Posted by Sneakpeek > 2021-12-31 12:10 | Report Abuse

Legal cost borne by SD courtesy investors...thank u for being loyal ..kah..kah

Posted by Santiago > 2021-12-31 12:12 | Report Abuse

SD is officially the shame of the year 2021... will be long remembered...

Posted by investor2021trading > 2021-12-31 12:23 | Report Abuse

Transmile is long gone n erased from bursa! only left were ppl who got burned with total lost n bad memories n anger to recall!

Posted by MamakKutty > 2021-12-31 12:26 | Report Abuse

once upon a time there's a SAAG

Posted by InsiderShark > 2021-12-31 12:37 | Report Abuse

PearlWhite and Mabel still waiting for AR... Nexia will not sign the AR.

Posted by honeycomb > 2021-12-31 12:40 | Report Abuse

https://www.freemalaysiatoday.com/category/highlight/2021/12/28/sc-obtains-arrest-warrant-against-serba-dinamik-ceo/

Posted by colin888 > 2021-12-31 12:41 | Report Abuse

How come no more words from supporters? Why Ah ! We Should trust Karam ! He says Business as usual!

Posted by 8dragon > 2021-12-31 12:44 | Report Abuse

Hope those in SD telegram group still intact and none of them has committed suicide....

Posted by RexKing > 2021-12-31 12:46 | Report Abuse

Yes believe Karim !!! Karim would't suffer and still can live in happy rich life while the supporters will suffer like hell.. Go believe and support Karim as he is your guys idol.. Long Live Karam!!

Posted by leno > 2021-12-31 12:48 | Report Abuse

The SC’s investigation into Serba Dinamik commenced in May this year, following a Section 320 CMSA report by KPMG to the SC.

Under the CMSA, auditors have a statutory obligation to promptly report to the SC if they believe that there are matters that may be a breach or non-compliance of any requirements of securities laws, stock exchange rules or any matter that could significantly affect the financial position of the listed company.

Posted by investor2021trading > 2021-12-31 12:49 | Report Abuse

in China's history, criminals should b paraded on d street n dealt with firing squad!

Posted by leno > 2021-12-31 12:50 | Report Abuse

got one promoter said it is against the law for kpmg to report any irregularities to independent directors and authorities ...

Posted by stockraider > 2021-12-31 12:51 | Report Abuse

That is nonsense loh!

Posted by leno > Dec 31, 2021 12:50 PM | Report Abuse

got one promoter said it is against the law for kpmg to report any irregularities to independent directors and authorities ...

Posted by leno > 2021-12-31 12:55 | Report Abuse

the promoter said
if kpmg did not report the fraud accounting to authorities
all these suspension, crook directors been charge in court would not have happen.
HAHAHAHAHAHAHAHAH !!

Posted by 8899EL8899 > 2021-12-31 13:04 | Report Abuse

leno, you should attend the coming meeting,......give a few big punches on karim & chairman face,......wake them up,........

Posted by MiaoMiao7 > 2021-12-31 13:07 | Report Abuse

What the promoter wish for is to cover up the crime, hoping things can go back to what it was and leave the bag of shit to others… problem is, insider has been covering it up for years and the promoters are on the receiving end holding that bag of shit they wished soneone else was holding

Posted by Lucifer999 > 2021-12-31 13:10 | Report Abuse

where's he now? what's the latest news?

Posted by colin888 > 2021-12-31 13:13 | Report Abuse

Should charge that I’ll Parker alias fxxker as well. Shoplot chairman

Posted by leno > 2021-12-31 13:13 | Report Abuse

another promoter blame it on the media
he said if the media did not report that kpmg report to authorities
than the bankers, and bond holder would not have known about the fraud.

HAHAHAHAHAHAH

Posted by Up_again > 2021-12-31 13:13 | Report Abuse

In a statement yesterday, Serba Dinamik said lawyer Muhammad Shafee Abdullah, who represents the company’s managing director and group CEO Mohd Abdul Karim Abdullah, had never mentioned any collaboration with Petronas, and that he had been misquoted.

Posted by Up_again > 2021-12-31 13:14 | Report Abuse

Hahahah, Shafee lagi

Posted by colin888 > 2021-12-31 13:18 | Report Abuse

Same status / statement Shafee did on 1MDB .

Posted by joyvest > 2021-12-31 13:18 | Report Abuse

That fella said not to argue and or provoke ...WTH

Are our statements and comments provocative here? Basically,none. No twist and or distortion of facts and truth is intended but merely emphasis of facts and truth and awareness of foul play by the gangs perpetrating financial shenanigans

Posted by leno > 2021-12-31 13:24 | Report Abuse

Sebak already DEFAULTED RM 2 BILLION BONDS
Now must pay RM 2 BILLION ringgit.

WHEN must start paying the RM 2 BILLION ringgit ?
The answer is 3 Weeks AGO.

Posted by looiting > 2021-12-31 13:41 | Report Abuse

Kesian those shareholders and bondholders. I'm wondering who are the bondholders

Posted by alenac > 2021-12-31 13:44 | Report Abuse

While Chef and his goons use the resources of Serbak to fight their court case and busy promoting Malaysia. Sounds and looks like Chef is a second Jibby. The difference is that he is yet to be convicted.

leno Sebak already DEFAULTED RM 2 BILLION BONDS
Now must pay RM 2 BILLION ringgit.

WHEN must start paying the RM 2 BILLION ringgit ?
The answer is 3 Weeks AGO.
31/12/2021 1:24 PM

Posted by superrr > 2021-12-31 13:58 | Report Abuse

Business as usual, suspended as usual, Bond defaulted as usual, Sue cases as usual, Delisted as usual, Kabodoh May go to jail as usual and normalization...

colin888 How come no more words from supporters? Why Ah ! We Should trust Karam ! He says Business as usual!

Posted by Wirajati > 2021-12-31 14:02 | Report Abuse

Promoters sop right now:

1. Got questions? Go to Agm!!! ( yeah, like hell u are getting one)
2. Kpmg should just keep quiet, collect $$$$ and everything is ok ( yeah, right, ekeke)
3. Jus wait. Wait what?
4. K will solve it all. ( you mean paying all debts, clean the books, get AR ready?)
5. All here are just comments to bring down a successful 14 q profits company ( remember transmile?)
6. These people are heartless promoters. Sudah lemas want to drag others, since many months ago. Now many people got trapped. Really scumbag.

Posted by tc2012 > 2021-12-31 14:04 | Report Abuse

anyone know which are the banks that have substantial loans to serbadk ?

Posted by paulthesotong > 2021-12-31 14:04 | Report Abuse

Their Sukur Bonds are listed In Singapore Exchange (SGX)..Can the Singapore Authorities come to our shore to investigate bcos of forgery?

Posted by shybutter > 2021-12-31 14:28 | Report Abuse

WITH 1,001 questions looming regarding its immediate future, 2022 is likely to be unkind to Serba Dinamik Holdings Bhd with its forthcoming annual general meeting (AGM) already expected to be a boisterous affair for a start.

As the curtains close a turbulent year that has wiped out a big chunk of its market capitalisation, the global integrated oil & gas (O&G) service provider is seeking its shareholders’ approval for renewal of their mandate for recurrent related party transactions (RPT) of a revenue or trading nature.

Amid the on-going court cases initiated by the Securities Commission (SC) on the company and its top brass, the approval will be sought during its forthcoming AGM which it did not indicate in its Bursa Malaysia filing yesterday (Dec 30).

The seeking of the mandate could be linked to the brouhaha emanating from Serba Dinamik’s involvement in a RM7.7 bil project with little-known Block 7 Investment LLC which it has vehemently denied as having any RPT nature.

To re-cap, questions have been raised about the mega contract which was secured by Serba Dinamik’s wholly-owned subsidiary Serba Dinamik Investment Ltd (SDIL) in April 2020.

This is because SDIL also owns a stake in Block 7 through a company called EFIRE Capital Holdings Ltd where Serba Dinamik group managing director/CEO and largest shareholder Datuk Dr Mohd Abdul Karim Abdullah also serves as a vice chairman.

Aside from the RPT matter, Serba Dinamik has also proposed to seek its shareholders’ approval during its forthcoming AGM for:

Renewal of shareholders’ mandate for share buyback by the company;
Proposed renewal of authority to issue and allot shares pursuant to Sections 75 and 76 of the Companies Act 2016; and
Proposed alteration of the constitution by replacing it with a new constitution.
“The circular and statement setting out the details of the above proposals will be dispatched to the shareholders of the company in due course,” the company added.

Serba Dinamik was last transacted at 35 sen at the close of the mid-day trading on Oct 22 prior to the trading suspension of its shares/warrants, hence giving the company a market capitalisation of RM1.3 bil. – Dec 31, 2021

Posted by shybutter > 2021-12-31 14:30 | Report Abuse

a good sign for the year 2022 for SD and fellow investors, have a happy new year. last day of the week

Posted by InvestorKING > 2021-12-31 14:31 | Report Abuse

Actually that's my first time seeing suspects being charged without giving any statements for investigation (don't talk about the detainment for few days for investigation, But just straight rampas documents and charged the suspects). Even 1mdb najib and rosmah also being called by police for statements before being charged to court.

If really want to make a Drama, better make sure the drama looks real, many loopholes there.

Posted by Gerrardo > 2021-12-31 14:35 | Report Abuse

lets read the news for today, have a good day

Amid the on-going court cases initiated by the Securities Commission (SC) on the company and its top brass, the approval will be sought during its forthcoming AGM which it did not indicate in its Bursa Malaysia filing yesterday (Dec 30).

Posted by Gerrardo > 2021-12-31 14:36 | Report Abuse

lets wait for the final news this year. we will wait for next year's situation of this SD

Posted by 8dragon > 2021-12-31 14:38 | Report Abuse

Die hard followers of SD should go to Dubai for holidays at the same time can visit the Block 7 projects ...

Posted by joyvest > 2021-12-31 14:38 | Report Abuse

SD is one of the main sponsors to the " Dubai Expo 2021" . WTH

Using swindled money to sponsor the show , the organizing authority of Expo should reject the sponsorship of SD outright to avoid controversy and association with them like Petronas..........

The appearance of SD as a sponsor to the Expo will compromise the image of Malaysia cos SD as a listed company is a disgrace to Malaysia

Posted by Beautyseeker > 2021-12-31 14:39 | Report Abuse

reconstructure for good, for the future of serba and investors here. lets get it, have fun guys

Posted by Beautyseeker > 2021-12-31 14:40 | Report Abuse

yessir
wait here at dubai

Posted by 8dragon > Dec 31, 2021 2:38 PM | Report Abuse

Die hard followers of SD should go to Dubai for holidays at the same time can visit the Block 7 projects ...

Posted by TryMakeGoodBuy > 2021-12-31 14:43 | Report Abuse

What a fairy tale article by Pearl White aka Ms Pucat.

PW always tell you this completed and that completed. But actually not is completed except in her imagination.
Let me dispute the so call facts of her article.
SC did not do take 1.5 months to finalise charge. Investigation by SC commenced in May 2020.
EY was not able to complete investigation as SD has not been cooperative. SD was Not cooperating as PW claimed.
Indeed EY has to go to SC for documentation.
SC would have done their due diligence and have enough proof before making their charges. Do you think SC is like SD making charges here and there.
PW claimed the media caused SD downfall. Did it?
SD refusal to disclosure SIR and AR and not pay coupon caused it. SDS did not clarify any point but instead just sued everyone. The media reported facts and not speculation.

SD is lost making. Who want to take over and be white knight. Especially with the mountain of debts. Who in the business want to run a company with such reputation.
Sorry to say this, all investment is lost.

After all the fibs by promoters, it really take a delusional person to continue believing there will be a turnaround.

Posted by dianatrader > 2021-12-31 14:43 | Report Abuse

are there any articles by EY
or maybe statement
because SD is with them right
trying to get good things with them

Posted by dianatrader > 2021-12-31 14:44 | Report Abuse

lets look forward to the next year's situation of SD
and maybe SC if it is affected
dont know what will happen
cannot expect yet

Posted by alieyasmart > 2021-12-31 14:48 | Report Abuse

did you guys had a good lunch today?
we need to struggle before day end
lets trade more
or maybe take out
for new years spending

Posted by alieyasmart > 2021-12-31 14:48 | Report Abuse

so it is paid already?
settle?

Posted by leno > Dec 31, 2021 1:24 PM | Report Abuse

Sebak already DEFAULTED RM 2 BILLION BONDS
Now must pay RM 2 BILLION ringgit.

WHEN must start paying the RM 2 BILLION ringgit ?
The answer is 3 Weeks AGO.

Posted by TryMakeGoodBuy > 2021-12-31 14:50 | Report Abuse

some of you still waiting for AR to come out???
SC is already charging SD for fraudulent accounting!
The auditor need to be a street food seller to sign off.
Not even shoplot or hawker stall standard!!!

AGM to pass buy back of share ? pay your coupon then talk.
AR to be tabled???

Posted by wolfbroker > 2021-12-31 14:54 | Report Abuse

lets read this points

Aside from the RPT matter, Serba Dinamik has also proposed to seek its shareholders’ approval during its forthcoming AGM for:

- Renewal of shareholders’ mandate for share buyback by the company;
- Proposed renewal of authority to issue and allot shares pursuant to Sections 75 and 76 of the Companies Act 2016; and
- Proposed alteration of the constitution by replacing it with a new constitution.

Posted by wolfbroker > 2021-12-31 14:55 | Report Abuse

sd is the top funder for dubai expo?
is it like for a revenue
what does it do for us as investors?

Posted by hanna20 > 2021-12-31 14:58 | Report Abuse

things has come to an end now
since its end year
so lets wait for the really final result
what will happen next year
we will wait

Posted by hanna20 > 2021-12-31 14:59 | Report Abuse

SD is reconstructuring
at least they did something for good
and for the best for investors and shareholders

Posted by risingstar21 > 2021-12-31 15:04 | Report Abuse

well some may be delusional
they are trying to do a better development
just dont take the negative stuff
and be optimist