Posted by bobvic96 > 2021-12-28 15:24 | Report Abuse

Not a good advert for these funds nor their managers


AlsvinChangan Public Islamic Select Enterprise FUND
Vanguard Emerging Markets Stock Index FUND
Great Eastern Life Assurance

These FUN Manager have tons of SD shares
28/12/2021 2:51 PM

Posted by alenac > 2021-12-28 15:24 | Report Abuse

Datuk Syed Nazim Syed Faisal, group chief financial officer Azhan Azmi, and vice-president of accounts and finance Muhammad Hafiz Othman, 3 persons misleading shareholders. Possible class action against them and Chef for their intention to cheat.



Report: Serba Dinamik, senior execs charged with feeding Bursa Malaysia false financial info
Tuesday, 28 Dec 2021 02:27 PM MYT

BY DANIAL DZULKIFLY


KUALA LUMPUR, Dec 28 — Serba Dinamik Holdings Bhd and three of its executives were charged at the Sessions Court here today with allegedly furnishing false financial statements to Bursa Malaysia Securities Bhd

According to the Edge Markets, those charged were executive director Datuk Syed Nazim Syed Faisal, group chief financial officer Azhan Azmi, and vice-president of accounts and finance Muhammad Hafiz Othman.

All three were charged under Section 369(a)(B) of the Capital Markets and Services Act 200, which covers the offence of intentionally providing false information to a stock exchange, among others, regarding a security or derivative.

Their charges were read together with Section 367(1) of the Capital Markets and Services Act 2007, which deems office holders liable for offences committed by the body corporate.

The firm was also charged under Section 369(a)(B) over an allegedly falsified financial statement on profits recorded by the firm for the fourth fiscal quarter ended on December 31, 2020.

The executives appeared before judge Sabariah Othman and pleaded not guilty.

They were represented by lawyer L.K Mak.

Sabariah set RM300,000 bail with two sureties each for each of the three accused, and ordered them to surrender their passports and report once a month to the nearest Securities Commission (SC) office until their disposal of their charges.

In another Sessions Court, Serba Dinamik non-independent executive director Abu Bakar Uzir pleaded not guilty on behalf of the firm in front of judge Hamidah Mohamed Deril on the same charge.

If convicted, the accused could face a prison term not exceedin

Posted by Karlos > 2021-12-28 15:28 | Report Abuse

Serba Dinamik Holdings Bhd has confirmed that it has defaulted on its US$222.22 million (RM939.77 million) sukuk andFitch Ratings has further downgraded Malaysia-based energy service provider Serba Dinamik Holdings Bhd's long-term issuer default rating to "RD" (restricted default) from "C".
Not to forget there are cross default provisions in the other debts as well.
Best of luck to the equity holders, the last to get whatever left over, if there is any.

Posted by thanos2020 > 2021-12-28 15:32 | Report Abuse

@superrr Only EPF and KWP are smart, they have been sold out for a long time....
28/12/2021 3:00 PM

Please talk with facts, below are the current shareholdings of those major funds...if SD delisted, if you still hv money in EPF, our yearly divident will also be affected..Dont go ard perli ppl here..14miill EPF contributors (incl u if you are still a contributor) also affected by this counter.

Employees Provident Fund 185,084,600 4.97%
Kumpulan Wang Persaraan 168,850,970 4.53%
Lembaga Tabung Haji 51,945,500 1.39%
Public Mutual Bhd. 36,450,290 0.98%

Posted by superrr > 2021-12-28 15:35 | Report Abuse

Where did u see the information that epf still holding SD ?

Posted by superrr > 2021-12-28 15:37 | Report Abuse

KLSE: SERBADK (5279) SERBA DINAMIK HOLDINGS BHD MAIN : Energy
Last Price Today's Change Day's Range Trading Volume
0.35 0.00 (0.00%) 0.00 - 0.00 0

EMPLOYEES PROVIDENT FUND BOARD
Company [SERBADK]: SERBA DINAMIK HOLDINGS BHD
Name EMPLOYEES PROVIDENT FUND BOARD
Nationality Malaysia
Role Shareholder

ShareholdingShare TransactionsRelated Company
Shareholding
Direct (units) 0
Direct (%) 0.00%
Indirect (units) 0
Indirect (%) 0.00%
Total (units) 0
Total (%) 0.00%
Date of Notice 25-Jun-2021

Posted by superrr > 2021-12-28 15:38 | Report Abuse

KLSE: SERBADK (5279) SERBA DINAMIK HOLDINGS BHD MAIN : Energy
Last Price Today's Change Day's Range Trading Volume
0.35 0.00 (0.00%) 0.00 - 0.00 0

KUMPULAN WANG PERSARAAN
Company [SERBADK]: SERBA DINAMIK HOLDINGS BHD
Name KUMPULAN WANG PERSARAAN
Nationality Malaysia
Role Shareholder

ShareholdingShare TransactionsRelated Company
Shareholding
Direct (units) 0
Direct (%) 0.00%
Indirect (units) 0
Indirect (%) 0.00%
Total (units) 0
Total (%) 0.00%
Date of Notice 01-Jun-2021

Posted by superrr > 2021-12-28 15:40 | Report Abuse

Better check first before u talk.

Posted by alenac > 2021-12-28 15:44 | Report Abuse

Why do people still want to believe EPF and KWP still got a stake in Serbak? Feel good, is it?

Posted by superrr > Dec 28, 2021 3:40 PM | Report Abuse

Better check first before u talk.

Posted by thanos2020 > 2021-12-28 15:45 | Report Abuse

Speak for yourself, Your date of notices are 1/6/2021 & 25/6/21

The below article is dated 1/7/2021..which one is latest? does it say EPF is no longer a shareholder of SD?

https://www.thestar.com.my/business/business-news/2021/07/01/epf-no-longer-a-major-shareholder-in-serba-dinamik

Posted by NatsukoMishima > 2021-12-28 15:52 | Report Abuse

@
superrr He has ran to Singapore, u may meet him now...Singapore likes rich man..... hahaha

InterFund® Why Scammer Karim not being charged yet.........................?
28/12/2021 2:23 PM

ahot75 Meanwhile, the SC also relayed its intent to charge Serba Dinamik group managing director and chief executive officer Datuk Dr Mohd Abdul Karim Abdullah, whom the commission is currently trying to locate.

The SC has applied for a warrant of arrest for Abdul Karim.
_______________
Are u sure SC already applied warrant of arrest ????

Spore will only interested in talented genius just like badminton world champions loh kean you from Malaysia , Spore will never never interested in a scammer big liar !

Posted by ahot75 > 2021-12-28 15:57 | Report Abuse

@thanos2020. No longer a major shareholder means it has below 5%. You never know whether epf continue to sell from july until oct. It needs not disclose anymore.

Posted by treatshijau > 2021-12-28 16:01 | Report Abuse

Well i dont know if any of the above stories are true
please give me a link for that one
or else its just a false accusation

Posted by firehawk > 2021-12-28 16:03 | Report Abuse

Executive director Datuk Syed Nazim Syed Faisal, group CFO Azhan Azmi, and vice-president of accounts and finance Muhammad Hafiz Othman were each respectively charged under Section 369(a)(B), read together with Section 367(1) of the same Act.

Posted by Trader2 > 2021-12-28 16:03 | Report Abuse

Sure enough, conman's counter will be buried deep and proper. Pity those taken in by Kareem for a roller coaster ride and then ' dropped off ' at midair..

Posted by muhfiq > 2021-12-28 16:03 | Report Abuse

only the top management kena
so i think the company could be saved again
some informations above are manipulated
dont spread fake news

Posted by amirf1221 > 2021-12-28 16:04 | Report Abuse

what is confirmed yet?
we dont know nothing
only news but nothing is confirmed yet
wait till it is announced

Posted by thanos2020 > 2021-12-28 16:04 | Report Abuse

@ahot75, yes i understand that, then no retailers would know whether they sold off what remains or still holding on to some...since they need not disclose anymore what they do.

Posted by hijau belalang > 2021-12-28 16:05 | Report Abuse

still waiting for the official result from the company
the auditor and bursa
if from others then fake news
save the investors and shareholders

Posted by alenac > 2021-12-28 16:07 | Report Abuse

You can't help but laugh at Chef supporters. Top management already run away with cash so who is going to run the company?

Posted by muhfiq > Dec 28, 2021 4:03 PM | Report Abuse

only the top management kena
so i think the company could be saved again
some informations above are manipulated
dont spread fake news

Posted by SinGor > 2021-12-28 16:07 | Report Abuse

https://www.malaysiakini.com/news/604824

Once Directors are charged in Court..relisting / trading of SB is worst than Hiroshima Atomic Bom.
Better delist

Posted by i3lurker > 2021-12-28 16:09 | Report Abuse

///Meanwhile, the SC also relayed its intent to charge Serba Dinamik group managing director and chief executive officer Datuk Dr Mohd Abdul Karim Abdullah, whom the commission is currently trying to locate.

The SC has applied for a warrant of arrest for Abdul Karim//////

its BAU

=> but now BAU busuk

Posted by MiaoMiao7 > 2021-12-28 16:12 | Report Abuse

Many retail investor refuses to accept the fact that EPF and KWAP and PNB already sold everything. Demanding evidence. The evidence is past action by these fund, whenever there is something not right, they sell first and think later. Look at VS, when Andy Hall said might have worker problem, EPF immediately sold everything.

EPF has zero holdings, this is for sure, no need to argue about it.

And those that think EPF will lose alot because of this doesnt know Serba is a tiny tiny company in Bursa.

Posted by superrr > 2021-12-28 16:12 | Report Abuse

Fully agreed, I do think that EPF, KWP had sold out all their SD shares after that. EPF had commented that : no worth to invest at SD anymore....


ahot75 @thanos2020. No longer a major shareholder means it has below 5%. You never know whether epf continue to sell from july until oct. It needs not disclose anymore.

Posted by SinGor > 2021-12-28 16:14 | Report Abuse

Wrong move by Karim...Never, never Sue Bursa....Basically Karim just stir-up a Hornets nest.
Bursa got to response to a law suit and brought all its Asset against Karim

Posted by Superbull8798 > 2021-12-28 16:18 |

Post removed.Why?

Posted by Nikmon > 2021-12-28 16:20 | Report Abuse

i guess him karim and his management dont have choice, they just play 'delay' tactic with the help of court system.

bursar also dont have choice i guess, KPMG the the bom him and said thank you, than EY also called a meeting invite bursar, throw the bom to bursar again.....bursar like wtf.

SinGor Wrong move by Karim...Never, never Sue Bursa....Basically Karim just stir-up a Hornets nest.
Bursa got to response to a law suit and brought all its Asset against Karim

Posted by MiaoMiao7 > 2021-12-28 16:22 | Report Abuse

Many think bursa and sc took action because serba sue? Walao, sue or not, karim committed fraud, action will be taken regardless.

Posted by i3lurker > 2021-12-28 16:22 | Report Abuse

now the question is...where is Karim?

maybe pearlblack, dishonesty, mine worker, and both suepipi and conpipi knows something ?anything ?

Posted by Sslee > 2021-12-28 16:24 | Report Abuse

I3lurker is waiting to bid for Lady Ramunia at the auction sale.

Posted by MiaoMiao7 > 2021-12-28 16:26 | Report Abuse

Maybe pearlwhite is karim. Who knows, maybe karim is the creator of Serba Telegram group…

Posted by zoizai > 2021-12-28 16:26 |

Post removed.Why?

Posted by SinGor > 2021-12-28 16:28 | Report Abuse

90% of second board Co were mostly in trouble with Bursa previously....Why i had not heard
Bursa being Sued...90% of second board Co got off quietly....There are proven tactic to deal
with Bursa....paid Right person to Talk and Talk with Bursa ( ask for delay and delay and whole deal got forgotten )....You go Hard Ball with Bursa, you get Cannon Ball Back...I see Karim in Jail

Posted by stockraider > 2021-12-28 16:28 | Report Abuse

People say Ramunia is very Sui or bring bad luck whoever own it loh!

It is "tong chee tang" loh!


Posted by Sslee > Dec 28, 2021 4:24 PM | Report Abuse

I3lurker is waiting to bid for Lady Ramunia at the auction sale.

Posted by superrr > 2021-12-28 16:29 | Report Abuse

Might as well ask Mabel 60+, Where is karim ? Recently disappeared ......hahaha

Posted by zoizai > 2021-12-28 16:29 |

Post removed.Why?

Posted by AlsvinChangan > 2021-12-28 16:29 | Report Abuse

SD can take the Business As Usual path

Delisting SD will not affect SD business

SAHAM SD tak boleh jual beli jer

SD investors now private company shareholder less problems

private company lebih berbaloi

Posted by alenac > 2021-12-28 16:29 | Report Abuse

So KPMG was right after all. So many had attacked KPMG about the 1MDB fiasco and linked them with negligence over the audit just because they bought the shares and lose money. Looks like with the chef disappearance the civil case with KPMG probably be dropped.

Posted by superrr > 2021-12-28 16:30 | Report Abuse

What is Lady Ramunia ?? haha

Posted by AlsvinChangan > 2021-12-28 16:33 | Report Abuse

Lee Hean Kok KPMG PLT in charge of SD accounts may still need to attend Inquiry of audit conduct

Posted by Sslee > 2021-12-28 16:34 | Report Abuse

Sooner or later the external auditor still need to submit audited account and most likely SD is already a negative equity company.

Posted by alenac > 2021-12-28 16:38 | Report Abuse

Can resign and state reason difficult and uncooperative management and thus audit cannot be completed.

Posted by Sslee > Dec 28, 2021 4:34 PM | Report Abuse

Sooner or later the external auditor still need to submit audited account and most likely SD is already a negative equity company.

Posted by stockraider > 2021-12-28 16:38 | Report Abuse

Correctloh...General Raider is the 1st to attack...it is proven right loh!

Corporate Governance, integrity, morally right and honesty very important mah!



Posted by alenac > Dec 28, 2021 4:29 PM | Report Abuse

So KPMG was right after all. So many had attacked KPMG about the 1MDB fiasco and linked them with negligence over the audit just because they bought the shares and lose money. Looks like with the chef disappearance the civil case with KPMG probably be dropped.

Posted by i3lurker > 2021-12-28 16:38 | Report Abuse

ja ja ja

danke danke

sslee is now so thankful he bought Insas

:)


Posted by Sslee > Dec 28, 2021 4:34 PM | Report Abuse

Sooner or later the external auditor still need to submit audited account and most likely SD is already a negative equity company.

Posted by SinGor > 2021-12-28 16:40 | Report Abuse

Bursa is now holding the ACE card. I doubt things can Cool down. More and more SB funny
accounts will be exposed by Bursa.

Posted by Nate27 > 2021-12-28 16:42 | Report Abuse

https://www.theedgemarkets.com/article/cover-story-jinx-teluk-ramunia-yard

Posted by yingzhe17 > 2021-12-28 16:48 | Report Abuse

Good job SB and bursa. Catch the crooks.

Posted by TreeTopView > 2021-12-28 16:52 | Report Abuse

It is never advisable to challenge the authorities to take the lid off a can of worms.
Once the lid is off, all kinds of big and small nasties start to crawl out.

Perhaps this saga is about to get even more interesting than it already is.

Posted by armadatuah2017 > 2021-12-28 16:53 | Report Abuse

this shithole needs to provide explanation. SC doing good job??? they suspended the trading and causes other holders not able to cash out

Posted by armadatuah2017 > 2021-12-28 16:54 | Report Abuse

kpmg only last year red flagged?? all this while how do they verify the AR and bloody the accounting standards presented