Posted by muhfiq > 2021-11-23 09:49 | Report Abuse

Now see their reaction

Usually have domino effect with the news

Or they can get away with other decoy

Posted by EVO118 > 2021-11-23 09:59 | Report Abuse

Millionaires & Billionaires in the making.

Posted by muhfiq > 2021-11-23 10:00 | Report Abuse

Got the plan ready

Will see queueing again

Hope for the good result

Posted by muhfiq > 2021-11-23 10:07 | Report Abuse

Who are the hands behind it?

Need to know too

Something big

Posted by tradersampah > 2021-11-23 10:14 | Report Abuse

hangpa ada dgr news nk tarik balik suspension kt mn? aku tgk kelam ja

Posted by derrickinvestor > 2021-11-23 10:16 | Report Abuse

now no way to run and no way to hide.. already suspended till delisted if cant submit to Bursa

Posted by EVO118 > 2021-11-23 10:19 | Report Abuse

tradersampah
That is an old news? 2018? What are you doing?

Posted by amirf1221 > 2021-11-23 10:33 | Report Abuse

Suspension not lifted yet?
Then wait is the only option

Posted by amirf1221 > 2021-11-23 10:34 | Report Abuse

Good if can settle in near soon
New era is coming
With or without it, must go on

Posted by superrr > 2021-11-23 10:56 | Report Abuse

No way run and no way to hide,....Still have so many promotors dreaming can make millions....Those sharks of course will get millions ( already ran before suspension ) only bilis will pay for it..

Posted by superrr > 2021-11-23 11:09 | Report Abuse

Sharks won bilis paid , These are the stocks market for a long time fate circumstances.....The rich cheat poor, the poor prays for god...

Posted by armadatuah2017 > 2021-11-23 11:38 | Report Abuse

and the poor only mourning with the loudest voice...wee said.

Posted by armadatuah2017 > 2021-11-23 11:38 | Report Abuse

and blaming fate......

Posted by armadatuah2017 > 2021-11-23 11:39 |

Post removed.Why?

Posted by amirf1221 > 2021-11-23 11:45 | Report Abuse

Interesting how they react
Indeed show their true colours
Happy day

Posted by amirf1221 > 2021-11-23 11:46 | Report Abuse

In near soon will see the outcome
Sure will have huge impact
Then most of them will become loud

Posted by Vicky > 2021-11-23 11:47 | Report Abuse

Next week Mon is doomsday for Serba. Stay cool and enjoy the slide. Either slide up or slide doen

Posted by Vicky > 2021-11-23 11:47 | Report Abuse

down

Posted by amirf1221 > 2021-11-23 11:49 | Report Abuse

The moment of truth
We've been waiting for that
Time to take it

Posted by Vicky > 2021-11-23 11:50 | Report Abuse

Well one man profit is another man loss. remember that for stock market

Posted by tradersampah > 2021-11-23 12:04 | Report Abuse

7days to go

Posted by treatshijau > 2021-11-23 12:22 | Report Abuse

if can, want it real fast
no need to wait

Posted by treatshijau > 2021-11-23 12:23 | Report Abuse

in any business too
need to act quick
make wise decision


Posted by Vicky > Nov 23, 2021 11:50 AM | Report Abuse

Well one man profit is another man loss. remember that for stock market

Posted by tradersampah > 2021-11-23 12:25 | Report Abuse

who will profit in suspension mode?

Vicky Well one man profit is another man loss. remember that for stock market
23/11/2021 11:50 AM

Posted by treatshijau > 2021-11-23 12:40 | Report Abuse

now will see
actually some parties gained profit
but not in the surface

Posted by treatshijau > 2021-11-23 13:02 | Report Abuse

getting more excitement
time to have a better plan
outcome is anyone's guess

Posted by Hoot9Yee > 2021-11-23 13:44 | Report Abuse

Insider news : serbadk will suspend until 31st June 2022

Posted by Hop333 > 2021-11-23 13:45 | Report Abuse

Insider news : and even if you wish to run, you cant

Posted by newtrader1989 > 2021-11-23 13:52 | Report Abuse

Waiting for the announcement to sue Nexia

Posted by newtrader1989 > 2021-11-23 13:58 | Report Abuse

Please be really careful when reading this mabel P*ssy nonsense and read below before going into plantations

https://www.klsescreener.com/v2/news/view/913563

Posted by OpporturnityHunter > 2021-11-23 14:12 | Report Abuse

Can SD survive till 31 June 2022 ???


---------------------------------------------------------------------------------------------
Hoot9Yee Insider news : serbadk will suspend until 31st June 2022
23/11/2021 1:44 PM

Posted by Stockisnotfun > 2021-11-23 14:19 | Report Abuse

I think SD can survive because they are going to build aerospace in Dubai. Karim believe everyone can fly

Posted by Beautyseeker > 2021-11-23 14:41 | Report Abuse

Just let all voice out their opinions.

Posted by armadatuah2017 > Nov 23, 2021 11:39 AM | Report Abuse

always talk and shout with empty pockets...klse beggars..m.hahahahahaa

Posted by Beautyseeker > 2021-11-23 14:42 | Report Abuse

And why don't we just stop labelling people with improper name.

No beggars
No culprit

Just respect each other

Posted by bobvic96 > 2021-11-23 14:45 | Report Abuse

https://www.theedgemarkets.com/article/serba-dinamik-faceoff-regulators


Serba Dinamik in face-off with regulators
Jose Barrock
/
The Edge Malaysia

November 23, 2021 14:00 pm +08
This article first appeared in The Edge Malaysia Weekly, on November 15, 2021 - November 21, 2021.


IS Serba Dinamik Holdings Bhd sliding down a slippery slope, or will the company’s management be vindicated, and some semblance of normalcy return to the beleaguered oil and gas outfit?

While the problems at the company first came to light in May, last week proved significantly challenging with consistent negative news flow, including that it was seeking legal redress against the frontline capital market regulator Bursa Malaysia Bhd. One market watcher says of the pickle the company is currently in: “Clearly, it would appear that Serba Dinamik has stuff to hide and is buying time.”

However, while an increasing number of people are sceptical of Serba Dinamik’s innocence, it has its fair share of sympathisers as well.

Last week, the company failed in its bid to obtain an interim injunction against Bursa Malaysia and Ernst & Young Consulting Sdn Bhd (EY) to prevent them from releasing a special independent review (SIR) on the findings on Serba Dinamik.

To recap, Serba Dinamik is seeking legal recourse against Bursa Malaysia, EY and its original auditors KPMG. The problems at the company began after KPMG in May flagged what it alleged were more than RM4.54 billion in questionable transactions.

Serba Dinamik executives have vehemently denied any wrongdoing, and have been trying to withhold the contents of EY’s findings, suggesting that the SIR is “preliminary and inconclusive”. The oil and gas company has also questioned Bursa Malaysia’s suspension of its stock.

Worst hit are likely to be the minority shareholders, who are powerless as the stock remains suspended. The company’s market capitalisation has plunged — from RM6 billion prior to the issues surfacing to RM1.3 billion, at its price of 35 sen per share when the suspension took place.



Minority Shareholders Watch Group (MSWG) CEO Devanesan Evanson said in a weekly newsletter last Friday, “As Serba Dinamik has taken legal action against Bursa Malaysia (and EY), the issue is now in the realm of the courts and MSWG awaits the timely resolution of the case in the interest of minority shareholders.”

Serba Dinamik did not reply to questions from The Edge for this article. Nevertheless, the pressure seems to be mounting on the company, which was once an investors’ darling in the oil and gas sector.

SC breaks its silence
Last Thursday, Securities Commission Malaysia (SC) came out to explain that it had “conducted a raid on May 18, 2021, to secure documents and relevant evidence from several Serba Dinamik offices following a Section 320 Capital Markets and Services Act 2007 (CMSA) notice issued to the SC by KPMG”.

Section 320 of the CMSA says that if an auditor “is of the professional opinion that there has been a breach or non-performance of any requirement or provision of the securities laws, a breach of any of the rules of the stock exchange or any matter which may adversely affect to a material extent the financial position of the listed corporation, the auditor shall immediately submit a written report on the matter”.

Section 320(2) seems to provide auditors with immunity. It states that “No auditor shall be liable to be sued in any court for any report submitted by the auditor in good faith and in the intended performance of any duty imposed on the auditor”.

As such, Serba Dinamik’s case against KPMG could be an uphill task unless it manages to prove that the auditor did not act in good faith.

In the case of EY, which was brought in after KPMG flagged the issues, the SC says it had granted EY access to documents it had seized as the latter was having difficulties obtaining complete documentation from Serba Dinamik on several aspects of its review.

Meanwhile, Section 152 of the Securities Commission Malaysia Act 1993 (SCMA) allows the SC to require any person to disclose to it information it deems “expedient” for the administration of the securities laws. The SC, in an email response, says that it had issued a Section 152 SCMA notice to require EY to disclose its SIR findings for its review.

“The SC has made progress on its investigation and additional resources have been added to the team to ensure the investigation is completed in a timely manner,” the SC added.

Issues with Bursa and EY
Serba Dinamik’s action against the local bourse is odd considering that Section 376 of the CMSA says that no civil liability shall be incurred by a stock exchange, where such act, statement or omission was done in good faith.

Bursa Malaysia had suspended trading in Serba Dinamik shares since Oct 22, after the oil

Posted by Beautyseeker > 2021-11-23 14:47 | Report Abuse

Let see what will happen next week first

Posted by amirf1221 > Nov 23, 2021 11:46 AM | Report Abuse

In near soon will see the outcome
Sure will have huge impact
Then most of them will become loud

Posted by wolfbroker > 2021-11-23 14:49 | Report Abuse

Yup. 30th is the day.

We can start plan onwards from that

Posted by Vicky > Nov 23, 2021 11:47 AM | Report Abuse

Next week Mon is doomsday for Serba. Stay cool and enjoy the slide. Either slide up or slide doen

Posted by Vicky > 2021-11-23 14:49 | Report Abuse

Serba suspend till next year 2022 June the company will go broke as no financing.

Posted by wolfbroker > 2021-11-23 14:52 | Report Abuse

That is normal in business and trading.

Posted by Vicky > Nov 23, 2021 11:50 AM | Report Abuse

Well one man profit is another man loss. remember that for stock market

Posted by dianatrader > 2021-11-23 14:54 | Report Abuse

Let see who will laugh at last.

That is more interesting to know.

Posted by superrr > Nov 22, 2021 8:07 PM | Report Abuse

yeah, now become a laugh counter

--------------------------
yingzhe17 Drop by to read laugh comments

Posted by dianatrader > 2021-11-23 14:55 | Report Abuse

We all know anything can happen in the single second.

Like what happened in PRN Malacca. Who expected that BN can win 2/3.

That might happen to SD also. Who knows right?

Posted by alieyasmart > 2021-11-23 14:58 | Report Abuse

It is up to Bursa and SD now. We just need to wait

Posted by fms016 > Nov 22, 2021 9:02 PM | Report Abuse

still not in trading?? not fair to investor..

Posted by alieyasmart > 2021-11-23 14:59 | Report Abuse

Some of us expecting some news by this month end.

Any news as long from SD or either Bursa

Posted by kamirise360 > 2021-11-23 15:04 | Report Abuse

Which parties are gaining the profit now?

Posted by treatshijau > Nov 23, 2021 12:40 PM | Report Abuse

now will see
actually some parties gained profit
but not in the surface

Posted by risekita8 > 2021-11-23 15:07 | Report Abuse

Will it be delay again?

Posted by amirf1221 > Nov 23, 2021 11:49 AM | Report Abuse

The moment of truth
We've been waiting for that
Time to take it

Posted by tradersampah > 2021-11-23 15:18 | Report Abuse

https://www.theedgemarkets.com/article/serba-dinamik-faceoff-regulators

Posted by hanna20 > 2021-11-23 15:18 | Report Abuse

Same to me.

Make it fast.

Posted by treatshijau > Nov 23, 2021 12:22 PM | Report Abuse

if can, want it real fast
no need to wait

Posted by tradersampah > 2021-11-23 15:23 | Report Abuse

still a lot reporter still loving to wrote about serba dinamik, its mean serbadk is ordinary company

Posted by dimmubroker > 2021-11-23 15:26 | Report Abuse

Some people just can't stop talking negative.

Hee

Posted by Honesty > Nov 22, 2021 9:04 PM | Report Abuse

Assumption to Accusation to Denial and the Repeat!!
Everyday the same old story !! It is really a joke~~
Wonder why arent the nay sayers/critics get bored about their daily routine ??
Maybe they are just used to it, I mean they may be working 8-12hrs daily in a four walls set up!! Really pitiful~~

Posted by risekita8 > 2021-11-23 15:28 | Report Abuse

And still one of the most active forum in i3

Posted by tradersampah > Nov 23, 2021 3:23 PM | Report Abuse

still a lot reporter still loving to wrote about serba dinamik, its mean serbadk is ordinary company