Posted by bojed > 2022-01-06 21:50 | Report Abuse

So whose fault was it if the AR is fishy? Nexia? SD?

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

InvestorKING This AR content is really fishy, top 30 shareholder is different from this

https://www.bursamarketplace.com/mkt/themarket/stock/SERB/ownership
06/01/2022 9:12 PM

Posted by bobvic96 > 2022-01-06 21:52 | Report Abuse

Shoplot Auditor 1, Hawker's Stall BoD 0

Posted by alenac > 2022-01-06 21:53 | Report Abuse

Yes, for the first time Serbak Annual Directors' 30/06/2021 financial statements and reports where the external auditors do not want to be associated with it.

Posted by joyvest > Jan 6, 2022 9:49 PM | Report Abuse

No use.

This is not an Audited Report but Annual Report where no audit opinion is given.

It spells out very clearly that directors are responsible for the preparation of annual report..

Posted by InvestorKING > 2022-01-06 21:54 | Report Abuse

Of course is SD, because AR prepared by SD, only financial statements audited by nexia only

SD internal sharks Want you all to throw all your cheap cheap tickets to them.



bojed So whose fault was it if the AR is fishy? Nexia? SD?

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

InvestorKING This AR content is really fishy, top 30 shareholder is different from this

https://www.bursamarketplace.com/mkt/themarket/stock/SERB/ownership
06/01/2022 9:12 PM
06/01/2022 9:50 PM

Posted by bobvic96 > 2022-01-06 21:56 | Report Abuse

bobvic96 Shoplot Auditor 1, Hawker's Stall BoD 0

Should really be:

Shoplot Auditor 100%, Hawker's Stall BoD -125%

Posted by zoizai > 2022-01-06 21:57 | Report Abuse

Lift suspension. Let the market decide the value

Posted by InsiderShark > 2022-01-06 21:58 | Report Abuse

@InvestorKING

You still cannot accept the fact that EPF has left. That BursaMarketPlace list is not up to date. Serba Annual Report already says EPF left, why argue?

I repeat, Bursa Market Place's list is not up to date.

Posted by alenac > 2022-01-06 22:00 | Report Abuse

King just won't listen to commoners.

Posted by InsiderShark > Jan 6, 2022 9:58 PM | Report Abuse

@InvestorKING

You still cannot accept the fact that EPF has left. That BursaMarketPlace list is not up to date. Serba Annual Report already says EPF left, why argue?

I repeat, Bursa Market Place's list is not up to date.

Posted by BobAxelrod > 2022-01-06 22:02 |

Post removed.Why?

Posted by BobAxelrod > 2022-01-06 22:04 | Report Abuse

Tomorrow please stay tuned to next episode........The Court Hearing

Posted by alenac > 2022-01-06 22:05 | Report Abuse

Based on the top 30 shareholders, all private funds left except for government-owned bodies.

Posted by Sneakpeek > 2022-01-06 22:05 | Report Abuse

Nexia get paid or not?

Posted by BobAxelrod > 2022-01-06 22:08 | Report Abuse

Who dared to use Nexia's name in AR without paying? Even though it's "mentioned as a Disclaimer"....money already in bank.

Posted by alenac > 2022-01-06 22:08 | Report Abuse

If Nexia did not ask for advance payments before commencing work, they are in for a ride.

Posted by Sneakpeek > Jan 6, 2022 10:05 PM | Report Abuse

Nexia get paid or not?

Posted by joyvest > 2022-01-06 22:09 | Report Abuse

WTH

Nexia dare not issue Audited report with audit opinion. They don't want to be implicated in the tussle but issue an unaudited financial stafdments which include directors reports where BOD is solely responsible for the true and fair view of the FS

Posted by BobAxelrod > 2022-01-06 22:09 |

Post removed.Why?

Posted by BobAxelrod > 2022-01-06 22:10 |

Post removed.Why?

Posted by Panorama1 > 2022-01-06 22:15 | Report Abuse

When in a hole, stop digging.
From possible Stalemate to Checkmated.
Endgame.

Posted by Nikmon > 2022-01-06 22:19 | Report Abuse

what this stupood idoot, this stupoood didn't accept EPF had sold all the ticket, now this stupood idoot can't accept the account is not audited by external auditor. can just ignore this kind of idoot la....really no brain investor....what is in his brain.....

InvestorKING quoted After roughly vett through the audited financial statement which audited by Nexia, the latest net asset per share is 0.7967, still not too far away from 1.04

Posted by superrr > 2022-01-06 22:22 | Report Abuse

Woo BOD is a new Auditor ...good lah...haha

Posted by BobAxelrod > 2022-01-06 22:24 |

Post removed.Why?

Posted by cheeseburger > 2022-01-06 22:28 | Report Abuse

PN17

Posted by Nikmon > 2022-01-06 22:29 | Report Abuse

look at the so called AR without external auditor approval, than what are you expecting? it is obvious that the suspend won't be lifted, but delisted is around the corner... what is the point make up the story to comfort other idoot unless if you pay by benefit party like SD. not making any sense at all. those who stuck better vote down all the agenda...can't help since only idoot or punter still holding this share.

Posted by superrr > 2022-01-06 22:30 | Report Abuse

Better ask Mabel 60+ nenek sign the AR, so able to sell all his/her SD shares to safe his/her only KASIHAN EPF pension...

Posted by bojed > 2022-01-06 22:30 | Report Abuse

You're a lost cause. Good riddance.

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

InvestorKING Of course is SD, because AR prepared by SD, only financial statements audited by nexia only

SD internal sharks Want you all to throw all your cheap cheap tickets to them.



bojed So whose fault was it if the AR is fishy? Nexia? SD?

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

InvestorKING This AR content is really fishy, top 30 shareholder is different from this

https://www.bursamarketplace.com/mkt/themarket/stock/SERB/ownership
06/01/2022 9:12 PM
06/01/2022 9:50 PM
06/01/2022 9:54 PM

Posted by Wirajati > 2022-01-06 22:31 | Report Abuse

Promoters want to have kfc meal, kesian...with hope they could unload to other unsuspecting bilis. Bilis pun dah makin pandai...ekeke...

_________
Nikmon
what this stupood idoot, this stupoood didn't accept EPF had sold all the ticket, now this stupood idoot can't accept the account is not audited by external auditor. can just ignore this kind of idoot la....really no brain investor....what is in his brain.....

Posted by alenac > 2022-01-06 22:33 | Report Abuse

This is what the management of Serbak initially wants from KPMG ie give Serbak a clean opinion or just accept Serbak cooked books. Since KPMG can't do that Nexia will do it without an opinion. Objectives achieved but with criminal charges by SC on top management for book-cooking. A good lesson on how not to hang yourself.

Posted by superrr > Jan 6, 2022 10:22 PM | Report Abuse

Woo BOD is a new Auditor ...good lah...haha

Posted by superrr > 2022-01-06 22:36 | Report Abuse

Of course will own it for a long time and lose the A/C book later..


alenac If Nexia did not ask for advance payments before commencing work, they are in for a ride.

Posted by Sneakpeek > Jan 6, 2022 10:05 PM | Report Abuse

Nexia get paid or not?

Posted by megat36 > 2022-01-06 22:36 | Report Abuse

game over...

Posted by TryMakeGoodBuy > 2022-01-06 22:37 | Report Abuse

Whatever Ms Pucat aka Pearl White tells you also no use.
SD is a goner.

PW is now making excuse like a person from TR, that it is everyone fault except SD. Previously PW has been telling everyone all is fine in SD.
So delusional. Think TR will also not accept her.
Mabel titanic has sunk into the deepest depth of Mariana Trench.

Posted by shareinvestor888 > 2022-01-06 22:39 | Report Abuse

Fully Agree @TMGB

Posted by Vicky > 2022-01-06 22:40 | Report Abuse

https://www.dagangnews.com/serba-dinamik-berjaya-umum-audit-kewangan-diklasifikasi-pn17-11976

Posted by Vicky > 2022-01-06 22:40 | Report Abuse

Finally PN17. the story continues

Posted by superrr > 2022-01-06 22:42 | Report Abuse

Now lari kuat kuat pun tidak boleh lol....haha

Posted by joyvest > 2022-01-06 22:43 | Report Abuse

Simpleton

No audited report(AR), no lifting of suspension by SC. Its as simple as that....

Conclusion is suspension continues. Ladylike and gangs are disappointed and shorties are cursing like hell......too bad....

Posted by alenac > 2022-01-06 22:45 | Report Abuse

Eventually, you know Kacang Putih is just an investor caught big time with Serbak or even 2 other companies shares. Has no insider information whatsoever in Serbak's management. Concocting stories about management intention with lies and untruths.

Posted by TryMakeGoodBuy > Jan 6, 2022 10:37 PM | Report Abuse

Whatever Ms Pucat aka Pearl White tells you also no use.
SD is a goner.

PW is now making excuse like a person from TR, that it is everyone fault except SD. Previously PW has been telling everyone all is fine in SD.
So delusional. Think TR will also not accept her.
Mabel titanic has sunk into the deepest depth of Mariana Trench.

Posted by PSAi3alert > 2022-01-06 22:49 | Report Abuse

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=213441&name=EA_DS_ATTACHMENTS

Page 4 of the AR (?) contained the following quote by a deranged leader:

"Painful and tedious as it seems, rest assured that we are not going to lie face down to admit defeat. History has proven that turbulence times do bring the best out of people - the way Japan rose from the ashes of the Hiroshima and Nagasaki atomic bombing to be a developed economy in such a short time span has inspired us to emulate such feat." - Mohd Abdul Karim Bin Abdullah

From the invasion of China in 1937 till the end of World War 2, the number of deaths which resulted from Japanese war crimes range from 3 to 14 million through massacre, human experimentation, starvation, and forced labor that was either directly perpetrated or condoned by the Japanese military and government.

How can those times be described as 'turbulence time do bring the best out of people'?!

If you want to learn from history, learn to be a responsible leader.

Be like Korechika Anami or Mitsuru Ushijima.


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

Korechika Anami (阿南 惟幾, Anami Korechika, 21 February 1887 – 15 August 1945) was a general in the Imperial Japanese Army during World War II who was War Minister during the surrender of Japan.

On 14 August, Anami signed the surrender document with the rest of the cabinet and committed seppuku early the next morning. His suicide note read, "I—with my death—humbly apologize [to the Emperor] for the great crime" (一死以て大罪を謝し奉る).


Mitsuru Ushijima (牛島 満, Ushijima Mitsuru, 31 July 1887 – 22 June 1945[1]) was a Japanese general who served during the Second Sino-Japanese War and World War II. He was the commanding general of the 32nd Army, which fought in the Battle of Okinawa during the final stages of the war. Ushijima's troops were defeated, and at the end of the battle he committed suicide.


Kuniaki Koiso (小磯 國昭, Koiso Kuniaki, 22 March 1880 – 3 November 1950) was a Japanese general in the Imperial Japanese Army, Governor-General of Korea and Prime Minister of Japan from 1944 to 1945.

After Japan's defeat in World War II, he was convicted of war crimes and sentenced to life imprisonment.

.

Posted by bnmacai > 2022-01-06 22:50 | Report Abuse

Alamak. Banyak orang red eye SD jadi PN17. Nanti limit up jangan mata merah yee

Posted by alenac > 2022-01-06 22:55 | Report Abuse

What has book cooking got to do with the 2nd world war? Or for that matter SC charges for falsifying accounts?

PSAi3alert https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id...

Page 4 of the AR (?) contained the following quote by a deranged leader:

"Painful and tedious as it seems, rest assured that we are not going to lie face down to admit defeat. History has proven that turbulence times do bring the best out of people - the way Japan rose from the ashes of the Hiroshima and Nagasaki atomic bombing to be a developed economy in such a short time span has inspired us to emulate such feat." - Mohd Abdul Karim Bin Abdullah

Posted by PSAi3alert > 2022-01-06 22:57 | Report Abuse

A BRILLIANT JAPANESE STUDENT IN AN AMERICAN CLASSROOM - adapted

It was the first day of school and a new student named Hideo, the son of a Japanese businessman, entered the fourth grade. The teacher said, "Let's begin by reviewing some American history."

Who said "Give me Liberty, or give me Death?" She saw a sea of blank faces, except for Hideo, who had his hand up.

"Patrick Henry, 1775." he said.

"Very good! Who said 'Government of the people, by the people, for the people, shall not perish from the earth'"? Again, no response except from Hideo:

"Abraham Lincoln, 1863.", said Hideo

The teacher snapped at the class, "Class, you should be ashamed. Hideo, who is new to our country, knows more about its history than you do."

She heard a loud whisper: "F-k the Japanese."

"Who said that?" she demanded.

Hideo put his hand up. "Lee Iacocca, 1982."

At that point, a student in the back said, "I'm gonna puke."

The teacher glares and asks "All right! Now, who said that?"

Again, Hideo says, "George Bush, to the Japanese Prime Minister, 1991."

Furious, another student yells, "Oh yeah? Suck this!"

Hideo jumps out of his chair waving his hand and shouts to the teacher, "Bill Clinton, to Monica Lewinsky, 1997!"

Now, with almost a mob hysteria, someone said, "You little sh1t, if you ever say anymore stoopid things again, you will be sent to Tanjung Rambutan."

Hideo yells at the top of his voice, "Every sane person to pearlblack - delisting of Serba Dinamik, 2022."

.

Posted by Bon888 > 2022-01-06 23:29 | Report Abuse

Already in PN17.

Posted by Hop333 > 2022-01-06 23:35 | Report Abuse

I called a few god today, they said will come over and save serba... no worries guys!

1 of them is choi sun

Posted by joyvest > 2022-01-06 23:38 | Report Abuse

Yer,the disclaimer of opinion has triggered PN17 whether the diehards still deny or not. That's the fact...

Restructuring is imminent and unavoidable now. shareholders can no longer sleep like a baby now...

Posted by Bon888 > 2022-01-06 23:40 | Report Abuse

Choi sun no power to help, not only financial problem. Need to get jade emperor`s help

Posted by PSAi3alert > 2022-01-06 23:43 | Report Abuse

The 'disclaimer of opinion' seems to be a misnomer.

Since Nexia has 'undertaken the audit procedures necessary', they ought to be able to form an opinion.

If there is no unicorn, just say that your opinion is that 'there is no unicorn', and disclaim on that opinion.

Now it's an awkward situation of 'cannot state opinion', 'shy to say opinion', 'we hardly know each other to say the word - opinion', ...


-----

As statutory auditors, we have undertaken the audit procedures necessary to enable us to conclude on the appropriateness of, inter alia, the Group’s recognition of revenue, purchases, receivables, payables and inventories for the 18-month period up to 30 June 2021. These procedures have been impeded by time limitations and occurrence of additional significant events impacting the completion of our audit.

Other considerations were that in view of the timing of our appointment, we were not in a position to observe the counting of physical inventories at the end of the period. Alternative means to verify the inventory quantities held at 30 June 2021 is still pending. Additionally, there are significant matters which we require that are outstanding at the date of our report and we have not been able to compile sufficient appropriate audit evidence to provide a basis for our audit opinion.

...

The aforementioned actions have constrained our completion of the audit. Under these onerous circumstances and potential interaction of the above uncertainties and their possible cumulative effects on the financial statements, we are unable to express an opinion.

.

Posted by Bon888 > 2022-01-06 23:53 | Report Abuse

Reference price after market open for trading can refer to companies like Scomi, TH Heavy, Barakah, Sumatec.

Posted by joyvest > 2022-01-06 23:57 | Report Abuse

Basically,the uncertainties surrounding the company are so great that Nexia is unable to express an audit opinion,which could be interpreted as the purported transactions remain fishy and unverifiable even though there is no time constraint for them....

Posted by Raiz368 > 2022-01-07 00:10 | Report Abuse

SD will join grp of stock below 10 cent soon....

Posted by PSAi3alert > 2022-01-07 00:15 | Report Abuse

My undisclaimed opinion:

--->>> HR is reporting real headcount numbers and breakdown by country, which they should not have done so

--->> Number of employees outside of ASEAN is way too low in relation to the revenue in those countries

--->>> Average salary of RM5,600 per month will be what a hardworking Bangla will get with overtime, probably half or a quarter of the pay of a qualified O&G engineer

--->>> EPF rate is below statutory rate of 12%

--->>> There is no evidence of expenses for travel, lodging, hardship allowances that commensurate with the reported revenues in those overseas countries


p.s. Why did you guys publish the IR2021- Part 1.pdf, IR2021- Part 2.pdf, IR2021- Part 3.pdf documents in such blurry resolution?


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

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=213443&name=EA_DS_ATTACHMENTS

Page 111
Wages, salaries and others: 226.356M
Contributions to state planes: 6.904M
EPF as percent of wages, salaries: 3.05%
Impairment of trade and other receivables: 394.998M
Inventories written down: 552.592M


https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=213442&name=EA_DS_ATTACHMENTS

Page 14

Total employees : 2,244
Wages, salaries and others per employee per month: RM5,600 ( RM226.356M / 2244 / 18 months)

Malaysia 1750
Indonesia 412
UK 19
Bahrain 17
Turkmenistan 14
Laos 4
UAE 5?
Tanzania 5
Uzebekistan 1

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

Quarterly report for the quarter ended Dec 31, 2020.


Malaysia _______ 1,887.125M, employees 1,750
Petronas Chemical Ammonia, Petronas Methanol (Labuan) Sdn Bhd, Petronas Carigali, Petronas Gas

Indonesia _______ 162.249M, employees 412
- PT Pilar Bahtera Energi

Laos ___________ 6.311M, employees 4
- Nam Taep 1,2,3 Hydropower Co Ltd

Turkmenistan ____ 99.080M, employees 14
- Turkmengas

India ___________ 42.914M, employee 0
- Captiv Techno Solutions Private Limited
- Analog and Digital Labs India Private Limited

Uzbekistan ______ 16.010M, employees 1
- Hazarasp Chlor Alkali LLC FC

Sri Lanka ___________ 12.786M, employee 0

Bahrain ________ 430.234M, employees 17
- Lata International Trading and Services
- Regno International Trading & Services W.L.L

UAE ___________ 1,228.873M, employees 5
- New Thunder Technical Services
- Block 7
- Future Digital Data Systems LLC
- Sum Tech

Qatar __________ 1,543.077M, employee 0
- Process Dynamics
- Pavilion Qatar Engineering Co. W. L.L
- Halul Offshore Services Company WLL

Oman __________ 251.545M, employee 0
- Revenue International LLC

Saudi __________ 205.599M, employee 0
- Midad Industrial Services

Kuwait __________ 65.560M, employee 0
- Al-Meer Technical Services Co

Tanzania _______ 52.677M, employees 5
- Sufini Holdings Ltd

United Kingdom _______ 10.035M, employees 19


Total 6,014.075M, employees 2,244

.

Posted by joyvest > 2022-01-07 00:20 | Report Abuse

Consolation and not congratulation.

The only consolation to SD now is that it is not an " adverse opinion " but "disclaimer of opinion."

Had KPMG continued with the audit ,KPMG would have given an "adverse opinion" which is worse than " disclaimer of opinion ".

In fact,Nexia has been very kind to SD whereby SD still has the chance to prove the veracity of the purportedly fake transactions in court...