Posted by IdleMoney66 > 2021-11-29 16:57 | Report Abuse

Karim = Icon of Bumiputera Entrepreneur
Farid = Ex-PDRM
Siti Zaleha = Head of Bursa Risk Management

Encik Noor Azri = A kid investing in NFT.....lollll

Posted by superrr > 2021-11-29 17:00 | Report Abuse

Presumably the bankers has closed the umbrella to sd...

Posted by Gerrardo > 2021-11-29 17:03 | Report Abuse

Is it? I thought they were suppose to submit the SIR to Bursa?

Posted by IronShirt > Nov 29, 2021 3:29 PM | Report Abuse

Bursa cannot release SIR. SIR infor. is SB property. Only SB can release, Or Court forced Release

Posted by hanna20 > 2021-11-29 17:08 | Report Abuse

So, to whom should we refer for the SIR actually?

Posted by solomolo > Nov 29, 2021 3:32 PM | Report Abuse

court forced from bursa...i mean from trades news...bursa release from trades news...then to public news

Posted by Gerrardo > 2021-11-29 17:11 | Report Abuse

Which official statement are you referring?

Posted by amirf1221 > Nov 29, 2021 10:21 AM | Report Abuse

With the latest official statement, if no appeal is made then will see the result earlier right?
Have to abide the timeline given

Posted by dimmubroker > 2021-11-29 17:14 | Report Abuse

Another problem is coming again - omicron

Hopefully there will be no more MCO like before please.

Posted by TryMakeGoodBuy > Nov 29, 2021 2:16 AM | Report Abuse

Talk positive about SD.

Yes.
Positive for Covid 19!
Hahaha

Posted by hanna20 > 2021-11-29 17:17 | Report Abuse

The time will definitely come.

They can't just postpone forever.

Posted by tradersampah > Nov 29, 2021 3:34 PM | Report Abuse

if postpone another a month u all can consider postpone forever

Posted by dimmubroker > 2021-11-29 17:18 | Report Abuse

Today heard the news that Japan already close their borders for foreigners.

But Malaysia will open ours soon. LOL

Posted by risekita8 > 2021-11-29 17:23 | Report Abuse

I think it is because many people reporting abuse on his comments.

Posted by shareinvestor888 > Nov 29, 2021 10:28 AM | Report Abuse

Pearl Putih kena Removed by i3 admin for abuse of this forum.

ǷearlꙌhite Post removed. Why?
28/11/2021 5:33 PM

Wkakakakaka. Kalau berani, repeat your postings la…so you can share with bs telegram group

Posted by risekita8 > 2021-11-29 17:24 | Report Abuse

Sometimes it is not because the comments did abuse this forum.

But maybe many didn't like with what he has mentioned.

Posted by kamirise360 > 2021-11-29 17:27 | Report Abuse

We have to be careful with omicron

Posted by shareinvestor888 > Nov 29, 2021 11:12 AM | Report Abuse

Always love knee-jerk reactions… $$$

BobAxelrod Biden's early Christmas presents to all, delivered by Omicron, crashing markets and oil prices......


https://www.straitstimes.com/world/suspected-omicron-covid-19-cases-mi...
29/11/2021 8:50 AM

Posted by TryMakeGoodBuy > 2021-11-29 17:27 | Report Abuse

SIR will not come out until SD kaa Boom.

Even if Bursa win case, SD will appeal.
Then another delay.

Nexia is just a smoke screen.
Nexia will not sign off AR until SIR is out.
If out, then KPMG and EY will be sued by SD.
Who u think will win?

My take, SD will die from lack of cashflow soon.
Reflected by the inability to pay coupon and purchase of building.

I suspect bank has already suspended loan facilities as SD's credibility has gone down the drain.
All recent contracts if obtained are just candy floss to divert focus on bad news. Easy to get contracts, just under price

Posted by kamirise360 > 2021-11-29 17:28 | Report Abuse

I do believe we should reconsider about the decision to open back our borders.

Maybe need to see what will this omicron affected our country

Posted by solomolo > 2021-11-29 17:38 | Report Abuse

Hanna20...just wait announced news by bursa to trades news..as this sample news link...

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3212295

and dont know yet..SIR from EY or Nexia

Posted by dianatrader > 2021-11-29 17:39 | Report Abuse

Everything depends on the SD now

Posted by amirf1221 > Nov 29, 2021 9:36 AM | Report Abuse

How about now?
Any support?

Posted by dianatrader > 2021-11-29 17:39 | Report Abuse

Tomorrow already month end.

SD need to make a move now

Posted by alieyasmart > 2021-11-29 17:44 | Report Abuse

Did serba send any other request?

Posted by tradersampah > Nov 29, 2021 3:34 PM | Report Abuse

if postpone another a month u all can consider postpone forever

Posted by shybutter > 2021-11-29 17:45 | Report Abuse

The request has been rejected isn't it?

Serba Dinamik: Bursa rejects second request for extension to issue FY20 annual report. Bursa Malaysia has rejected Serba Dinamik Holdings's second request for an extension of time to issue its annual report for the FYE 30 June, 2021. Serba Dinamik shares have been suspended since Oct 22 and were last traded at 35 sen, giving the company a market capitalisation of RM1.3bn. (The Edge)

Posted by Beautyseeker > 2021-11-29 17:46 | Report Abuse

Yes. Never trust public news absolutely

Posted by solomolo > Nov 29, 2021 3:34 PM | Report Abuse

if is not from trades news..public news are fake

Posted by Beautyseeker > 2021-11-29 17:46 | Report Abuse

It is better to cross check with the relevant site or news.

Trade news from Bursa is more better.

Posted by solomolo > Nov 29, 2021 3:34 PM | Report Abuse

if is not from trades news..public news are fake

Posted by alieyasmart > 2021-11-29 17:49 | Report Abuse

But i think currently in the court case is not about the SIR release issue. So, i dont think court will push for the SIR to release.

It is a different case.

Posted by IronShirt > Nov 29, 2021 3:48 PM | Report Abuse

If Court forced Release, then SIR report will be..." dont know, dont know....Cannot Trace....cannot
trace.....where this item comes from......Better donT release

Posted by solomolo > 2021-11-29 17:50 | Report Abuse

Yup Serba already requested...and Bursa also already rejected the request...so suspension will continued until AR and Audit reported out...so just wait next year lah...with SIR report ..i think

The information on suspension of trading of SDHB’s securities in view of the delay in the issuance of Annual Report 2021 are as follows:-

a. Date of suspension: the Company's securities has been suspended since 22 October 2021.

b. 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.

c. The expected date of issuance of the outstanding Annual Report 2021 is 31 December 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3212295

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

Posted by wolfbroker > 2021-11-29 17:53 | Report Abuse

I wondering why people got so much time to spread fake news.

Why?

Posted by solomolo > Nov 29, 2021 3:52 PM | Report Abuse

just wait lah...see what happens next...let them do their job loh..no need to share fake news loh

Posted by risingstar21 > 2021-11-29 17:55 | Report Abuse

If this is true, it is good also for us to see the SD reaction after this.

Posted by OldWiseMan100 > Nov 29, 2021 2:02 PM | Report Abuse

SIR not yet out but Bursa filed a court order together with KPMG and EY's report. TheEdge went and look up EY's report since it is made public by the court, and it is bad bad bad news.

https://ibb.co/6r4zGRV

Posted by wolfbroker > 2021-11-29 17:58 | Report Abuse

This Mabel is really consistent with her SD.

Good to see someone so positive.

Posted by Mabel > Nov 29, 2021 12:05 PM | Report Abuse

#superrr Kesian Mabel itu 60 + still bragging around every day .....When a counter up he/she ? will claims that he/she has bought it...predicting the thing been happened...
29/11/2021 11:59 AM

Haha my Leornado DCaprio is back...

Ya lor...Mabel follow you one...You also brag what ...everyday brag Serba will be Doom..

60? So you must be 70+ ke?.

To Our Success

Meow

Posted by shybutter > 2021-11-29 17:59 | Report Abuse

Did Nexia make their statements on this?

Posted by shareinvestor888 > Nov 29, 2021 5:52 PM | Report Abuse

Yeah, appeals (if happen) could take ages!

TryMakeGoodBuy SIR will not come out until SD kaa Boom.

Even if Bursa win case, SD will appeal.
Then another delay.

Nexia is just a smoke screen.
Nexia will not sign off AR until SIR is out.
If out, then KPMG and EY will be sued by SD.
Who u think will win?

My take, SD will die from lack of cashflow soon.
Reflected by the inability to pay coupon and purchase of building.

I suspect bank has already suspended loan facilities as SD's credibility has gone down the drain.
All recent contracts if obtained are just candy floss to divert focus on bad news. Easy to get contracts, just under price
29/11/2021 5:27 PM

Posted by risingstar21 > 2021-11-29 18:02 | Report Abuse

The financing will be settle when the SIR and AR also settle. Simple.

Posted by Depeche > Nov 29, 2021 4:36 PM | Report Abuse

SD needs financing going forward....AR and SIR cannot drag on and on... otherwise, they better prepare a farewell banquet with red carpet to welcome the shareholders... please throw in limo service too....LOL

Posted by solomolo > 2021-11-29 18:07 | Report Abuse

shareinvestor888...as i said...karim share got 800 million in there...if he need money to pay their sukuk..his already agree with the bad SIR..no need to wait until end of december...so is up to u..your opinion ..your call...my opinion..my call...hehe

Posted by shareinvestor888 > 2021-11-29 18:10 | Report Abuse

Pearl Putih… Be brave to Re-Post what was Removed by i3 admin can?

ǷearlꙌhite Post removed. Why?
28/11/2021 5:33 PM

Posted by ǷearlꙌhite > 2021-11-29 18:15 | Report Abuse

.
Note : Status the same @1st November 2021. Key focus is to disclose items before 31st December 2021 (previously 30th November 2021).

@29th 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.

=====================================================================
OUTSTANDING / ON-GOING

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.
.

Posted by chleow > 2021-11-29 18:23 | Report Abuse

those data is no meaning for us !!!

Posted by Honesty > 2021-11-29 18:23 | Report Abuse

Great progression!!

ǷearlꙌhite .
Note : Status the same @1st November 2021. Key focus is to disclose items before 31st December 2021 (previously 30th November 2021).

@29th 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.

=====================================================================
OUTSTANDING / ON-GOING

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.
.
29/11/2021 6:15 PM

Posted by Honesty > 2021-11-29 18:23 | Report Abuse

Serba looking as strong as ever !!

Posted by Honesty > 2021-11-29 18:26 | Report Abuse

Assumption to Accusation to Denial to Disillusioned Reality to Repeat Old Stories and Name Calling !!
Daily Nay Sayers Activities, in order to brain wash people perception~~
Wakaka

Posted by IronShirt > 2021-11-29 18:29 | Report Abuse

yah it is True unless SB secretary Key-in and agree to release SIR for Bursa perusal then only
Bursa can release on its website...Even SIR documents sourced from EY cannot be release without Karim agreement ( their property )...unless Court forced Release

Posted by newtrader1989 > 2021-11-29 18:34 | Report Abuse

Wonderful goreng quarter for kpower has been released

Posted by Depeche > 2021-11-29 18:36 | Report Abuse

Well... that's the point... they have to clear all these uncertainties before being able to be re-rated positively.... don't default on any payment... banks only care whether u have the means to repay them.

Posted by newtrader1989 > 2021-11-29 18:43 | Report Abuse

https://www.klsescreener.com/v2/news/view/916849

Posted by IronShirt > 2021-11-29 19:09 | Report Abuse

screwing Bursa with Court Order, just make Bursa Mad. What Bursa can Do if you make
them Mad...... 1) Place SB under Designated Trade 2) No Cap on Lower Limit but always Cap
upside...3) once designated, Brokerage House will immediately List SB for Cash only Trade
( you deposit Cash first to Broker before you can Buy SB )
4) Full Trace on heavy Volume Dealers, literally wipe-out syndicate who want to Goreng UP
( goreng Down, you got Bursa blessing )

Posted by CUTLOST > 2021-11-29 19:19 | Report Abuse

Serba serbi boleh loor

Posted by joyvest > 2021-11-29 19:51 | Report Abuse

Titanic is sinking fast and furious....

PW casting as Jack said to mabel casting as Rose "Promise me you'll survive. That you won't give up, no matter what happens. No matter how hopeless. "

PW: Promise me you'll survive this fiasco.

Mabel is so touched that she is holding on till now....she is doing this for PW only....life will go on and so is SD....

Posted by newtrader1989 > 2021-11-29 20:31 | Report Abuse

Mabel sleep like a baby on Konrim D*ck on the Titanic

Posted by PSAi3alert > 2021-11-29 21:01 | Report Abuse

Corporate schizophrenia in Laos

January 2018

OHP Ventures was incorporated in the Federal Territory of Labuan, Malaysia on 27 February 2018 as a private limited company under the Labuan Companies Act 1990.

The total issued and paid-up share capital of OHP Ventures is USD 100

OHP Ventures has entered into a joint development agreement with Thavone Athsamouth dated 9 January 2018 for the development, financing, construction, commissioning and operation and maintenance of two (2) mini hydro installations/projects with an aggregate capacity of 30MW in the district of Houaphan, Lao People's Democratic Republic (“Lao PDR”) (“Project”). The Project had commenced in July 2018 and shall be completed by January 2022.

OHP Ventures owns seventy percent (70%) of the issued and paid-up shares in Nam Taep 1.2.3 Hydropower Company Limited (“NT”), a company incorporated in Lao PDR. NT is the holder of the two (2) concessions for the Project. NT had entered into two (2) power purchase agreements (“PPAs”) with Électricité du Laos, both dated 8 December 2017, for the sale and purchase of the net electrical output generated from 3x5MW Nam Taep 1 and 3x5MW Nam Taep 2 hydropower energy generating facility, respectively, to be constructed at Ban Nam Taep and Ban Nameuang, Xam Tai District, Houaphan Province, Lao PDR.

OHP Ventures Sdn Bhd ("OHPVSB") as at February 2018 owned the entire issued and paid-up share capital of OHP Ventures.


19 July, 2018

Serba Dinamik Holdings Bhd has secured an engineering, procurement, construction and commissioning (EPCC) contract to build two hydro power plants in Laos, which will have the capacity to generate 30 megawatt (MW) of electricity for US$66.2 million, equivalent to RM268.8 million.

Serba Dinamik said the contract was awarded by Nam Taep 1,2,3 Hydropower Co Ltd ("NT") to its wholly-owned subsidiary Serba Dinamik International Ltd, which is valid throughout the next 43 months or 3.6 years.

--->>> Serba got awarded a USD66.2M project by "NT" (70% owned by OHP Ventures)


16 Oct 2018

The Board of Directors of SDHB (“Board”) wishes to announce that the Company’s whollyowned subsidiary, SDIL had on 15 October 2018, entered into a share sale and purchase agreement (“SSA”) with OHPVSB to acquire forty nine percent (49%) equity interest held by OHPVSB in OHP Ventures (“Sale Shares”) for the Purchase Consideration (“Proposed Acquisition”).

Upon completion of the Proposed Acquisition, OHP Ventures will become a forty nine percent (49%)-owned associated company of SDIL. SDIL and OHPVSB are hereinafter either individually referred to as the “Party” or collectively as the “Parties”. Further details of the Proposed Acquisition are set out in the ensuing sections.

Sharifah Irina Binti Syed Ahmad Radzi (“Sharifah” or the “Interested Director”) is the
Independent Non-Executive Director of SDHB. She is related to one of the directors and
shareholders of OHPVSB and accordingly, she is deemed interested in the Proposed
Acquisition.

--->>> OHP Ventures has 70% interest in NT
--->>> Serba paid USD800,000 for 49% of OHP Ventures (paid-up capital USD100) from OHPVSB
--->>> Serba effectively has 34.3% in NT


21 February 2020

He said KPOwer had recently received and accepted a letter of award from Zhenghong Building Road and Bridge Construction Co Ltd to undertake, among others, the design, supply, construction, commissioning and completion of an eight megawatt hydropower plant at Nam Samoy in Vientiane, Laos.

--->>> Nam Samoy Hydropower Co. Ltd. was already listed at the developer of the Nam Samoy project that was intended to qualify as a Clean Development Mechanism (CDM) project in a 2014

https://cdm.unfccc.int/Projects/DB/TUEV-RHEIN1437628107.49/view


29 June 2020

KPowernet told Bursa Malaysia today that it was awarded a US$40.7mil (RM174.5mil) contract by Zhenghong Building Road & Bridge Construction Co Ltd to build two hydropower energy facilities in Houaphan province.

The latest contract is for the supply, construction, commissioning and completion of the civil work for the development of 3x5 megawatt (MW) Nam Taep 1 and 3x5MW Nam Taep 2 hydropower energy generating facilities.

--->>> NT already awarded the 3x5 megawatt (MW) Nam Taep 1 and 3x5MW Nam Taep 2 hydropower project to Serba for US$66.2 million in July 2018

--->>> Zhenghong Building Road & Bridge Construction Co Ltd is now awarding the same project to KPowernet for US$40.7mil?!

Posted by PSAi3alert > 2021-11-29 21:01 | Report Abuse

Questions:

In July 2018, Serba got awarded a USD66.2M project by "NT" for the 3x5MW Nam Taep 1 and 3x5MW Nam Taep 2 hydropower energy facility

In June 2020, KPower announced the award by Zhenghong Building Road & Bridge Construction Co Ltd for the 3x5 megawatt (MW) Nam Taep 1 and 3x5MW Nam Taep 2 hydropower energy generating facilities

Question: How can Zhenghong award the same project to KPowernet for US$40.7mil in June 2020, when NT already awarded the project to Serba for USD66.2M in July 2018?

Question: Has NT terminated the contract that was previously signed with Serba?

Nam Samoy Hydropower Co. Ltd. was already listed at the developer of the Nam Samoy project that was intended to qualify as a CDM project in a 2014.

Question: How can Zhenghong award the same project to KPower in Feb 2020?

Question: Is there any evidence to show that Zhenghong has signed PPAs with Électricité du Laos for both projects?

Question: Since Fitch has downgraded Laos country rating to CCC, how are the projects going to be funded?

Posted by InterFund® > 2021-11-29 21:34 | Report Abuse

We all know KPMG and EY are both shop lot auditors.................. Thus explains the same findings................. Werid thing is this shop lot KPMG shoul have discovered the fraud earlier yet the only discovered it in 2020............... Shop lot auditor for shop lot company....................

Posted by Prudentinv > 2021-11-29 21:53 | Report Abuse

From what I can understand from all the comments, KPMG and EY consultant maybe working with Bursa.

Posted by shareinvestor888 > 2021-11-29 21:53 |

Post removed.Why?

Posted by fms016 > 2021-11-29 21:59 | Report Abuse

Interfund,

Issued raise by KPMG related to Block 7 investment revenue..this project received by SD on April last year..if debtor balance can be confirmed, SD will get green light on revenue..otherwise, KPMG will assume revenue is not correct..i'm afraid EY got same result bcoz some landlord only want to pay after project completed..they will not confirmed the debtor balance since it will indicate they need to pay that amt to Serba..maybe they afraid of LD that they can claim..

Posted by PSAi3alert > 2021-11-29 22:15 | Report Abuse

fms016,

Both Block 7 and FDDS were registered by Karim.

Block 7
https://ibb.co/6Bm54hJ

FDDS
https://ibb.co/qWh3Zf5

Posted by i3lurker > 2021-11-29 22:28 | Report Abuse

actually Serba was angry that some of those debtors balances were fully paid up but KPMG still insists/wants to audit it.

receivables fully paid up are always audited as well.
only layman non-auditors do not know this