Posted by PSAi3alert > 2021-11-25 21:15 | Report Abuse

Robust information is the evidence produced by Serba's BOD that the following projects are fake.

Evidence and information from auditors, alleged clients, witnesses, banks, central banks, regulatory bodies, court judgments etc is not considered robust and cannot be used for any findings.

Serba is demanding that only Serba is allowed to prove that those projects, revenue and receivables are fake.

(Serba is alleging that it does not need to prove that those projects, revenue and receivables are real.)


Process Dynamics - fake project
Pavilion Qatar Engineering Co. W. L.L -fake project
Halul Offshore Services Company WLL - fake project
New Thunder Technical Services - fake project
Block 7 - fake project
Future Digital Data Systems LLC - fake project
Lata International Trading and Services - fake project
Regno International Trading & Services W.L.L - fake project
Midad Industrial Services - fake project
PT Pilar Bahtera Energi - fake project
Revenue International LLC - fake project
Sufini Holdings Ltd - fake project
Captiv Techno Solutions Private Limited - fake project
Analog and Digital Labs India Private Limited - fake project
Hazarasp Chlor Alkali LLC FC - fake project
Nam Taep 1,2,3 Hydropower Co Ltd - fake project
Hydro Village Private Ltd - fake project


"There is a need to have robust information in place before any conclusion can be made.”

What is robust information?
25/11/2021 7:21 PM

Posted by PSAi3alert > 2021-11-25 21:26 | Report Abuse

You want the truth?

You can't handle the truth!

We live in a world that has Special Independent Reviews (SIR), and those reviews have to be guarded by men with forked tongues.

Who's gonna do it? You? You, hanna20?

I have a greater responsibility than you can possibly fathom. You weep for Integrity, and you curse the lack of Honesty. You have that luxury.

You have the luxury of not knowing what I know -- that Integrity's death, while tragic, probably saved lives; and my existence, while grotesque and incomprehensible to you, saves lives.

You don't want the truth because deep down in places you don't talk about at parties, you want me on that SIR -- you need me to bury the SIR.

We use words like "BAU," "robust information," "Shoplot." We use these words as the backbone of a life spent pretending something. You use them as a punch line.

I have neither the time nor the inclination to explain myself to a someone who rises and sleeps under the blanket of the fake projects that I create and then questions the manner in which I provide it.

I would rather that you just said "thank you" and went on your way. Otherwise, I suggest you pick up excuses and fictional lies to cover-up all fictitious projects. Either way, I don't give a DAMN what you think you're entitled to!



hanna20 Yes. We only want the truth

Posted by straightarrow > Nov 25, 2021 2:19 PM | Report Abuse

Wah this forum all about suing, tangkap etc.... SD shareholders only want the truth, nothing but the truth, so help us god!
25/11/2021 9:02 PM

Posted by Mabel > 2021-11-25 21:27 | Report Abuse

When Mabel was a little gal, Mummy used to say..

"Don't listen to stranger"...

Your money, your call...

Meow

Posted by gemfinder > 2021-11-25 21:31 | Report Abuse

Habis. Confirm bankrap

Posted by dimmubroker > 2021-11-25 21:33 | Report Abuse

If this true, the news surely has been spread out.

But i don't think it us true.

Posted by leno > Nov 25, 2021 6:55 PM | Report Abuse

last time got 1 fellow hiding in sabah say his telegram got people works as staff in serba. That is why he bought TONS of sebak all the way down to 30 sen. Then sold everything off at 30.5 sen.

Can someone ask this fellow to ask his telegram member whether sebak this month can pay staff salary or not.

Posted by dimmubroker > 2021-11-25 21:35 | Report Abuse

Let see very soon.

Posted by gemfinder > Nov 25, 2021 9:31 PM | Report Abuse

Habis. Confirm bankrap

Posted by PSAi3alert > 2021-11-25 21:37 | Report Abuse

When I was new to this forum, i3lurker used to say ..

"beware Mabel could be an 80 year old totally bald man typing on his computer wearing Pagoda singlets and white cotton triangular underwear, unwashed for 3 days and cigarettes dangling from his lips.

Body stinking from a lifetime of cheap beer and illegal toddy.
Yellow nicotine stained fingers trembling to type something for 25 sen a word."

i3lurker is right ...

Posted by Sneakpeek > 2021-11-25 21:37 | Report Abuse

No other candidate other than a 22 years old as director? Hahaha..really shop lot level

Posted by Surebet > 2021-11-25 21:39 | Report Abuse

Ss shareholder just want their money back

Posted by Sneakpeek > 2021-11-25 21:42 | Report Abuse

Of course they cannot finish the AR..instead of tackling the issue..they busy sue here and there..replacing directors..where got time.

Posted by gemfinder > 2021-11-25 21:43 |

Post removed.Why?

Posted by bojed > 2021-11-25 21:44 | Report Abuse

SERBA DINAMIK HOLDINGS BERHAD

Type of Board Committee Nomination and Remuneration Committee
Date of change 25 Nov 2021
Salutation ENCIK
Name NOOR AZRI BIN DATO' SRI NOOR AZERAI
Age 22
Gender Male
Nationality Malaysia
Type of change Appointment
Designation Member of Nomination and Remuneration Committee
Directorate Independent and Non Executive
Composition of Nomination and Remuneration Committee(Name and Directorate of members after change) 1) Datuk Seri Haji Mohamed Farid Bin Abu Hassan - Chairman (Independent Non-Executive Director);
2) Datuk Abdul Kadier Sahib - Member (Non-Independent Non-Executive Director);
3) Puan Siti Zaleha Binti Sulaiman - Member (Independent Non-Executive Director); and
4) Noor Azri Bin Dato' Sri Noor Azerai - Member (Independent Non-Executive Director).

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3212769

Isn't this the deputy CEO of Bintai?

Posted by Wirajati > 2021-11-25 21:49 | Report Abuse

Psa13alert...few good men...what a movie...

Posted by alieyasmart > 2021-11-25 21:57 | Report Abuse

There is still time available

Posted by Sneakpeek > Nov 25, 2021 9:42 PM | Report Abuse

Of course they cannot finish the AR..instead of tackling the issue..they busy sue here and there..replacing directors..where got time.

Posted by straightarrow > 2021-11-25 21:57 | Report Abuse

Noor Azri Bin Dato' Sri Noor Azerai - Member (Independent Non-Executive Director).Yes he is the Deputy CEO of Bintai and only 22 years old,

Posted by alieyasmart > 2021-11-25 21:57 | Report Abuse

Wow.

Can i get his number pleaseee

Posted by straightarrow > Nov 25, 2021 9:53 PM | Report Abuse

Yes he is the Deputy CEO of Bintai and only 22 years old

Posted by leno > 2021-11-25 22:02 | Report Abuse

23 months without audited report
some more ask for another month to make it a complete
2 FULL year without audited report
2 FULL year without AGM
2 auditor refuse to qualified the account
2 chairman cabut lari
7 independent directors resign
and now a 22 year budak jadi commitee

CANTEEEEEEEEEEEEEEKKK !!

Posted by straightarrow > 2021-11-25 22:04 | Report Abuse

Head Office
3-2-8, Kompleks Kantonmen Prima
No. 698, Jalan Ipoh
51200 Kuala Lumpur
Tel : 03 - 2732 2684 / 03 - 4042 6233
Fax : 03 - 2732 2654
@alieyasmart...walk in and meet this young man...

Posted by alieyasmart > 2021-11-25 22:08 | Report Abuse

Hope not happen lorr

Posted by gemfinder > Nov 25, 2021 9:43 PM | Report Abuse

No anual report bo quarterly report nothing. Beter delist. Kakakakaka

Posted by Sslee > 2021-11-25 22:13 | Report Abuse

When will Malaysia court do what a Chinese court do?

A Chinese court fined five independent directors hundreds of millions of dollars. Now China’s board members are quitting
https://fortune.com/2021/11/22/china-kangmei-pharmaceuticals-fine-independent-corporate-board-directors-quit/

China’s independent directors are quitting once coveted seats on the boards of listed companies, spooked by fines levied on five directors of Kangmei Pharmaceutical Co. that totaled hundreds of millions of dollars.

Independent directors of at least 20 companies listed on the Shanghai and Shenzhen stock exchanges have resigned after a Guangzhou court ruled on Nov. 12 that some Kangmei executives and their external accountants were responsible for fabricating its financial statements. They were required to jointly compensate investors for a combined 2.5 billion yuan ($391 million) of losses.

Kangmei’s five independent directors are each liable for between 5% and 10% of the amount, equivalent to 123 million yuan to 246 million yuan, according to an exchange filing. They collected less than 200,000 yuan in annual director fees from the firm.

Posted by dianatrader > 2021-11-25 22:15 | Report Abuse

This is more regarding to the auditing processes

Posted by josephn > Nov 25, 2021 6:59 PM | Report Abuse

What a incompetent BOD and employee could not manage and complete job on time, only know to file complain letter

Posted by dianatrader > 2021-11-25 22:15 | Report Abuse

Any news or update from the KPMG case?

Posted by sheep > 2021-11-25 22:20 | Report Abuse

22 years old but bapa built USD 1 million flying ship...don't play play ...wakakakaka

https://vulcanpost.com/139631/netizens-responses-melakas-flying-ships/

Posted by solomolo > 2021-11-25 22:21 | Report Abuse

...........

dianatrader....from new chairman..007 news...

https://focusmalaysia.my/serba-theres-no-cover-up-were-only-acting-in-our-stakeholders-best-interest/

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

Posted by chleow > 2021-11-25 22:22 | Report Abuse

let say drop to button, likely force selling will make it faster to button, once it open market, expected will be limit down. either close shop or Karim buy back, if Karim buy back, he need money to support, so for the worst case, he throw the money to support, he have to sell other stock to collect money, else it will be 0.005, so resume or not resume also bad for him. delay will be best scenario for him. Bursa should have enough evident if hv fault and can report it, but until now Bursa not doing it. this one i m not understand.

Posted by Mini Bull > 2021-11-25 22:23 | Report Abuse

sorry, 0.005 coming

Posted by solomolo > 2021-11-25 22:24 | Report Abuse

22 years boy....do u think...30cent still relevant price...when all this seatle?...hehe

Posted by Mabel > 2021-11-25 22:27 | Report Abuse

#PSAi3alert When I was new to this forum, i3lurker used to say ..

"beware Mabel could be an 80 year old totally bald man typing on his computer wearing Pagoda singlets and white cotton triangular underwear, unwashed for 3 days and cigarettes dangling from his lips.

Body stinking from a lifetime of cheap beer and illegal toddy.
Yellow nicotine stained fingers trembling to type something for 25 sen a word."

i3lurker is right ...
25/11/2021 9:37 PM

Haha i3lurker is a politician...

He will say whatever that please you...

Like Mummy used to say....

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Nov 25, 2021 9:27 PM | Report Abuse

When Mabel was a little gal, Mummy used to say..

"Don't listen to stranger"...

Your money, your call...

Meow

Posted by Beautyseeker > 2021-11-25 22:29 | Report Abuse

Serba Dinamik Holdings Berhad - Ceasing Coverage
Author: PublicInvest | Publish date: Thu, 25 Nov 2021, 10:15 AM

Shares of Serba Dinamik (Serba) have been suspended since October 22, of which Bursa Securities cited paragraph 16.02(1)(c) of the Main Market Listing Requirements in the interest of maintaining an orderly and fair market in the trading of the company’s securities. This came as a result of a directive by the regulator to disclose findings of the Special Independent Review pursuant to Paragraph 2.23(1) of the Main Market Listing Requirements, which Serba declined to do, contending that Ernst & Young Consulting Sdn. Bhd. is still in the midst of performing the Special Independent Review. Subsequent to this, Serba has missed coupon payments for its USD300m coupon, though the company has indicated that it will make good the payments within the 1-month grace period under the terms of agreement. Meanwhile, Serba’s Chairman and an independent director have just resigned, citing that Bursa’s most recent stipulations had stopped them from fairly discharging their duties. Bursa had, on November 22, announced that it was seeking a court order to compel Serba to disclose updates on the findings of the special independent review.

Given the heightened uncertainties as a result of these issues – accounting related queries, legal challenges with auditors (both KPMG and EY) and the regulator – we are unable to appropriately assess the prospects of the Group in the near to medium term. With earnings visibility likely to be limited and given the need to re-deploy our resources internally, we are ceasing coverage on Serba.

Our last call is Neutral with a target price of RM0.31 based on a 0.3x multiple to its FY21 book value of RM1.05. Earnings estimates should no longer be relied on as basis of investment decisions.

Source: PublicInvest Research - 25 Nov 2021

Posted by Beautyseeker > 2021-11-25 22:29 | Report Abuse

Until now, we can see that Public Invest still recommended to hold this SD.

Posted by Mabel > 2021-11-25 22:31 | Report Abuse

#gemfinder Habis. Confirm bankrap
25/11/2021 9:31 PM

Haha gemfinder....that's what you said to FGV....

Suddenly out of the blues declared in the FGV Forum ....Sold at a profits...

Anyway, Well done for the big wins in FGV and Inari...

Meow

Posted by leno > 2021-11-25 22:32 | Report Abuse

Crook Father send crook son to learn from the crook on how to be a crook.
Semoga masuk penjara sebelum umur 23

Posted by wolfbroker > 2021-11-25 22:38 | Report Abuse

Wow. Really young..

Posted by bojed > Nov 25, 2021 9:44 PM | Report Abuse

SERBA DINAMIK HOLDINGS BERHAD

Type of Board Committee Nomination and Remuneration Committee
Date of change 25 Nov 2021
Salutation ENCIK
Name NOOR AZRI BIN DATO' SRI NOOR AZERAI
Age 22
Gender Male
Nationality Malaysia
Type of change Appointment
Designation Member of Nomination and Remuneration Committee
Directorate Independent and Non Executive
Composition of Nomination and Remuneration Committee(Name and Directorate of members after change) 1) Datuk Seri Haji Mohamed Farid Bin Abu Hassan - Chairman (Independent Non-Executive Director);
2) Datuk Abdul Kadier Sahib - Member (Non-Independent Non-Executive Director);
3) Puan Siti Zaleha Binti Sulaiman - Member (Independent Non-Executive Director); and
4) Noor Azri Bin Dato' Sri Noor Azerai - Member (Independent Non-Executive Director).

https://www.bursamalaysia.com/market_information/announcements/company...

Isn't this the deputy CEO of Bintai?

Posted by bojed > 2021-11-25 22:38 | Report Abuse

This news was published in 2015, which makes this 22 y.o. newly appointed SD NED 16 y.o. back then... And he was the president/head of Aron Rinani Sdn Bhd at that age?

Just so you guys know, that RM3.2 billion project failed hard and it's not surprising at all.

That was back then but today Bintai has just announced a decent QR. Maybe this guy has finally found his footing.

Those who are holding SD shares better pray hard that this youngling is legit and not a mere proxy for something else.

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

sheep 22 years old but bapa built USD 1 million flying ship...don't play play ...wakakakaka

https://vulcanpost.com/139631/netizens-responses-melakas-flying-ships/
25/11/2021 10:20 PM

Posted by IdleMoney66 > 2021-11-25 22:41 | Report Abuse

Noor Azri is a crypto fans. He did a lot of invest on NFT. Lol How come Serbadk will appoint this kind of people as INED. Kisiao la ni....nak goreng atau nak convert Serbadk to Crypto or NFT ke?

Posted by wolfbroker > 2021-11-25 22:41 | Report Abuse

He might be soooo goood to have that position i think.

'Far better' than Rashed who was in PNB before

Posted by IdleMoney66 > 2021-11-25 22:42 | Report Abuse

Ofc...this Azri is a proxy to someone

Posted by solomolo > 2021-11-25 22:45 | Report Abuse

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

KUALA LUMPUR: Bintai Kinden Corp Bhd's subsidiary Bintai Healthcare Sdn Bhd is collaborating with Scientillence Sdn Bhd for hemodialysis businesses in Malaysia and Southeast Asia.

https://www.thestar.com.my/business/business-news/2021/09/02/bintai-healthcare-enters-partnership-with-scientillence

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

Posted by Gerrardo > 2021-11-25 22:46 | Report Abuse

Still many people hope the things can be solve out.

Posted by gemfinder > Nov 25, 2021 9:43 PM | Report Abuse

No anual report bo quarterly report nothing. Beter delist. Kakakakaka

Posted by IdleMoney66 > 2021-11-25 22:46 | Report Abuse

Check Azriazerai on IG. He just had a board introduction with the board last few hours.....

Posted by Gerrardo > 2021-11-25 22:47 | Report Abuse

Today, we can see many new appointment have been made.

SD really want to settle this i think. And they should do that.

Posted by IdleMoney66 > 2021-11-25 22:47 | Report Abuse

OMG...really fxxk up now....appointed such a immature person who traded NFT...

Posted by shybutter > 2021-11-25 22:47 | Report Abuse

All eyes are on them.

Posted by Gerrardo > Nov 25, 2021 10:47 PM | Report Abuse

Today, we can see many new appointment have been made.

SD really want to settle this i think. And they should do that.

Posted by shybutter > 2021-11-25 22:48 | Report Abuse

Furthermore, next week already month end.

SD must come out with some action plan immediately

Posted by Gerrardo > 2021-11-25 22:50 | Report Abuse

Let see how SD will settle this.

Will there be a miracle?

Posted by leno > Nov 25, 2021 10:02 PM | Report Abuse

23 months without audited report
some more ask for another month to make it a complete
2 FULL year without audited report
2 FULL year without AGM
2 auditor refuse to qualified the account
2 chairman cabut lari
7 independent directors resign
and now a 22 year budak jadi commitee

CANTEEEEEEEEEEEEEEKKK !!

Posted by risingstar21 > 2021-11-25 22:52 | Report Abuse

Why Bursa sought Serba Dinamik to be compelled to make public announcement on independent review
Author: savemalaysia | Publish date: Wed, 24 Nov 2021, 12:22 PM



KUALA LUMPUR (Nov 24) : Since Oct 21, this year Bursa Malaysia had advised Serba Dinamik Holdings Bhd to make a public announcement with regards to the Ernst and Young Consulting Sdn Bhd (E&Y) findings over the four scope of its Special Independent Review (SIR) of the company.

In an affidavit in support by Julian Mahmud Hashim, Bursa's chief regulatory officer (CRO), it was stated that a joint meeting was held on Oct 21, attended by representatives from Bursa, Serba Dinamik independent non-executive directors (INED), and E&Y, and in the meeting Bursa felt in its considered judgement there are “material information” from E&Y initial report which must be disclosed to the public.

“This follows the findings are reasonably expected to have a material effect on the price, value or market activity of Serba Dinamik and the decision of a holder of securities of the company or an investor in determining its, or his or her choice of action,” in court documents sighted by theedgemarkets.com.

The court documents filed by Messrs Chooi & Company + Cheang & Ariff, are in relation to Bursa's announcement on Tuesday evening, to seek a court order to compel Serba Dinamik to make a public announcement of the SIR findings.

In Bursa's application, it is seeking a declaration that Serba Dinamik had contravened or breached and is in continuing contravention and breach of its obligations under the Main Market Listing Requirements (MMLR), when it refused or failed to comply with Bursa's instructions on Oct 22.

It also sought Serba Dinamik to be compelled to disclose the E&Y's SIR and the KPMG findings.

It also sought a court order directing Serba Dinamik to complete the SIR with E&Y or in the event of EY's premature resignation or its termination, the court orders the company to appoint an independent reviewer with international affiliation within 14 markets days for the SIR to be completed.

The SIR was done to assess the veracity and accuracy in matters raised by KPMG, as the auditor found questions regarding the recognition of Serba Dinamik and its subsidiaries revenue, purchases, receivables, payables and materials on site balances which may affect the company's financial position.

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.

Posted by risingstar21 > 2021-11-25 22:52 | Report Abuse

Suspension in trading

In light of Serba Dinamik's refusal to make the announcement, and pursuant to Bursa's powers under the MMLR, Bursa decided to suspend the trading of the company's securities on Oct 22.

“After the suspension, on Oct 22, Bursa issued a directive to Serba Dinamik to disclose the findings and directs it to make an announcement on the findings by Oct 26, failing which it shall effect a suspension of trading of it’s securities on the next market day.

“However, Serba Dinamik failed to comply with the directive,” the court document said adding this led to Serba Dinamik's securities trading to be suspended with effect from 9am on Oct 27.

Bursa further alleged that Serba Dinamik's refusal and failure to disclose the findings is a contravention of MMLR requirements.

“Its continuing refusal and/or failure to comply with the directive (by Bursa) warrants Bursa to do all acts necessary to enforce and give effect to the directive.

“This honourable court has the power to make such orders pursuant to Section 360(1)(c)(i) and/or (ii) (J) and/or (K) and/or (M) and read together with s 360(4) of the Capital Markets and Services Act, inter alia for Serba Dinamik to make an announcement on the findings,” the legal document said.

Serba Dinamik seeks to remove presiding judge

Meanwhile, Serba Dinamik had earlier this month filed two separate actions at the High Court against Bursa and also E&Y to stop them from releasing the findings.

A case management of the case was done on Tuesday (Nov 23), before Justice Datuk Ahmad Fairuz Zainol Abidin, where it is understood the company sought to have the judge removed from presiding over the case.

This follows Justice Ahmad Fairuz had previously served with the Securities Commission (SC) as its deputy chief executive before becoming a High Court judge.

Serba Dinamik, which had sought an injunction against Bursa and E&Y from releasing the report, earlier this month had sought more time from the judge to respond and answer Bursa and E&Y's affidavit in rep

Posted by risingstar21 > 2021-11-25 22:53 | Report Abuse

This SD situation now has become more interesting now.

Should follow until finish.

Posted by solomolo > 2021-11-25 22:54 | Report Abuse

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

Serba Dinamik Heatlhcare IT

https://www.mytpa.my/

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

Posted by solomolo > 2021-11-25 22:55 | Report Abuse

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

KUALA LUMPUR: Bintai Kinden Corp Bhd's subsidiary Bintai Healthcare Sdn Bhd is collaborating with Scientillence Sdn Bhd for hemodialysis businesses in Malaysia and Southeast Asia.

https://www.thestar.com.my/business/business-news/2021/09/02/bintai-healthcare-enters-partnership-with-scientillence

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