Posted by superrr > 2021-12-13 16:37 | Report Abuse

Do more publicity with no capital...easy jobs....CUMA BERCAPKAP..

Posted by superrr > 2021-12-13 16:42 | Report Abuse

Tunggu lah lama lama, ending will be delisted...

Posted by serbatipu > 2021-12-13 16:44 | Report Abuse

Aerospace ? Tin Kosong , audit things also not yet settled.

Posted by superrr > 2021-12-13 16:47 | Report Abuse

Yeah , Tin kosong always make more noise...

Posted by Wirajati > 2021-12-13 16:54 | Report Abuse

Space is important. You cant google that place exist or not, just trust k. Ekeke

Posted by SunnySunshine > 2021-12-13 16:58 | Report Abuse

True, On earth also can cheat, space is the best, no one can undiscover any fake story.

Trust monkey better, at least monkey can dance for me.

——————
Wirajati Space is important. You cant google that place exist or not, just trust k. Ekeke
13/12/2021 4:54 PM

Posted by getingreal > 2021-12-13 17:18 | Report Abuse

Maybe put satellite in the vast space between his ears.
If the Govt had give away money (like flying fan car) then sure Tony F and Air A would wallop to hide an F1 car full of under table commissions cash on the moon.

Posted by shareinvestor888 > 2021-12-13 17:21 | Report Abuse

Yeah man, wonder how auditors could verify if a satellite is in space orbit or not?

Posted by limlaopeh > 2021-12-13 17:21 | Report Abuse

Tesla wannabe, a good story teller, a bad businessman, serba is in the entertainment industry, focusing on comedy

Posted by hoot9e996 > 2021-12-13 17:24 | Report Abuse

when remove suspension? i want to cash out already!!!!!!!!! money stuck so long

Posted by Surebet > 2021-12-13 17:29 | Report Abuse

https://www.theedgemarkets.com/article/serba-dinamik-planning-have-own-satellite-three-and-half-years-%E2%80%94-ceo

HOW UNSHAMEFUL AS A PERSON GOT MEET SULTAN JOHOR AND PM SOMEMORE WHAT A SHAMEFUL COUNTRY BOLEHLAND HAS BECOME. NO MONEY GOT TONGKAT ALSO FAIL SHAMEFUL

Posted by rulethemarket > 2021-12-13 17:30 | Report Abuse

who even cares about satellite plan few years down the road?!

shareholders only care about the suspension issue now!!

Posted by bobvic96 > 2021-12-13 17:47 | Report Abuse

limlaopeh Tesla wannabe, a good story teller, a bad businessman, serba is in the entertainment industry, focusing on comedy
13/12/2021 5:21 PM

Best post of the day

Posted by fms016 > 2021-12-13 18:13 | Report Abuse

EY is the partner of Block 7 Investment but still cannot confirm on genuinely of the project..weird?? Phone number is there to contact for confirmation..what kind of game in Malaysia that lead to suspension being drag too long..

My opinion, can do faster since EY exist globally..just confirm project existence or WIP..to recognise bad debt due to unpaid isnot logic bcoz project still new..

Posted by SHQuah > 2021-12-13 18:15 | Report Abuse

The day when SD could produce AR and remove from suspension would be National day and National holiday. Just dreaming.

Posted by SHQuah > 2021-12-13 18:16 | Report Abuse

The day when SD could send satellite to space would be another National holiday and corruption day.

Posted by Michael R. > 2021-12-13 18:36 | Report Abuse

Investors will hv to pay the money needed to send the Satellite?

Posted by Prudentinv > 2021-12-13 19:30 | Report Abuse

Professional Ethics of Auditors: The Case of Serba Dinamik© kenchiro168 / Shutterstock.com
Ecovis Global > Professional Ethics of Auditors: The Case of Serba Dinamik
Professional Ethics of Auditors: The Case of Serba Dinamik
12. August 2021
The recent dispute between a listed corporation, Serba Dinamik Holdings Berhad (“Serba Dinamik”) and KPMG has made waves in Malaysia as the impending legal suit is allegedly linked to negligence, breach of contractual and statutory duties of the audit firm.

Serba Dinamik is a Malaysian-based investment holding company, which manages the Serba Dinamik Group and CSE Global Ltd. The Group provides information technology (IT) solutions, energy and engineering services, mainly to the Oil and Gas (O&G) and power generation industries. The suit commenced after KPMG red-flagged several issues on Serba Dinamik’s bills and transactions in the draft Annual Report for the year ended 31 December 2020. It was understood that KPMG was unable to verify the details of the third parties for these transactions.Citing publicly available information, KPMG has denied the allegations and has stepped down from its duties as the external auditor due to being unable to continue with its duties independently. Upon the legal action taken by Serba Dinamik, five independent and non-executive directors of Serba Dinamik have resigned, with four of them expressing their disagreement over said decision, and on 25 June 2021, the company’s stock price dived to an all-time low of 23%.

Auditors in Malaysia are guided under Section 320 of the Capital Markets and Services Act 2007 (“Act”), which states that auditors are required to report to the Securities Commission Malaysia (“SC”), as well as Bursa Malaysia, any cases that adversely affect the financial position of the public listed company to a material extent, or any breach of securities laws and rules of the stock exchange. It is worth noting that under Section 128(2) and 320(2) of the Act, it posits that auditors are not liable to be sued in any court with respect to any statement submitted by the auditor in good faith and in the intended performance of any duty imposed on the auditor. By following the Act, the auditor enjoys these privileges due to its obligations to provide an independent report and not be influenced by other parties.

In order for Serba Dinamik to be successful in their legal claim, the management is required to show proof that KPMG has, in fact, breached its duties, as well as on the grounds of alleged professional negligence, breach of contract and breach of statutory duty. Regardless of the final outcome of the dispute, this audit issue serves as a reminder to the members of the accounting profession to uphold the principles of trustworthiness, transparency, and accuracy in independent financial reporting. Auditors are obligated to report any breaches or irregularities immediately to the SC.

Leaders of accounting firms should serve as role models by ensuring that the codes of conduct filter down through the entire organisation, to fully prepare auditors as they navigate potential ethical dilemmas. It is crucial for auditors to build public trust by advocating professional and personal ethical values to avoid potential publicised failures, which can tarnish the reputation and values of the accounting profession.

Posted by dianatrader > 2021-12-13 19:48 | Report Abuse

Just get other money. This counter will only settle later.

Posted by hoot9e996 > Dec 13, 2021 5:24 PM | Report Abuse

when remove suspension? i want to cash out already!!!!!!!!! money stuck so long

Posted by alieyasmart > 2021-12-13 19:52 | Report Abuse

Suspension was made by Bursa i think

Posted by shareinvestor888 > Dec 13, 2021 5:26 PM | Report Abuse

Who can remove suspension? Bursa or Court

Posted by dimmubroker > 2021-12-13 19:57 | Report Abuse

Business is business

Not to pity any individual

Posted by r2d288 > Dec 13, 2021 12:56 PM | Report Abuse

why pity him? he is the master mind for all the case. i pity all the investor, game over

Posted by hanna20 > 2021-12-13 20:03 | Report Abuse

He is still steady as usual. Nothing to worry

Posted by RexKing > Dec 13, 2021 12:49 PM | Report Abuse

Feel pity for this SD boss. Accounting fraud and default bond interest payment issue still cannot resolved and now want create spacecraft to do headlines for himself.. Really crazy

Posted by kamirise360 > 2021-12-13 20:08 | Report Abuse

True.

SD forum still one of the active forum despite the suspension

Posted by Mabel > Dec 13, 2021 8:26 AM | Report Abuse

Hahaha keep cheering..

You guys and gals are doing a great job..

Despite suspension, Serba is consistently up on the podium

Let Karim and his boys, Bursa and SC do their job. They are working for us..

Based on Snow White updates there's lots of things happening in the background.. So just be patient and be prepared with the two scenarios..

Have a great week!

Meow

Posted by risekita8 > 2021-12-13 20:11 | Report Abuse

Just waiting. No new updates

Posted by hijau belalang > Dec 13, 2021 9:07 AM | Report Abuse

any development?
still waiting?

Posted by dimmubroker > 2021-12-13 20:13 | Report Abuse

Just wait until 31 Dec 2021.

They should settle it immediately

Posted by hijau belalang > Dec 13, 2021 9:28 AM | Report Abuse

is there any given date?
i think not yet right
or depends on BUrsa

Posted by hanna20 > 2021-12-13 20:16 | Report Abuse

Sure. We need more than luck now

Posted by SHQuah > Dec 13, 2021 8:00 AM | Report Abuse

Good luck to SD and everyone

Posted by dianatrader > 2021-12-13 20:18 | Report Abuse

Mabel seems very active and positive in SD.

Posted by Mabel > Dec 13, 2021 8:26 AM | Report Abuse

Hahaha keep cheering..

You guys and gals are doing a great job..

Despite suspension, Serba is consistently up on the podium

Let Karim and his boys, Bursa and SC do their job. They are working for us..

Based on Snow White updates there's lots of things happening in the background.. So just be patient and be prepared with the two scenarios..

Have a great week!

Meow

Posted by alieyasmart > 2021-12-13 20:20 | Report Abuse

Hahaha

Is that Mabel really fierce?

Posted by superrr > Dec 13, 2021 9:51 AM | Report Abuse

Haha. I have to lari kuat kuat from mabel 444....haha

shareinvestor888 Don’t get ah kua mabel 444 excited la… @superrr
Ah kua like very tall men
13/12/2021 9:45 AM

Posted by risekita8 > 2021-12-13 20:23 | Report Abuse

Satellite is another business by SD.

It is not related to the suspension.

Posted by rulethemarket > Dec 13, 2021 5:30 PM | Report Abuse

who even cares about satellite plan few years down the road?!

shareholders only care about the suspension issue now!!

Posted by kamirise360 > 2021-12-13 20:24 | Report Abuse

Ok. This one is funny. Hehehe

Posted by shareinvestor888 > Dec 13, 2021 5:21 PM | Report Abuse

Yeah man, wonder how auditors could verify if a satellite is in space orbit or not?

Posted by BobAxelrod > 2021-12-13 20:33 | Report Abuse

Yeah, right the satellite project is done by the Auntie's husband from the In-Law side.....not related to SD......hehehehe


Posted by risekita8 > Dec 13, 2021 8:23 PM | Report Abuse

Satellite is another business by SD.

It is not related to the suspension.

Posted by shybutter > 2021-12-13 20:36 | Report Abuse

Honestly, i dont think you can cash out immediately.

The faster can be might be early next year.

Posted by hoot9e996 > Dec 13, 2021 5:24 PM | Report Abuse

when remove suspension? i want to cash out already!!!!!!!!! money stuck so long

Posted by shybutter > 2021-12-13 20:37 | Report Abuse

Currently SD still need to settle their SIR and AR with Bursa.

Need to get the report immediately from the respective auditors.

But until now, still waiting for the updates

Posted by Aurora13 > 2021-12-13 20:54 | Report Abuse

Cash out? What do you mean? Even if it resume tomorrow it will open at 0.005 evbidy throws, basically no more money left

Posted by paulthesotong > 2021-12-13 21:03 | Report Abuse

Serbaman and his Bod were abducted by Klingon back in May.ASKA has kept lid on this to avoid the worldwide panic. HE is trying to bargain his freedom by claim BAU work as well with aliens, that truly is ' done nothing wrong'

Posted by paulthesotong > 2021-12-13 21:19 | Report Abuse

Its still over valued.

Posted by OpporturnityHunter > 2021-12-13 21:43 | Report Abuse

Dear Karim

Be realistic lah please. Sir also cannot announce in time and so with AR. Jangan cakap something 3 & 1/2 years later oh. Cakap Sir and AR first lah. Siapa tahu SD masih wujud or not 3 &1/2 years later. No need to inform such news now lah, for what ? for your share to raise to 0.45 keh ? so funny


------------------------------------------------------------------------------------------------
Surebet https://www.theedgemarkets.com/article/serba-dinamik-planning-have-own...

HOW UNSHAMEFUL AS A PERSON GOT MEET SULTAN JOHOR AND PM SOMEMORE WHAT A SHAMEFUL COUNTRY BOLEHLAND HAS BECOME. NO MONEY GOT TONGKAT ALSO FAIL SHAMEFUL
13/12/2021 5:29 PM

Posted by OpporturnityHunter > 2021-12-13 21:44 | Report Abuse

always do thing terbalik , wakakakakaka, Karim Karim

Posted by OpporturnityHunter > 2021-12-13 21:44 | Report Abuse

if government cannot provide tongkat to you to walk properly, I can buy you a wheel chair so you no need walk, just sit on the wheel chair lah

Posted by shpg22 > 2021-12-13 21:49 | Report Abuse

Elon musk wannabe. Karim karim.... Sudahlah.
Baik cuci buntut bersih bersih seblom masuk jail je

Posted by bojed > 2021-12-13 21:59 | Report Abuse

We refer to Bursa Malaysia Securities Berhad’s query letter dated 10 December 2021 and the news article by The Edge titled “Serba Dinamik subsidiary defaults on bond coupon payment” dated and published on 10 December 2021.

Please be informed that Serba Dinamik Holdings Berhad and its group of companies (“the Group”) have yet to receive any notice of default in respect of the outstanding USD222 million sukuk.

The Group shall update from time to time should there be any new development.

This announcement is dated 13 December 2021.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3218308

Does this mean SD have managed to complete the coupon payment within the stipulated time? Or does this mean they have actually defaulted the payment but they are just waiting for it to be officially confirmed?

Posted by risingstar21 > 2021-12-13 22:42 | Report Abuse

Not in near time

Posted by hoot9e996 > Dec 13, 2021 5:24 PM | Report Abuse

when remove suspension? i want to cash out already!!!!!!!!! money stuck so long

Posted by risingstar21 > 2021-12-13 22:44 | Report Abuse

I already expecting the issue will until next year.

Just stay calm waiting

Posted by InsiderShark > 2021-12-13 22:54 | Report Abuse

How to unsuspected when they already defaulted on their bond. Look at the Bursa query, Bursa asked Serba if what theedge wrote is true, serba just says they have yet to receive the notice of default from banker... wtf is this? If they already paid the bond, they would have said they've paid and theedge is wrong and will take legal action, goes to show they already defaulted.

It will not be unsuspended, it will be delisted and then go into PN17. bond holders... secured one will want to take Serba's asset and sell it. serba is gone case already.

shareholder 100% loss.

Posted by Gerrardo > 2021-12-13 22:59 | Report Abuse

I think the investor already aware of the risks

Posted by r2d288 > Dec 13, 2021 12:56 PM | Report Abuse

why pity him? he is the master mind for all the case. i pity all the investor, game over

Posted by Gerrardo > 2021-12-13 22:59 | Report Abuse

Profit or loss already normal.

Sometimes we gain, sometimes we loss

Posted by Depeche > 2021-12-13 23:00 | Report Abuse

@Bojed... think they're waiting to be officially informed they defaulted payment.... as nonchalant as ever...LOL

Posted by josephn > 2021-12-13 23:05 | Report Abuse

https://www.klsescreener.com/v2/news/view/923029/serba-dinamik-plans-to-have-its-own-satellite-in-3-5-years-ceo

Don't worry, Just keep the shares for 3 years, Serbadk said they would have satellite in future like Maxis.

Posted by bojed > 2021-12-13 23:21 | Report Abuse

SD truly are the kings of the tak apa attitude LOL!

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

Depeche @Bojed... think they're waiting to be officially informed they defaulted payment.... as nonchalant as ever...LOL
13/12/2021 11:00 PM

Posted by kfbusjd > 2021-12-13 23:21 | Report Abuse

cant do anything, i am just enjoying the movie. In case this company delisted, i loss for thousands while Karim himself loss for billions.