Wow. Now habis. Cross default on all loans have taken place. Banks will suspend facilities and given 15 days notice to remedy breach. Otherwise recall.
This week, Serba Dinamik forfeited its RM2.42 million deposit for a proposed purchase of an eight-storey office building in Putrajaya from AwanBiru Technology Bhd for RM24.2 million. Awanbiru announced this on Wednesday.
The sale was mutually called off after Serba Dinamik failed to complete the purchase of Block 12, Corporate Park, Star Sentral @ Cyberjaya in accordance with the terms of the sale and purchase agreements (SPAs) inked in February.
As expected, check my old comment, standard process before delisting
Karim vs KPMG, shop lot auditor Karim vs ex Risk Director, imcompetitive human Karim vs Bursar, like gangster Karim vs EY, breach contract by leaking SIR to SC
Coming soon Karim vs creditor, no money how to pay Karim vs SC, who is SC to investigate SD?
SD may delisted without lifting suspend, Soloxxxxx will become permanent.sharehoder of SD, congratulations. The local rich hero is your colleague.
If it ends up like this, then what I theorize yesterday will become true, which is this OS will be about finding ways to be dischaged due to technicality rather than upholding the truth LOL!
SCIB tried to delay the Audit Report to buy time to clean up the mess such as sudden termination of non-existent contracts and so on. Since no verification is required from receivables and payables, clean audited reports are expected . SCIB Is used to test the water and then ....
....same technique is to be used to delay the release of SIR with legal suits to challenge Bursa on technical grounds , the purpose is to buy time to clean up the the mess like SCIB.
Haha Don't worry. Listen to the promoters Mabel and Pearlwhite. It is part of SD action plan to sue and default on coupon payment and lose deposit on building purchase. They have inside info. Don't listen to people who out their real name and The Edge which tells false info.
(Highlight) The High Court on Thursday (Nov 11) dismissed Serba Dinamik Holdings Bhd's application for an ad interim injunction to be imposed against Bursa Malaysia Securities Bhd and Ernst
Sorry to said, this can be consider total loss, so be prepared, nothing much to be debate till this is possible to restart trading, if everything is alright, why the mess and complexity, just face the fact this is not optimistic at all.......
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....
smurfbee
1,439 posts
Posted by smurfbee > 2021-11-11 14:16 | Report Abuse
Once bursa release the trading suspension sure collapse.... really unfortunate for the holders.