Even Brahim also have catering business with Mas also waiting to be delisted on 3 June.. Almost same case with SD have renewal contract from Petronas.. Petronas contract also cant cover the bond that it defaulted and expect creditors to borrow money again...
By the way Lord Buddha’s wisdom of pursuing the middle path is nothing to do with telling both side of story.
It is about: The Middle Way (Pali: Majjhimāpaṭipadā; Sanskrit: Madhyamāpratipada) as well as "teaching the Dharma by the middle" (majjhena dhammaṃ deseti) are common Buddhist terms used to refer to two major aspects of the Dhamma, that is, the teaching of the Buddha.[1][note 1]
The first phrasing (with "paṭipadā"), refers to a spiritual practice that steers clear of both extreme asceticism and sensual indulgence. This spiritual path is defined as the noble eightfold path that leads to awakening.
The second formulation refers to how the Buddha's Dharma (Teaching) approaches ontological issues of existence and personal identity by avoiding eternalism (or absolutism) and annihilationism (and nihilism)
Meow Meow Mabel Longkang lost panty still dancing Meow Meow Mabel can't claims promotion fess can't sing anymore Meow Meow epf all masuk longkang to SD can't sleep at night Mabel not more funds still trying to con ppl
Some of them kena fried until SD (Sudah Dungu). Posted by superrr > 29 minutes ago | Report Abuse Mabel has became a SD egg garam indeed.....hahaha might as well fry with your backside...
(June 1): Serba Dinamik Holdings Bhd said its unit defaulted on a dollar-denominated Islamic bond after failing to make payment due last month, citing Covid-related cash-flow constraints.
Serba Dinamik International Ltd defaulted on a sukuk with an outstanding principal of US$222.22 million that matured May 9, the firm said in a stock exchange filing, in which it referred to missed interest payment. It also defaulted on ringgit-denominated debt after missing payment on May 24, again citing the impact of Covid-19 on operating conditions.
The oil and gas services firm said it filed an application last month for a court-convened meeting of its creditors and is finalising a plan to address its financial concerns. The company’s 2022 note was indicated at 5.2 cents on the dollar Wednesday, after dropping 89% last year, according to data compiled by Bloomberg.
The development adds to ongoing woes for Serba Dinamik. Its troubles began in May 2021 when former auditor KPMG questioned its accounts, triggering the accounting firm’s resignation after Serba Dinamik filed a suit against it. In December S&P Global Ratings labelled it a defaulter on missed coupon payments.
Its shares dropped 71% in May, resuming trading following a suspension by Bursa Malaysia. The firm appointed Ernst & Young as an independent reviewer but has not released any results.
The Securities Commission of Malaysia has charged the company, its director and officers for submitting a false statement in relation to the reported revenue figure of RM6 billion for the quarter ended Dec 31, 2020.
Serba Dinamik’s board is aiming to return all the money owed to creditors under the debt restructuring plan. It has another dollar denominated sukuk due in March 2025 with outstanding amount of US$180 million, according to data compiled by Bloomberg. That note was indicated at 4.6 cents on the dollar Wednesday.
Axe Capital is a hedge fund owned by the billionaire Bobby Axelrod. By the end of Season 5, The company is now turned to Axe holding company, Axe asset management, Axe Bank and it owns Taylor Mason Capital. Now, Michael Prince has taken over the company, buying out Axe in a deal that would allow Bobby Axelrod to evade his legal woes.
Good morning, salvo after salvo of bad news for Serbak, default after default. But there are still bravely hearted looking for windows of opportunity. There are thousands of counters in KLSE where opportunities are even ready to reap without the corresponding risk as in Serbak. Goodluck.
Are any of you guys free to spend time going through Serbak bonds and lending documents to see what assets are secure and how much each creditor will get and how much is left after the distribution? The fact will disclose the actual valuation of the company and whether it is still a going concern? superrr Huge defaulted bonds payment, and so much fake news. What else to expect ?
Mikecyc Haha kon mabell is still dreaming of window 2 years ke !!! Within a year need to submit Regularisation Plan ... going to RI n Share Consolidation ke , as eg given earlier , price is worst than delisted price of 0.005 ... ie : 0.002 , 0.0036 .... 01/06/2022 2:37 PM
Mikecyc Haha if not ? it is worst as some one is Pretending to be some one whom is very rich ... kon mabell is blowing own very rich ... same same ke ??? 02/06/2022 9:12 AM
Haha that's what you said in Armada and FGV..
Armada OK aje
FGV OK aje..
Mana ada sama. Mabel already goyang kaki oledi while Boby77 Cap ayam still collecting money to buy Serba after loosing so much in Dnex and Hibis
You Ok ke Mouse?
Mabel TG today very active hahaha
Meow Meow Meow
Stock: [DNEX]: DAGANG NEXCHANGE BHD
Jun 1, 2022 11:06 PM | Report Abuse
#scjm carta dnex berlainan dari hibis...dnex and hibis masih correction but dnex is more bullish bias whilst hibis is bearish slanted 01/06/2022 11:40 AM
Haha feel sorry to those who are still holding Hibis. scjm is right, DNEX Chart is now looking good. It has made a reversal based on the bullish harmonic bat pattern at 0.910.
Based on TP, harmonic gives the price probability to go up to 1.070 (already hit), 1.170 and if lucky, the possibility can go to 1.590.
Time for DNEX to breakout from the current sideways state.
Huangbk72 So another management pack of lies that it is able to settle 100% of liabilities or it is a formality that they have to say so to avoid liquidation in court. In whichever direction Serbak is doomed. @alenac By virtue of winding up petition by banks.. it is 100% confirmed fact that SD debts is more than its real assets.
#superrr Mabel panty has become smell like salted fish due to sd going to drop below 0.10 on this week ...lately, 0.05...0.01...0.00 sayonana... 02/06/2022 9:40 AM
Haha Naughty Jack..
Mabel Blonde hair oledi turned white waiting for 0.05..
No fraudulent company in the world will admit they are lying..
Same modus operandi... deny all allegations till they cannot be denied anymore.
I prefer to trust the information shown in the Banks Winding up Petition.
Huangbk72 So another management pack of lies that it is able to settle 100% of liabilities or it is a formality that they have to say so to avoid liquidation in court. In whichever direction Serbak is doomed. @alenac By virtue of winding up petition by banks.. it is 100% confirmed fact that SD debts is more than its real assets.
But in seeking RO against creditors in court, they have to say that they are able to pay 100% in court, if not it may not be justifiable to avoid court order liquidation. Posted by Huangbk72 > 19 minutes ago | Report Abuse No fraudulent company in the world will admit they are lying..
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Mikecyc
45,579 posts
Posted by Mikecyc > 2022-06-01 13:38 |
Post removed.Why?