Posted by Vicky > 2023-01-06 21:08 | Report Abuse

Serba endgame is near. Thank you for your support.

Posted by zoizai > 2023-01-07 00:03 | Report Abuse

Admin please close this forum

Posted by paulthesotong > 2023-01-07 07:54 | Report Abuse

Believe Yourself..

Your wish shall be granted..

Posted by paulthesotong > 2023-01-07 13:00 | Report Abuse

Fool.

Posted by paulthesotong > 2023-01-07 13:11 | Report Abuse

Folks....To refresh our memory...
https://www.theedgemarkets.com/article/court-company-must-be-delisted-once-windingup-order-made

Posted by paulthesotong > 2023-01-07 13:43 | Report Abuse

The end is near..

Very very near...

Posted by superrr > 2023-01-07 16:18 | Report Abuse

Please close the counter and forum....It is useless...

Posted by nicholas99 > 2023-01-10 09:20 | Report Abuse

miao still here? karim karam already.

Posted by zoizai > 2023-01-10 09:26 |

Post removed.Why?

Posted by anaktimurlaut > 2023-01-10 14:58 | Report Abuse

https://www.theedgemarkets.com/node/651171

Posted by nicholas99 > 2023-01-10 15:13 | Report Abuse

High Court allows the winding up of Serba Dinamik, three subsidiaries

Posted by nicholas99 > 2023-01-10 15:14 | Report Abuse

Gong Xi Fatt Choi

Posted by bojed > 2023-01-10 15:17 | Report Abuse

"KUALA LUMPUR (Jan 10): The High Court on Tuesday (Jan 10) allowed the petition made by six financial institutions to wind up Serba Dinamik Holdings Bhd and its three companies, namely Serba Dinamik International Ltd (SDIL), Serba Dinamik Sdn Bhd and Serba Dinamik Group Bhd."

https://www.theedgemarkets.com/node/651171

Shoplot company.

Posted by BursaTornado > 2023-01-10 16:12 | Report Abuse

Winding up already. How to resume trading?

Posted by paulthesotong > 2023-01-10 16:35 | Report Abuse

The board of dictators must all resign..

Posted by Calvin882 > 2023-01-10 16:53 | Report Abuse

Bad corporate governance. The management is not working for the interest of shareholders.

Posted by zoizai > 2023-01-10 17:05 | Report Abuse

Called the company headquarters phone number , not in service. Where to find karim ?

Posted by bzeew > 2023-01-10 17:08 | Report Abuse

scam

Posted by zoizai > 2023-01-10 17:18 | Report Abuse

I have money want to invest Serbadk. Can I know where to find Serbadk management ? I call the number , not in service

Posted by WinBigOrLoseAll > 2023-01-10 17:26 | Report Abuse

this company can't be saved anymore, luckily bosses smart already offloading huge shares to bili like miao miao. later got fund to setup a brand new company with brand new name, and hope the loyal supporter like miao can continue give the full support to the new company. bosses say terima kasih besar-besar atas sumbangan anda, see you next time

Posted by paulthesotong > 2023-01-10 17:44 | Report Abuse

The largest insolvency case of all time.


https://www.theedgemarkets.com/node/651171

Posted by Sslee > 2023-01-10 17:49 | Report Abuse

Largest insolvency court case present
Benjamin, who was also objecting to the adjournment, also informed the court the case involving Serba Dinamik is the largest insolvency case in the courts given the debt of RM5 billion.

He said putting the case into context, this is a case of a group of companies which has the largest debt owing in the insolvency court, and it does not have a credible restructuring plan.

“It owes RM1.7 billion to the syndicated lenders, it owes another US$500 million to the sukuk lenders, RM250 million to Hong Leong Islamic, and to my client another RM70 million.

“This is close to RM5 billion, and there is no proper restructuring plan. There is a propensity as in the past for the Serba Dinamik group of companies to come out with bare allegations, with no credible evidence to support,” he said.

There is no evidence to support the value of their assets, or the buyers of their assets, Benjamin said, adding that this is the situation the creditors had to deal with in the past year.

He added that in the judicial management application, the group said that it is eager to pay the creditors, but nothing came out of that, with the group failing to pay the creditors on Aug 31 and at the end of last year.

Lee Shih on behalf of the interim liquidator said that Serba Dinamik and the respondents had not filed the statement of affairs, and that they had also failed to disclose where the assets are. In addition, the directors — some of whom are in SDIL — also refused to divulge details.

Posted by SinGor > 2023-01-10 18:05 | Report Abuse

Beyond comprehension, how to arrive at 5 billion Debt? SerB is a small O&G Co compare to Sapnrg ( owe 10bil )
but Sap is the largest in the world or somewhat in between.

Posted by Sneakpeek > 2023-01-10 18:32 | Report Abuse

Kah..kah..karam says thank you for your support..

Posted by SinGor > 2023-01-10 18:45 | Report Abuse

The Question now are Asset in Books are Real or Not. If Not, Karim better building a new Room beside Najib
in Kajang Prison

Posted by zoizai > 2023-01-10 18:50 |

Post removed.Why?

Posted by ken2004 > 2023-01-10 18:53 | Report Abuse

Ok no need wait 6 months to be delisted, now already gone case..........

Posted by Huangbk72 > 2023-01-10 18:59 |

Post removed.Why?

Posted by Vicky > 2023-01-10 19:01 | Report Abuse

Serba ends with disgrace Karim & management. Banks & other borrowers will be like sculptures devouring the remaining assets. Shameless management no need to resign but direct termination. Poor remaining investors will get the dead certificates as remembrance of their mistakes !

Posted by cn21 > 2023-01-10 19:08 | Report Abuse

a petition filed by Standard Chartered Saadiq Bhd, HSBC Amanah Malaysia Bhd, AmBank Islamic Bhd, MIDF Amanah Investment Bank Bhd, United Overseas Bank (Malaysia) Bhd, and Bank Islam Malaysia Bhd, and granted an order to wind up the four companies, which are in debt to the tune of some RM5 billion.

Posted by cn21 > 2023-01-10 19:10 | Report Abuse

If not mistaken AMBank was involved in 1MDB and now SD..............

Posted by Vicky > 2023-01-10 19:12 | Report Abuse

https://www.theedgemarkets.com/node/649884

Posted by Vicky > 2023-01-10 19:13 | Report Abuse

With Serba Dinamik’s stock now suspended and trading at one sen, it is likely that the company will soon be off the radar and forgotten, but it leaves behind a dangerous precedent.

Posted by telurgoreng > 2023-01-10 19:27 | Report Abuse

Anybody here with friends in big 4 can tell you inside news. The whole idea of Serba was to cheat and siphon money from banks. This is a collaboration between the BoD and some Umno politician. No idea why Mabel keep talking rubbish. This Serba news is old news. We've already known since last year when they were asking the auditors on certain thing regarding the legality of the method of cheating money from the banks to the tune of 5 billion. This is not a hidden news among big 4 people.... Mabel still dreaming that Serba will rise again in 2024?

Posted by ken2004 > 2023-01-10 19:35 | Report Abuse

Ok all the 1c betting to anyone even holding to total losssssss

Posted by zoizai > 2023-01-10 19:45 | Report Abuse

Money siphoned to Middle East account Liao la

Posted by paulthesotong > 2023-01-10 19:53 | Report Abuse

Where is SC?

Posted by BursaVulture > 2023-01-10 20:10 | Report Abuse

investorking, i thought u cut loss long time ago, dont tell me you go buy more? liquidation is worse than delist. liqudation means you as a shareholder dont even get to keep the toilet paper used by karim to wipe his butt. shareholders now have 0 value in serba... last time long ago you have a shareholder certificate paper to frame it on the wall, now with digital you got nothing....

Posted by DickyMe > 2023-01-10 20:12 | Report Abuse

Court ordered to close shop!

Posted by Sneakpeek > 2023-01-10 20:26 | Report Abuse

Bank loans got collateral or not

Posted by BobAxelrod33 > 2023-01-10 21:05 | Report Abuse

WITHOUT PERJUDICE

Someone mention ...The End..?? Is it truly the end or just the beginning of life threatening ending???? The story is far, far from over........

In passing Summary Judgement and the salient points expressly mentioned, one could not but observed that there were certainly CRIMINAL and FOUL plays right from INTENTIONS and execution into scams. As such, the Winding up Petition was ALLOWED beyond DOUBTS.

If there were manipulations, intentions and cooking of most devious plans, would that not surmounting to CHEATING of the 1st Degree???? Suiyee Auditor has loosen his grasp on the Audit trails which could easily have exposed the plans and the evaporated UNACCOUNTABLE funds that amounting to hundreds of millions if not Billions????

Malaysia now has been made a 2nd National Embarrassment headline and on world financial spotlights FOR ALL THE WRONG REASONS!!! Foreign Direct Investments would take a look at the Pariah loose rules of Engagement in financial and stocks wars for profits and shake their heads in disgust!! Imagine the RM3 million FINES (per pax) for a PLC which could if and under forensic auditing finds humongous amount of funds missing????

Not only has the minorities shareholders of Serba but the ENTIRE investing citizens of Malaysia had been shortchanged by this shameful case. The investing Malaysians have been INDIRECTLY harmed, damaged by the lack of Integrity, Transparency, Trustworthiness and Professionalism, and not only in this counter, but generally on BURSA Malaysia as a whole from the view points of every foreign Funds. That is perhaps why KLCI is unable to sustain 1500. Volume is uninteresting and buying is unseen.

As an investing Malaysian, the TRUTH to the debacle MUST be truly and fully exposed and the culprit/s be made to face Capital Punishment by bullet in head or in lieu 500 years prison (5 lifetime confinement without chance of Parole) THE DAMAGE DONE BY THEM TO THIS COUNTRY IS BEYOND REPAIR and the punishment meted must deter others from following.

PS : above opinion is personal and WITHOUT PERJUDICE.

Posted by speakup > 2023-01-10 21:12 | Report Abuse

https://www.theedgemarkets.com/node/651171

Posted by BobAxelrod33 > 2023-01-10 21:21 | Report Abuse

Looks like Speak_up needs to Speak out much louder............point to the issues where The Edge left unspoken.

Posted by curiousq > 2023-01-10 21:21 | Report Abuse

OOMG!! nothing left

Posted by superrr > 2023-01-10 21:29 | Report Abuse

This counter already gone pig slaughterhouse lol....

Posted by Wahhhso > 2023-01-10 21:56 | Report Abuse

If bought serbadk warrant, then the money invested all gone?

Posted by Wahhhso > 2023-01-10 21:56 | Report Abuse

The warrant not even mature

Posted by Wahhhso > 2023-01-10 21:57 | Report Abuse

So, what can say is all the investor money all gone right?

Posted by BobAxelrod33 > 2023-01-10 22:10 |

Post removed.Why?

Posted by Huangbk72 > 2023-01-10 22:28 |

Post removed.Why?