Serba

Bursa Malaysia Securities Bhd has publicly reprimanded Serba Dinamik Holdings Bhd and 10 of its directors and also imposed fines ranging from RM355,200 to RM1.38 million.

On Tuesday, the High Court allowed a petition by six financial institutions to wind up Serba Dinamik.

The High Court today allowed a petition filed by six financial institutions to wind up Serba Dinamik Holdings Berhad and its three subsidiaries.

The AGC has found that criminal proceedings against SDHB, its two directors and two senior officers would not be in the public's interest due to the potential economic consequences.

Serba Dinamik, two of its directors and two senior executive officers were acquitted and discharged by four Sessions Courts today from charges of submitting false statements to Bursa Malaysia.

The Securities Commission Malaysia (SC) has lodged a police report against Serba Dinamik with regards to the latter's announcement made on April 21.

The SC has imposed a maximum compound of RM3 million each against Serba Dinamik Holdings Bhd, its CEO, executive director and two officers for submitting a false financial statement.

Serba Dinamik Holdings Bhd is optimistic of getting back on track in the next two years, with some operations showing positive year-on-year improvement.

Serba Dinamik Holdings Bhd (SDHB) has announced that the suspension of trading in the company's securities will continue until further notice.

Group CEO of Serba Dinamik, Datuk Dr Mohd Abdul Karim Abdullah was charged at the Sessions Court today with submitting a false statement to Bursa Malaysia last February.

Serba Dinamik Holdings Berhad as well as its director and two senior officers pleaded not guilty in two separate Sessions Courts.

Serba Dinamik Holdings Bhd (SDHB) has filed an originating summons against Bursa Malaysia for acting in excess of power, including its action on Oct 22 to suspend trading of the company's shares.

The directors resigned due to a difference of opinion on the company's legal action against its former external auditor, KPMG PLT.

Malaysian oil and gas service provider Serba Dinamik Holdings Bhd must appoint an independent reviewer to address issues.

Following Serba Dinamik's listing in February 2017, its founders have now been inducted in Top 40 Richest Malaysians list.

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