The Company will work with its external auditor to expedite the finalisation of audit of the AFS 2021 and to issue the Annual Report 2021 as soon as possible before the end of December 2021.
It is obvious Karim takut dgn bayang2 sendiri, sampai nak umum AR pun saman sana saman ini takut pecah tembelang. Sampai bila nak mcm ni, better release and the fact and start again to revive the company and remove those fake business and create the genuine one. Do not get involved with any middle east company and India, many of them are fake, and difficult to get paid on work carried out whether you have a valid contract or not.. very very difficult....
Even if with time until Dec 2021, still can have clean audit report? Or by then another story pop up, auditor don't know their business or legal suit again?
They can sue and counter sue to delay the release of the reports. What they couldn't do is to delay the bond coupon payment. Pay up or it goes into default.
I won't blame you as the creative accounting to fool investors must have started a long time ago. I think the only remedy is to take class legal action together with mutual funds caught in this Serbak fiasco. Seek compensation against parties responsible for the fraudulent accounting, if proven to be when the dust settled later.
Posted by IdleMoney66 > Nov 25, 2021 4:15 PM | Report Abuse
TBH...i have invested 140,000 unit here at average price of 0.70. Total amount invested here is RM100,000
. Due to the resignation of 2 INEDs in protest to Bursa's attempt to subvert the completion of the Special Independent Review, there is a change in the Key Actions Plans of Serba Dinamik disclosure date. All others remain the same.
Note : Status the same @1st November 2021. Key focus is to disclose items before 31st December 2021 (previously 30th November 2021).
@25th November 2021 Details of Key Action Indicators. Lets run the show for the better of SD.
COMPLETED ACTIONS FROM DETAILS BELOW - Restructure company to greater heights - more contracts/projects, focus on customer. - Founder's legacy 1 - removed margin call risks till 10 sen and before completion of SIR. - Manage cash flow and forecasts. - New financing initiatives will not involve Private Placement. and Rights Issue. - EY will provide finalised SIR to Bursa. - Bursa to request SD to announce SIR findings. - Complete 2020 audit and annual report as planned. - Complete 30/9/2020 QR within time frame or earlier (1st draft out by 21/10/2021). - Group meetings with asset / fund managers together with re-rating agencies. Initiate re-rating process.. - Meeting with current financiers. Initiate re-rating process.
Shareholders' Mandate - Founder's legacy 2 - restructure founder shareholdings to focus on future strategy, finance, legal - in progress
Business Development - Re-engage lost and new customers and continue to win more contract/projects - in progress - Provide more innovative and new products and services to customers world wide. - In progress
Operations / Project Management / Procurement - Continue focus on delivering continue safety, operational efficiency and cost effectiveness - in progress - Continue to delivery on projects within customers expectations and satisfaction on time.
Finance - Manage collections and expenditures - In progress
Governance - Issues highlighted in forum will be dealt by SC/Bursa directly with forummers. SD will have no part in time wasting activities. - In progress. - To deliberate offer by KPMG to resolve legal issue. - In progress. .
What to do? Lesson learnt, Never invest in Bumiputera control business in future. I very disappointed on Malaysia Bumi. When will they have ability to shine on global. Too dull for Malaysia future.
alenac I won't blame you as the creative accounting to fool investors must have started a long time ago. I think the only remedy is to take class legal action together with mutual funds caught in this Serbak fiasco. Seek compensation against parties responsible for the fraudulent accounting, if proven to be when the dust settled later.
I feel you bro, i also got bulk of share there ---------------------------------------
alenac I won't blame you as the creative accounting to fool investors must have started a long time ago. I think the only remedy is to take class legal action together with mutual funds caught in this Serbak fiasco. Seek compensation against parties responsible for the fraudulent accounting, if proven to be when the dust settled later.
Posted by IdleMoney66 > Nov 25, 2021 4:15 PM | Report Abuse
TBH...i have invested 140,000 unit here at average price of 0.70. Total amount invested here is RM100,000 25/11/2021 4:36 PM
Siti Zaleha Binti Sulairman Independent Non-Executive Director
WORKING EXPERIENCE AND OCCUPATION After graduation from State University of New York, Zaleha began her career as a Senior Administration Officer, Bank Examination 1, at Bank Negara Malaysia in 1989. In 1995, she joined Bursa Malaysia Berhad Kuala Lumpur as the Head, IS/IT Audit Department, with the Group Internal Audit. Later, she was promoted to positions as an Acting Head, Group Internal Audit and Head of IS/IT Audit Department in Bursa Malaysia Berhad Kuala Lumpur in 2010. In 2011, she was appointed as the Head of Corporate Risk Management & Acting Head of Group Internal Audit in 2011, before appointed as Head of Corporate Risk Management in 2013. She currently sits as Independent Non-Executive Director at AIMFLEX Berhad since October 2020.
“Recently, VU Kumar, an ex-partner of PwC, has remarked in The Edge that he found it strange that a consulting company is conducting the special audit when such task should be done by an auditor.”
ǷearlꙌhite .
My colleague and friend, VU Kumar, INED for Bumi Armada, finds this whole episode perplexing for a very simple matter.
“We want to be treated fairly as the authorities are asking us to do things that are not fair or just to the company as well as our investors. There is a need to have robust information in place before any conclusion can be made.”
The newly appointed chairman was in the Oct 21 meeting.
The meeting was minuted and recorded.
Don't make He-Man angry.
--- What really transpired during the Oct 21 joint meeting ---
[ In the Oct 21 joint meeting, Bursa also informed Serba Dinamik's obligations to announce the SIR findings.
“However, the INED of the company who were present, expressed their concern on the timing of making the announcement, in light of the absence of the chairman at the joint meeting.”
“The next day, Bursa contacted Serba Dinamik to advise it and present its views again for them to make an immediate announcement of the findings, to which the company was of the opinion that the findings are not material information and does not warrant an announcement,” the affidavit states.]
bojed “We want to be treated fairly as the authorities are asking us to do things that are not fair or just to the company as well as our investors. There is a need to have robust information in place before any conclusion can be made.”
Nothing to do with race, but is your stupinssss kill you. There are many success bumi company
How stopcd are you? KPMG raise red flag - should caution SD sue KPMG - only idixt still invest Ex risk director resign - only 2 x idiox still invest SD sue exDirector - only 3x ixiot still invest SD sue Bursar - only 5x idxot still support SD SD sue EY - only 6x xdiot still support SD
dleMoney66 quoted What to do? Lesson learnt, Never invest in Bumiputera control business in future. I very disappointed on Malaysia Bumi. When will they have ability to shine on global. Too dull for Malaysia future. 25/11/2021 4:54 PM
They'll blame anything and everything but themselves. -----------------------------------------------------------------------------
Nikmon Why investor blame race, authority when is their own fault and greedy, sorry to tell you no treatment for greedy and stupod..... 25/11/2021 5:44 PM
Stock: [SCIB]: SARAWAK CONSOLIDATED INDUSTRIES BHD
Posted by InterFund Oct 28, 2021 4:15 PM | Report Abuse
Adding 5 million shares more..................................
Stock: [SCIB]: SARAWAK CONSOLIDATED INDUSTRIES BHD
Posted by InterFund Oct 27, 2021 4:14 PM | Report Abuse
Adding another 2 million shares today.................................
Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD
Posted by InterFund Oct 22, 2021 6:15 PM | Report Abuse
I bought 8 million shares................... Karim bought only 1 million....................
Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD
Posted by InterFund Oct 11, 2021 12:09 PM | Report Abuse
RM3 in sight.............................. @uncle_lim is right............................. many new millionaires in the making..............................
Karim is the best CEO.............. Conclusion after meeting with our clients they want more of SERBADK cakes............... Initiate marubozu...........
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....
Huangbk72
4,944 posts
Posted by Huangbk72 > 2021-11-25 15:23 | Report Abuse
He will... he lives in a fantasy world filled with imaginary battleships and handsome HK actors..
LOL
Nikmon Haha, I doubt this stupxd will post any comment after delisted.....lol
Huangbk72 quoted
Delisted soon.
Then Mable happy SD delisted and sleep like a baby.. said so himself
25/11/2021 3:07 PM
25/11/2021 3:11 PM