Posted by BlessedInvestor > 2021-11-10 21:09 | Report Abuse

Next is to sue to Nexia plt...because cannot meet the deadline...

Posted by Sandlejepon > 2021-11-10 21:09 | Report Abuse

Dun wolly la.wait n c only

Posted by Steve Ooi > 2021-11-10 21:09 | Report Abuse

nexia next? hmmmm

Posted by Sneakpeek > 2021-11-10 21:09 | Report Abuse

I just want to say to SD supporter - padan muka

Posted by Aurora13 > 2021-11-10 21:11 | Report Abuse

Confirm the report got problem la, if good where for so much fuss abt it not to release, if is good 2weeks ago ady viral

Posted by BobAxelrod > 2021-11-10 21:12 | Report Abuse

Cat woman can no longer stand the shame and the loss. She has taken leave, quick as lightning, with tail between legs.....

Posted by Aurora13 > 2021-11-10 21:13 | Report Abuse

Next is sue neighbors dogs, for making noise and cause the bad image of the directors

Posted by TryMakeGoodBuy > 2021-11-10 21:14 | Report Abuse

all this legal action is just a delaying tactic.
maybe be to cash out from related companies?

Posted by Sneakpeek > 2021-11-10 21:14 | Report Abuse

Like this can sue bank for asking for repayment?

Posted by nich0las > 2021-11-10 21:14 | Report Abuse

SPRM is watching.....

Posted by PSAi3alert > 2021-11-10 21:15 | Report Abuse

KPower's FU (Fake Uncollectable) receivables projects:

3x5 MW Nam Taep 1 and 3x5MW Nam Taep 2 hydropower, Laos
8MW Nam Samoy Hydropower, Laos
22.9MW mini-hydropower in Solukhumbhu, Nepal
22MW Mid Hongu Khola – A Hydropower Project, Nepal

18.7 MW mini hydro power plant - Cabaran Hijau Sdn. Bhd.
13.9 MW mini hydro power plant - Selat Serasi Sdn. Bhd.
12 MW mini hydro power plant - Denai Delima Sdn. Bhd.
5.25 MW mini hydropower plant - Koridor Mentari Sdn. Bhd.


Ppmaster Im sure the kpower got the same account problem with the sb and scib.
10/11/2021 8:37 PM

Posted by investor2021trading > 2021-11-10 21:15 | Report Abuse

sue everyone! next will b jail talk!

Posted by limko1 > 2021-11-10 21:16 | Report Abuse

Darling counter becoming rubbish counter, all that gliters is not gold!

Posted by Sneakpeek > 2021-11-10 21:16 | Report Abuse

Very defensive mode over SIR...damn i really want to know what are they hiding.

Posted by shareprofit > 2021-11-10 21:18 | Report Abuse

apala, berani krn benar...ini ceo tunggu masuk penjara aje la

Posted by InterFund® > 2021-11-10 21:18 |

Post removed.Why?

Posted by bnmacai > 2021-11-10 21:19 | Report Abuse

You guys have to understand why the boss is falsifying the accounts. It’s because he wants the good for all shareholders, all malaysians and every stakeholders. Share price go up, ho seh everyone happy, bo hoh meh? Walao you all.

Posted by shareprofit > 2021-11-10 21:19 | Report Abuse

memalukn...cukai byk kompeni yg membuat untung utk bantu kompeni2 yg xtahu buat bisnes...tutup ajela

Posted by Aurora13 > 2021-11-10 21:19 | Report Abuse

If is good reportfisnings, bet 2 weeks ago already release and viral, keep hiding obviously tell something fishy...

Posted by TryMakeGoodBuy > 2021-11-10 21:19 | Report Abuse

did you not read that SCIB cancelled certain contracts with a dubai company.
Someone pointed out that the contract awarder was only a cleaning company.
Maybe need to clean up books for audit.
Good luck to SCIB shareholders

Posted by zoizai > 2021-11-10 21:19 |

Post removed.Why?

Posted by bnmacai > 2021-11-10 21:20 | Report Abuse

SD sue auditors, you red eye
SD sue bursa, you red eye
Later SD Lu, you don’t red eye horrr

Posted by PSAi3alert > 2021-11-10 21:23 | Report Abuse

----- The truths about SCIB's clients in Oman & Qatar here -----

Pavilion Qatar Engineering Co. W. L.L.

The second contract, given by Pavilion Qatar Engineering Co. W. L.L., is for civil works - fire water project (47,000 metres) at Ras Laffan Industrial City - Power Station - in Qatar valued at US$62mil (equivalent to RM252.84mil) and is expected to be completed in November 2021.

--->>> Pavillion Qatar ( pavilionqatar.com/organisation-chart.html ) is a cleaning company run by Indian nationals and is not licensed for Oil n Gas acitivities

--->>> Only evidence of rotating equipment or fire water project is available here: http://www.pavilionqatar.com/images/gallery/4.jpg

--->>> SCIB will not be able to collect receivables for fictitious projects


Revenue International LLC

"PETALING JAYA: Sarawak Consolidated Industries Bhd’s wholly-owned subsidiary SCIB International (Labuan) Ltd has bagged three engineering, procurement, construction and commissioning (EPCC) contracts worth US$200.45 million (RM864.54 million).

The three contracts is for the 20 units of villa in Muscat, Oman awarded by Revenue International LLC for the period between April 5, 2020 to April 4, 2021..."


The client Revenue International LLC was registered in Oman in September 2018
CR Commercial Name: Revenue INTERNATIONAL
Commercial Registration No: 1326105
Registration Date: 10/09/2018

Domain: revenueinternationalllc.com
Created: 2018-09-15 15:35:35 UTC

Revenue International LLC's website at https://revenueinternationalllc.com provided the following service descriptions:
Manpower Supply
• General Helpers & Semi- Skilled Employees.
• Skilled Employees such as Carpenters, Painters, Electricians, Steel Fixers, Masons, etc.
• Skilled Employees such as Cleaning, Packing, Loading & Unloading, etc.
• Office Boys, Housekeepers, etc.
Carpentry, Electrical Services, Cleaning, Other Services - Painting, trained handymen, Tile Flooring, Waterproofing

--->>> Revenue International LLC is managed and staffed by Indian foreign workers
--->>> primary business is cleaning services
--->>> the only rotating equipment used are mops
--->>> it's Commercial Registration Certificate is licensed for cleaning services
--->>> Revenue International does not have licences for activites in repair and maintenance of mining, construction, and oil and gas field machinery; renting of mining and oilfield machinery and equipment; repair and maintenance of steam generators, turbines


Interceptor Trading & Contracting Co W.L.L

"Meanwhile, the group's wholly-owned subsidiary SCIB International (Labuan) Ltd has accepted the LOA for an EPCC contract in Qatar worth US$98 million (approximately RM399.35 million).

The client for the Qatar project is Interceptor Trading & Contracting Co W.L.L, according to SCIB."

Domain registrant was from Kerala, India.

Hosting and nameservers were all India based.

ns171.globehost.com
ns172.globehost.com
ns1.bh-in-32.webhostbox.net
ns2.bh-in-32.webhostbox.net
rns409.webhostbox.net
rns410.webhostbox.net

Domain: interceptorqatar.com
Registrar URL: www.publicdomainregistry.com
Creation Date: 2017-03-29T12:24:55Z
Registrant Name: bitz Infos
Registrant Organization: bitzInfos
Registrant Street: Calicut
Registrant City: CALICUT
Registrant State/Province: Kerala
Registrant Postal Code: 673001
Registrant Country: QA
Registrant Phone: +974.66016695


TryMakeGoodBuy did you not read that SCIB cancelled certain contracts with a dubai company.
Someone pointed out that the contract awarder was only a cleaning company.
Maybe need to clean up books for audit.
Good luck to SCIB shareholders
10/11/2021 9:19 PM

Posted by Alex™ > 2021-11-10 21:24 | Report Abuse

This is now getting a joke trend....

Sue sue sue

This is a trend that you can make money only if you're short
https://youtu.be/c6wmPs0Rtfs

Good luck.

If bosong sue je la

Posted by drken91 > 2021-11-10 21:26 | Report Abuse

I got a better idea, should change the company name to Sueba Dinamik

Posted by Uz2015 > 2021-11-10 21:26 | Report Abuse

Solomolo... in my understanding, there are typically a few vehicles used by EY Group i.e Ernst & Young Plt (who does statutory audit and registered with the AOB), EY consulting (consulting & special work), EY Tax etc.. As stated in 2.24 od MMLR, the special auditor to do SIR means auditor other than the statutory auditor to do the statutory audit for the listed co. In this case EY uses EY Consulting to do SIR on Serba as they are not doing statutory audit on Serba. The statutory auditor for serba is now Nexia. I may be wrong, but this is my understanding.

Posted by drken91 > 2021-11-10 21:27 | Report Abuse

stop defending and punting Sueba Dinamik la gais.. it's a massive blackhole once trading suspension is lifted..

Posted by 8dragon > 2021-11-10 21:27 | Report Abuse

Investing in SD is considered a total loss already, bye2 after 30 Nov....

Posted by InterFund® > 2021-11-10 21:28 | Report Abuse

Lesson learned to not invest in cinaman company or your money goes down to the drain....................................

Posted by tradersampah > 2021-11-10 21:32 | Report Abuse

Jgn buat gila pak karim oiii..xkan kisah saman aja yg kluar

Posted by BlessedInvestor > 2021-11-10 21:32 | Report Abuse

Likely the next will be Nexia will resign as auditors. The next is Serba not able to get auditors to audit and sign their account. t

Posted by foongkitmun > 2021-11-10 21:34 | Report Abuse

As a shareholder, I defend the directors action on this issue…to me it’s just a common check and balance thing to ensure the authorities action is fair… we still remain the rights to challenge the decision made the authorised bodies to ensure no one is going above the law..

Posted by paulthesotong > 2021-11-10 21:35 | Report Abuse

Cloudy sky.. EY ' pakat' powerful Bursa to con the Conpany...

Posted by gemfinder > 2021-11-10 21:35 |

Post removed.Why?

Posted by Stockisnotfun > 2021-11-10 21:36 | Report Abuse

Only smart people know what Serbadk trying to play. All i know is Serbadk purposely find the bone from the egg.

You tell me until now they only realised EY consulting is not statutory auditor? One or two month not enough to realize is it?

Who care whether EY consulting is not a statutory auditor? As long as agreed job scope can be done with EY consulting company. So they blame to bursa for all of these things now due to no choice?

Why only complain after the findings found from EY? Why not before? Thought bursa will give Serbadk second chance to be alive.?

Posted by gemfinder > 2021-11-10 21:36 |

Post removed.Why?

Posted by drken91 > 2021-11-10 21:37 | Report Abuse

aiyooo still got ppl cannot sleep, die2 want to defend Sueba Dinamik.. aiyo amma appa..

Posted by ipohwhitecoffee > 2021-11-10 21:41 | Report Abuse

#Delist

Posted by TryMakeGoodBuy > 2021-11-10 21:42 | Report Abuse

Just delaying tactic.
Bursa ask SD to use EY.
SD agreed to and made announcement that SD has appointed EY for SIR.
Normally among the terms will be EY to report to Bursa for independence and to prevent insider trading.
SIR came out in 30th sept if i remember correctly and ED of D and Bursa was briefed. Then SD not happy. Ask for hard copy which was subsequently given.

Meanwhile Karim deal with the shares and warrant.
Bursa took action to prevent insider trading.
Suspension was to ensure fair play.

Posted by Sneakpeek > 2021-11-10 21:46 | Report Abuse

Tonight many will crying in sleep like a baby

Posted by PSAi3alert > 2021-11-10 21:46 | Report Abuse

The moment fake revenue is recorded, offences have been committed. Subsequent cancellation of the fake projects is irrelevant.


False or misleading statements, etc.
177. A person shall not make a statement, or disseminate information, that is false or misleading in a material particular and is likely to induce the sale or purchase of securities by other persons or is likely to have the effect of raising, lowering, maintaining or stabilising the market price of securities if, when he makes the statement or disseminates the information—
(a) he does not care whether the statement or information is true or false; or
(b) he knows or ought reasonably to have known that the statement or information is false or misleading in a material particular

Fraudulently inducing persons to deal in securities
178. (1) A person shall not—
(a) by making or publishing any statement, promise or forecast that he knows to be misleading, false or deceptive;
(b) by any dishonest concealment of material facts;
(c) by the reckless making or publishing, dishonestly or otherwise, of any statement, promise or forecast that is misleading, false or deceptive; or
(d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular, induce or attempt to induce another person to deal in securities.

Prohibited conduct of person in possession of inside information
188. (1) A person is an “insider” if that person—
(a) possesses information that is not generally available which on becoming generally available a reasonable person would expect it to have a material effect on the price or the value of securities; and(b) knows or ought reasonably to know that the information is not generally available.

(2) An insider shall not, whether as principal or agent, in respect of any securities to which information in subsection (1) relates—
(a) acquire or dispose of, or enter into an agreement for or with a view to the 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) Where trading in the securities to which the information in subsection (1)
relates is permitted on a stock market of a stock exchange, the insider shall not, directly or indirectly, communicate the information referred to in subsection (1), or cause such 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 the acquisition or disposal of, any securities to which the information in subsection (1) relates; 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 to which the information in subsection (1) relates.

(4) A person who contravenes subsection (2) or (3) commits an offence and shall be punished on conviction to imprisonment for a term not exceeding ten years and to a fine of not less than one million ringgit.

Posted by Wirajati > 2021-11-10 21:47 | Report Abuse

Even delist, loyal supporters will remain strong behind K. kesian, mau jual balik pun tak boleh, well they deserve to be long term investors after all. Lucky rr88 and pak tua throw towels months ago.

Posted by paulthesotong > 2021-11-10 21:49 | Report Abuse

Next Lenders Sleepness night in Wonderland..HSBC Amaanah, Aminvest, BIMb, MIDF Amanah, SCSB, UOB etc etc.

Posted by Sneakpeek > 2021-11-10 21:49 | Report Abuse

Instead of addressing the issues..they sue everybody around them..job well done. Investor must be happy SD 'protecting' their interest.

Posted by alenac > 2021-11-10 21:52 | Report Abuse

Delists will be a funeral for Serbak. Oil and Gas companies need lots of working capital, listing status allowed them to tap funds from the capital markets via rights and borrowings. Without all these facilities Serbak will sink. As it is now the company is at the tail end of its life span with Chef still the MD. A new set of directors and management is crucial for its survival.

Posted by gemfinder > Nov 10, 2021 9:36 PM | Report Abuse

Beter delist la. Karim can do watever magic acc oso nobody cares. Kaakakaka

Posted by TomyamGong > 2021-11-10 21:53 | Report Abuse

ooiiii Serbadk ! bila boleh unlock?

Posted by Bgt 9963 > 2021-11-10 21:54 | Report Abuse

Now goner sue everybody....!

Posted by paulthesotong > 2021-11-10 21:59 | Report Abuse

https://www.e-serbadk.com/board-of-directors/

Posted by paulthesotong > 2021-11-10 22:01 | Report Abuse

Honest faces!!! Wow Nice Suits!!!

Posted by Aurora13 > 2021-11-10 22:01 | Report Abuse

US wolf of Wall Street... Malaysia version donkey Kong of bursa