Posted by InvestorKING > 2021-11-17 13:57 | Report Abuse

Yes solomolo, you are very smart here, same thinking with me


solomolo Here is the story...EY issued a bad SIR...The SC investigation did not see anything wrong with the audit...what will happen to EY and KPMG?...willing to pay millions...hehe
17/11/2021 1:16 PM

Posted by amet2017 > 2021-11-17 13:59 | Report Abuse

Agree on the article by the edge. Bursa should lift the suspension and let the market decide. They can always take action for insider trading, esp for this case where a big spotlight has been focused on the counter

Posted by bobvic96 > 2021-11-17 14:17 | Report Abuse

solomolo Here is the story...EY issued a bad SIR...The SC investigation did not see anything wrong with the audit...what will happen to EY and KPMG?...willing to pay millions...hehe
17/11/2021 1:16 PM

KPMG and EY will sue Serba for defamation and get their findings out in court.

Posted by BobAxelrod > 2021-11-17 14:24 |

Post removed.Why?

Posted by BobAxelrod > 2021-11-17 14:28 |

Post removed.Why?

Posted by leno > 2021-11-17 14:36 | Report Abuse

#TangkapKarim

Posted by BobAxelrod > 2021-11-17 14:39 |

Post removed.Why?

Posted by Trader258 > 2021-11-17 14:51 | Report Abuse

What ' Edge Malaysia ' says is right... Bursa should lift the counter's suspension and let the market determine its credibility on the ongoing fiasco. Hiding the SIR findings is not proof of innocence or guilt.

Posted by EVO118 > 2021-11-17 14:52 | Report Abuse

Don't have to get stress out. We will have some indication where it is going by late tomorrow afternoon.

“I will allow the plaintiff (Serba Dinamik) to respond to the affidavits following their request within one week of today (Nov 11). As to their request for an ad interim [injunction] and balancing in the interests of justice, this court orders that no ad interim order be granted," ruled Justice Datuk Ahmad Fairuz Zainol Abidin.

Posted by superrr > 2021-11-17 15:00 | Report Abuse

Of course tidak boleh bayar lol...THat is why he lari kuat kuat his WA 4 Millions, so SC on the same day suspended SB...To prevent unpredictable circumstances...

--------------------------------------------------------


Surebet SD need to fork out rm130m by dec 31 to service debts. BOLEH BAYAR KE KARIM KARAM JUAL SAHAM ENGKAU 10C SEKARANG.

Posted by superrr > 2021-11-17 15:08 | Report Abuse

Good lah, sue pearlwhite then kadondon has no need to pay his hard earn $ promotion on sb ..Been separuh mati kerja, but tidak untung $ $....


Stocksafeplayer Think Karim should sue PearlWhite for spreading misleading info about Serba…. Ha ha h

Posted by superrr > 2021-11-17 15:08 | Report Abuse

hahaha

Posted by treatshijau > 2021-11-17 15:12 | Report Abuse

how long will have to wait?
seems much incidents happen
good to see

Posted by treatshijau > 2021-11-17 15:13 | Report Abuse

if bring to court, who will win?
that will bring much changes
also affect others too

Posted by TryMakeGoodBuy > 2021-11-17 15:17 | Report Abuse

Let me tell you a secret.

EY wanted desperately to take the SIR job because if EY can prove the contradictory to KPMG then KPMG will be gone.
Only there will be top 4 left.
EY will get a big slice of the Malaysian market.

Hahaha
In your dreams!
EY hands were force to do the job as no firm wanted it

Posted by BobAxelrod > 2021-11-17 15:30 | Report Abuse

@Stock, so you want KPMG to collude with SD? The bomb was set off, exploded and you cannot reset it back to be a bomb. The explosion started the domino effects...one after another....

Posted by BobAxelrod > 2021-11-17 15:32 |

Post removed.Why?

Posted by EVO118 > 2021-11-17 15:36 | Report Abuse

The problem here is they can't find the debtors who can confirm the $ due to SB. Management could have easily assisted.

Posted by Hantu Gigi Jarang > 2021-11-17 15:39 | Report Abuse

Admire Karim the fighter! Like Elon Musk, doesn't simply submitting to bullies and saboteurs. Will definitely buy more shares when the suspension uplifted..

Posted by straightarrow > 2021-11-17 15:41 | Report Abuse

Perhaps issues have been happening for a few years, till KPMM got so fed up and this time decided not to collaborate anymore, throw in the towel and raised red flags.

Posted by xiaoeh > 2021-11-17 15:42 | Report Abuse

hahaha...

Posted by EVO118 > 2021-11-17 15:43 | Report Abuse

It is KPMG resposibility to get the confirmation signed off by the debtors before they can themselves sign off the accounts, because of the significance due to the $ size of the debt.

Posted by yemes35202etoymail > 2021-11-17 15:45 | Report Abuse

got news karim going to let go few project, is it true?

Posted by Huangbk72 > 2021-11-17 15:49 | Report Abuse

Irrelevant to talk about the past.. Its always easier to nit-pick when the results are set.

Lets predict the future...

My money is on SD being delisted. Legal ramifications on SD BOD...

Posted by nicholas99 > 2021-11-17 15:50 | Report Abuse

the hole became bigger..

Posted by ǷearlꙌhite > 2021-11-17 15:59 | Report Abuse

.
To be honest, the SIR doesn't really matter anymore. Because, SD can release the Annual Report 2020 now if they want.

What this means is that Nexia has given their opinion on the FS for 2020.

The only saving grace for Bursa/EY, is for them to make sure that all their findings are correct and is consistent with the Nexia's opinion.

The so-called updated on 30th September 2021 strongly suggests that the conclusions are consistent with Nexia's opinion.

However, asking more clarifications from SD is very prudent of them, just in case if anyone questions and does not accept the conclusions of the SIR in future (which I am sure will be many and represents 80% of the participants here) and decides to make complaints to the authorities and/or take legal action.


Markable Yes, EY also mentioned there is few more "issue" need further clarify and surely it need more time, and SD boss wanted to uplift the suspension asap to avoid further "market untrust" of SD share.

Personally thinking, releasing SIR much much more important and gain back the trust from market. I no want everyday guessing this and that, tired.

Posted by leno > 2021-11-17 16:01 | Report Abuse

really ?
then why fak sebak submit for postponement to 31 dec 2021
to submit 2020 annual report ?
So, u think bursa will approve or not ?

Posted by PSAi3alert > 2021-11-17 16:02 | Report Abuse

Huangbk72,

I agree with you.

However, the fake CEO has Key Action Positive United Team (KAPUT) initiatives that will alter her own perception, that is already disconnected with reality.


Huangbk72 Irrelevant to talk about the past.. Its always easier to nit-pick when the results are set.

Lets predict the future...

My money is on SD being delisted. Legal ramifications on SD BOD...
17/11/2021 3:49 PM

Posted by wolfbroker > 2021-11-17 16:03 | Report Abuse

We heard from before actually they have this plan

Posted by Leoleo > Nov 17, 2021 1:01 PM | Report Abuse

Go private does not solve the issue. Investtor losing big money on shop lot company

Posted by Huangbk72 > 2021-11-17 16:04 | Report Abuse

Hahahaha... Fake CEO still harping on this.. SIR not important??

Nexia findings will be different from KPMG and EY??

So Nexia wont sign off AR .. period unless half the report is qualified opinions.. LOL

This crazy person really need to consult a shaman..

Posted by Beautyseeker > 2021-11-17 16:07 | Report Abuse

Eager to see next analysis by Public Bank on SD.

Should hold again?

Posted by wolfbroker > 2021-11-17 16:09 | Report Abuse

Just wait for the end of this issue

Posted by PSAi3alert > Nov 17, 2021 4:02 PM | Report Abuse

Huangbk72,

I agree with you.

However, the fake CEO has Key Action Positive United Team (KAPUT) initiatives that will alter her own perception, that is already disconnected with reality.


Huangbk72 Irrelevant to talk about the past.. Its always easier to nit-pick when the results are set.

Lets predict the future...

My money is on SD being delisted. Legal ramifications on SD BOD...
17/11/2021 3:49 PM

Posted by leno > 2021-11-17 16:11 | Report Abuse

u go bursa and ask bursa to ask sebak to announce whether they did submit for another postponement or not.

Posted by Beautyseeker > 2021-11-17 16:11 | Report Abuse

Bursa has its own power to control it.
SD has its own right to use also.

At the end,we just want to see them settle this situation

Posted by BobAxelrod > Nov 17, 2021 1:06 PM | Report Abuse

Bursa is a Trading platform for investors and companies easy access. If SC as watchdog is not exercising Rules, what good would that be? Good for Table tricks?

Posted by solomolo > 2021-11-17 16:12 | Report Abuse

.............

Serba Dinamik Holdings Bhd has been granted a one-month extension by Bursa Malaysia to issue its annual report, including its audited financial statements and the auditors’ and directors’ reports for the financial year ended June 30, 2021.

The new deadline, is Nov 30.

https://www.freemalaysiatoday.com/category/nation/2021/10/26/serba-dinamik-gets-more-time-to-release-annual-report-special-review-findings/

...............................

Posted by superrr > 2021-11-17 16:14 | Report Abuse

SCIB business is completely connected to sb, so it also faced A/C problem and was suspended by SC. This has shown to be a big problem. It's destined to be unsolved...Gone case..

Posted by Huangbk72 > 2021-11-17 16:16 | Report Abuse

I used to enjoy my argument with him in the early days...

Now the feeling is gone...

He has degraded into only able to sound out hysterical rantings.. kinda like the Korea shaman i see on Kdrama..



PSAi3alert Huangbk72,

I agree with you.

However, the fake CEO has Key Action Positive United Team (KAPUT) initiatives that will alter her own perception, that is already disconnected with reality.

Posted by Sslee > 2021-11-17 16:20 | Report Abuse

Bursa Malaysia, which only has its listing requirements to rely on, and which in turn largely relates to listing requirement/regulation and breach of disclosure of information offence

SC relay on CAPITAL MARKETS AND SERVICES ACT 2007 to act: https://www.sc.com.my/api/documentms/download.ashx?id=2093f82c-7929-47e8-9279-f88e3b85dbbf
Highlight: Penalty for offence under Subdivision 1– Offences relating to false trading and market rigging, stock market manipulation, etc

182. A person who contravenes section 175, 176, 177, 178, 179 or 181 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.

175. False trading and market rigging transaction
176. Stock market manipulations
177. False or misleading statements, etc.
178. Fraudulently inducing persons to deal in securities
179. Use of manipulative and deceptive devices
181. Dissemination of information about illegal transactions
Penalty for offence under Subdivision 2– Offences relating to Insider trading

188. (4) A person who contravenes subsection (2) or (3) Prohibited conduct of person in possession of inside information 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

Subdivision 3 – Civil remedies

199. Civil liability for contravention of section 175, 176, 177, 178, 179 or 181
200. Civil action by Commission
201. Recovery of loss or damages
Prohibited conduct of director or officer of a listed corporation: Bleaches of fiduciary duties of directors

317A. (1)A director or an officer of a listed corporation or any of its related corporations shall not do or cause anyone to do anything with the intention of causing wrongful loss to the listed corporation or any of its related corporations irrespective of whether the conduct causes actual wrongful loss.

(2) This section is in addition to and not in derogation of any law relating to the duties or liabilities of directors or officers of a listed corporation.

(3) A person who contravenes subsection (1) commits an offence and shall, on conviction, be punished with imprisonment for a term which shall not be less than two years but not exceeding ten years and be liable to a fine not exceeding ten million ringgit.

Posted by solomolo > 2021-11-17 16:22 | Report Abuse

...................

The Board of Directors (“the Board”) of Serba Dinamik Holdings Berhad (“the Company”) wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) has via its letter dated 25 October 2021, approved the Company’s application for extension of time of one (1) month from 31 October 2021 until 30 November 2021 to issue the Company’s Annual Report that includes the Annual Audited Financial Statements together with the Auditors’ and Directors’ Reports for the financial period ended 30 June 2021 pursuant to Paragraph 9.23(1) of the Main Market Listing Requirements of Bursa Securities.

This announcement is dated 25 October 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3203294

...............................

Posted by treatshijau > 2021-11-17 16:23 | Report Abuse

little bit more
will see the update
then will see how

Posted by Layman2020 > 2021-11-17 16:28 | Report Abuse

Haiyo, SD already appointed Nexia as auditor to do their job, KPMG and EY is gone cases already because no matter how they will stick to their own findings and decision to red flag as before. If there were a negotiation it should be done before all this mess happen. Now last hope is on Nexia audited AR. If this one also screwed up, really sayonara

Posted by Huangbk72 > 2021-11-17 16:36 | Report Abuse

You can say sayonara

Audit is a process.. regardless of which audit firm

Nexia findings will not deviate from KPMG and EY....

Posted by Layman2020 > 2021-11-17 16:38 | Report Abuse

So you also think the outcome will be the same as KPMG and EY?

Posted by tradersampah > 2021-11-17 16:38 | Report Abuse

just wait end of this month. hopefully SD can speed up fast..long long time redi

Posted by Trader258 > 2021-11-17 16:39 | Report Abuse

If Nexia is not careful or trying to be ' funny ' they will get sued by EY. Simple as that.

Posted by Trader258 > 2021-11-17 16:40 | Report Abuse

And the dirty SD is the cause of all this nonsense going on...

Posted by wongchin > 2021-11-17 16:41 | Report Abuse

To pearlwhite. It seem u r like karam proxy. Why not tell your boss to release the Sir tomorrow. Highlight those issue that need to be dispute wih ey? Hw many trivial issue js highlight it to the public. Why need to hold until today??

Posted by shybutter > 2021-11-17 16:43 | Report Abuse

I believe they will still ask to hold

Posted by Beautyseeker > Nov 17, 2021 4:07 PM | Report Abuse

Eager to see next analysis by Public Bank on SD.

Should hold again?

Posted by shybutter > 2021-11-17 16:43 | Report Abuse

Maybe Bursa should announce it

Posted by leno > Nov 17, 2021 4:11 PM | Report Abuse

u go bursa and ask bursa to ask sebak to announce whether they did submit for another postponement or not.

Posted by Gerrardo > 2021-11-17 16:46 | Report Abuse

But they did committed to pay the coupon right?

Posted by Stocksafeplayer > Nov 17, 2021 4:44 PM | Report Abuse

Suspended trading bcos of SIR pending.

Late submission of audited accounts already extended & approved by Bursa/SC till 30 Nov, as reported.

New shxt now ie Missed coupon payment which was due 9 Nov has 30-day Grace Period…..Serba Karim confirmed paying kah?