Serba Dinamik
Serba Dinamik Holdings Bhd SDHB said it will not be able to issue its Annual Report 2021 for the financial period ended June 30 2021 by the due date on Nov 30 2021 as granted by. SERBA Dinamik Holdings Bhd has been fighting many battles on many fronts over the past month after its former external auditor KPMG flagged what it alleged to be more than RM454 billion in questionable transactions.
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. Serba Dinamik has come under the spotlight after external audit firm KPMG Ltd in May flagged more than RM454 billion in questionable transactions. In a statement last Friday Nov 12 SP said it also lowered the long-term issue rating on the companys guaranteed sukuks to CC from CCC. Trading of shares of the group have been suspended since Oct 22.
Serba Dinamik has since filed suit against KPMG Bursa Securities and EY that was contracted to conduct SIR on the issues flagged by KPMG. We would like to show you a description here but the site wont allow us. The rating agency said the negative outlook.
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Serba Dinamik together with our affiliate companies have created a regional network of EPCC customers. SERBA Dinamik Holdings Bhd shares will remain suspended until further notice if the company fails to file its annual report by tomorrow. Currently Serba Dinamiks securities including all warrants have been suspended by Bursa Malaysia for almost seven weeks.
The summons under Section 360 of the Capital Markets and Services Act 2007 is to order Serba Dinamik to make an immediate public announcement of the factual findings update on the special. The suspension which began on Oct 22 was made following the failure. Serba Dinamik Holdings Bhd plans to.
KUALA LUMPUR Nov 15. Serba Dinamik said it had on Dec 9 2021 triggered the prescribed criteria as set out in Paragraph 804 and Paragraph 21f of Practice Note 17. It said this was in.
In a filing to Bursa Malaysia yesterday the oil and gas engineering group stated that Bursa. To cater for the growing energy market locally and globally we are expanding our range of services and products in EPCC through the acquisition of 15 equity in Green Smart Holdings PLC. Bursa Securities had on November 23 filed an Originating Summons in the High Court at Kuala Lumpur against Serba Dinamik under Sections 3601ci andor ii J andor K andor M 3601.
Serba Dinamik Holdings Bhd chairman Datuk Illyas Pakeer Mohamed and independent non-executive director INED Johan Mohamed Ishak have stepped down from the companys board with immediate effect. KUALA LUMPUR Nov 25 Serba Dinamik Holdings Bhd SDHB said it will not be able to issue its Annual Report 2021 for the financial period ended June 30 2021 by the due date on November 30 2021 as granted by Bursa Malaysia Securities Bhd for the first extension of time EOT. At a press conference last Tuesday Serba Dinamiks legal adviser Tan Sri Muhammad Shafee Abdullah after questioning KPMGs processes said.
Serba Dinamik filed the originating summons and injunction application on Nov 3 and 5 repectively naming Bursa Malaysia and EY as the sole defendants. Serba Dinamik Holdings Bhd says a communications satellite will help the group provide internet connectivity to unserved and underserved areas. SP Global Ratings has lowered its long-term issuer credit rating on Serba Dinamik Holdings Bhd to CC from CCC with a negative outlook.
Geographically Serba Dinamik said the Middle East region was the largest contributor to the revenue providing RM5592 million or 700 per cent of total revenue for Q1 FY2022 followed by the Southeast Asia region which accounted for RM2311 million or 289 per cent of the total revenue.
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