol...haha
The local rich Hero just sue Bursar, it is interesting to see how smart investor react ...
Serba Dinamik also seeks for an order that Bursa be restrained from taking any action and all actions to announce the whole or any part of the "Factual Findings Update" and from issuing any instructions to Serba Dinamik to appoint any person to act as its special auditor to review or investigate its affairs together with an order for the removal of the trading suspension.
Haha, hope SC take stance as early as possible, where is the watchdog....
Even Serbadk want to sue bursa also can't either. Is true bursa can't demand of the early release of findings before the audit.
But did he forgot the Serbadk was suspended not because of not releasing the findings? Is because of suspecting insider trading prior the release of findings. At this point, bursa doesn't violate any SOP.
The whole suspension come aftee karim sold his shares. What's to blame/sue then?
. Its great to see a continued participation from the 80% who vanish all the time. It is a very rare event when all eyes are on SD.
Especially so with the latest NST news aptly named "Serba Dinamik challenges Bursa in court".
Don't worry, worrisome ones, it will be published this evening.
As repeatedly highlighted, this is hardly surprising and is really old news. But as a refresher for dementia like grey matters, a re-post of the following response. Read it well and you'll find that the path forward has been set by SD.
===============
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.
Thank you.
PS : Using the regulatory bodies to force Serba Dinamik Berhad into a checkmate position for takeover will also be denied by us.
Haha,. Can't demand....lol....are you sure? This will be doom for investor if listed company hide material information by classify as inconclusive...
Actually SD does commit that piece of information will impact SD stock price movement, this material information no need disclose....M&A discussion no need to announce until conclude....?what a joke smart investor.
Stockisnotfun quoted Even Serbadk want to sue bursa also can't either. Is true bursa can't demand of the early release of findings before the audit
Anything can happen, nothing new in this crazy world.
It is so unpredictable & full of uncertainties.
When someone's creditability & integrity is in doubt and all eyes are on him for him to clear the clouds, he instead choose to take action to those regulators & independent auditors, then the common business sense will tell you something not right.
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newtrader1989
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Posted by newtrader1989 > 2021-11-08 13:26 | Report Abuse
As I mentioned earlier, they expect to collect the trade receivables soon.
4bil from kpmg
4bil from EY
4bil from nexia
4bil from bursa
Next qtr profit 16bil