KUALA LUMPUR: Serba Dinamik Holdings Bhd (SDHB) has announced that the suspension of trading in the company's securities will continue until further notice.
In a filing with Bursa Malaysia today, it said the suspension was in a view that the company has not complied with Bursa Malaysia's directive to make an announcement on the findings from the Factual Findings Update on the Special Independent Review (SIR)
"Kindly be advised that the company has issued its outstanding annual report that includes the annual audited financial statements together with the auditors' and directors' reports for the financial period ended June 30, 2021 on Jan 6, 2022," it said.
On Oct 22, 2021, the exchange has issued a directive to SDHB in relation to a status update on the company's SIR.
According to Bursa Malaysia, the directive issued was for SDHB to make an announcement on the findings from the Factual Findings Update by Oct 26, 2021, and announce Bursa Malaysia's directive immediately.
"Bursa Malaysia notes that the findings from the Factual Findings Update as at Sept 30, 2021 on the SIR have been communicated to three out of four independent non-executive directors on Oct 21, 2021.
"In this regard, Bursa Malaysia notes that to date, SDHB has not announced the findings from the Factual Findings Update in accordance to Paragraph 9.03 of the Main Market Listing Requirements (MMLR)," it said.
On Nov 25, 2021, SDHB told the exchange that in view of the change of external auditor and the impact of the movement restrictions in Malaysia and overseas arising from the COVID-19 pandemic, the audit of the financial statements for the financial period ended June 30 (AFS 2021) was affected.
It said that the AFS 2021 could not be finalised in time for inclusion in the annual report for the financial period ended June 30, 2021 for issuance by Nov 30 via its letter dated Oct 25 (the first extension of time application).
Bursa Malaysia had rejected the company's application and subsequent appeal to postpone the submission of its FY2021 annual report from the initial deadline of Nov 30, 2021.
The company's market capitalisation currently stood at RM1.3 billion, with its shares last traded at 35 sen.
-- BERNAMA
Bernama
Mon Jan 10 2022
Serba Dinamik Holdings Bhd (SDHB) has announced that the suspension of trading in the company's securities will continue until further notice. - Astro AWANI
COP29 climate summit draft proposes rich countries pay $250 billion per year
The draft finance deal criticised by both developed and developing nations.
Bomb squad sent to London's Gatwick Airport after terminal evacuation
This was following the discovery of a suspected prohibited item in luggage.
Kelantan urges caution amidst northeast monsoon rains
Kelantan has reminded the public in the state to refrain from outdoor activities with the arrival of the Northeast Monsoon season.
Former New Zealand PM Jacinda Ardern receives UN leadership award
Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.
ICC'S arrest warrants for Netanyahu, Gallant an apt decision - PM
The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.
KTMB provides two additional ETS trains for Christmas, school holidays
KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.
BNM'S international reserves rise to USD118 bil as at Nov 15, 2024
Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.
Findings by dark energy researchers back Einstein's conception of gravity
The findings announced are part of a years-long study of the history of the cosmos focusing upon dark energy.
NRES responds to Rimbawatch press release on COP29
The Ministry of Natural Resources and Environmental Sustainability (NRES) wishes to offer the following clarifications to the issues raised.
Online Safety Bill and Anti-Cyberbullying Laws must carefully balance rights and protections
The Online Safety Advocacy Group (OSAG) stands united with people in Malaysia in the fight against serious online harms.
Malaysia's inflation at 1.9 pct in Oct 2024 - DOSM
Malaysia's inflation rate for October 2024 has increased to 1.9 per cent, up from 1.8 per cent in September this year.
Saudi Arabia showcases Vision 2030 goals at Airshow China 2024
For the first time, Saudi Arabia is participating in the China International Aviation & Aerospace Exhibition held recently in Zhuhai.
King Charles' coronation cost GBP 71mil, govt accounts show
The coronation of Britain's King Charles cost taxpayers GBP72 million (US$90 million), official accounts have revealed.
Couple and associate charged with trafficking 51.9 kg of meth
A married couple and a man were charged in the Magistrate's Court here today with trafficking 51.974 kilogrammes of Methamphetamine.
PDRM to consult AGC in completing Teoh Beng Hock investigation
The police may seek new testimony from existing witnesses for additional insights into the investigation of Teoh Beng Hock's death.
Thai court rejects petition over ex-PM Thaksin's political influence
Thailand's Constitutional Court rejects a petition seeking to stop Thaksin Shinawatra from interfering in the running the Pheu Thai party.
Abidin takes oath of office as Sungai Bakap assemblyman
The State Assemblyman for Sungai Bakap, Abidin Ismail, was sworn in today at the State Assembly building, Lebuh Light.
UPNM cadet officer charged with injuring junior, stomping on him with spike boots
A cadet officer at UPNM pleaded not guilty to a charge of injuring his junior by stomping on the victim's stomach with spike boots.
How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled
The indictment was unsealed on Nov. 20, prompting a $27 billion plunge in Adani Group companies' market value.
Elon Musk blasts Australia's planned ban on social media for children
Several countries have already vowed to curb social media use by children through legislation, but Australia's policy could become one of the most stringent.