Get the latest Serba Dinamik Holdings Bhd SERBADK real-time quote historical performance charts and other financial information to help you make more informed trading and investment decisions. KUALA LUMPUR Nov 12.
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Serba Dinamik provides its engineering services solutions for OG production platforms crude OG refineries petrochemical manufacturing plants Liquefied Natural Gas plants Power Production Plants and Water Utilities Plants.
Serba Dinamik. Fitch has also downgraded the ratings on the senior unsecured sukuk due May 2022 and March 2025 to C. Serba Dinamik also reiterated that it had not changed its operations in a material way aside from how the company took on new customers across a few countries in FY20. The directive to appoint an auditor to conduct a special independent audit on its financial accounts pursuant to paragraphs 223 and 224 of the Main Market Listing Requirements MMLR.
Fitch Ratings has downgraded Malaysia-based energy-service provider Serba Dinamik Holdings Berhads SDHB Long-Term Issuer Default Rating to C from CCC-. 1 day agoSerba Dinamik which is seeking restitution and damages from EY Consulting from the lawsuit has also applied for an interim injunction to block. Fitch Ratings - Singapore - 12 Nov 2021.
10 hours agoSerba Dinamik had filed an OS at the Kuala Lumpur High Court against Bursa Malaysia on Nov 3 and against EY Consulting on Nov 5. Serba Dinamik is a Malaysian group of companies in Global Integrated Engineering Services providing total solutions to broad industries including Oil Gas Power Water Petrochemical and Steel. The company also offers system integratorpackager operation and maintenance trading training and information technology services.
Serba Dinamik recently found itself in hot water amidst a tussle with its auditor KPMG over certain financial inconsistencies While far from confirmed my own cursory research aligns with KPMGs allegations that financial shenanigans potentially exist in their books. The coupon payment for the 3-year. Serba Dinamik which is embroiled in an audit dispute with its former external auditor KPMG recorded a RM1492 million net profit for the groups sixth quarter ended June 30 2021 Q6FY21 which was 8684 lower than the RM11332 million profit reported for the immediate preceding quarter.
We are looking for suitable candidates to fill the positions in our new projects. At end-February 2017 just after its IPO it announced a net profit of RM15615 million from RM139 billion in revenue for its financial year ended December 2016 FY2016. It serves customers worldwide.
Serba Dinamik has also denied that its directors had been given a factual findings. Serba Dinamik Sdn Bhd provides integrated engineering contracting and maintenance services. Serba Dinamik has performed fantastically well since its initial public offering in February 2017.
The companys shares have been suspended since Oct 22 on the grounds that it failed to reveal material information in relation to the update on the Special Independent Review SIR undertaken by Ernst Young Consulting Sdn Bhd EY. Of course as part of our audit procedures KPMG will always ask questions with regard to. OIL and gas outfit Serba Dinamik Holdings Bhd and regulator Bursa Malaysia Bhd are in a standoff.
Established in 1993 Serba Dinamik through its subsidiaries is an international energy services group providing integrated engineering solutions to the Oil Gas petrochemical power generation industries water wastewater and utilities. Serba Dinamik Holdings Bhd which recently missed the coupon payment for one of its US300 million sukuk said it has no intention to default and is committed to fulfil the payment before the grace period endsIn a statement Serba Dinamik said that the coupon payment due was approximately US7 million RM2915 million. 16 hours agoFitch Downgrades Serba Dinamik to C.
Serba Dinamik provides its engineering services solutions for OG production platforms crude OG refineries petrochemical manufacturing plants Liquefied Natural Gas plants Power Production Plants and Water Utilities Plants. Serba Dinamik argues that the stock exchange is acting in excess of power in relation to. And procurement construction and commissioning services.
Legend Serba Dinamik Holdings Bhd whose securities have been suspended from trading by Bursa Malaysia as it failed to provide timely update on the findings of the special audit said Bursa has allowed it to postpone the submission to Nov 30 from Oct 31. On Friday Serba Dinamik said KPMG raised issues over more than 35 billion ringgit 847 million of contracts and transactions that the auditor had not been able to verify with 11 customers. Serba Dinamik further shared that its terms of engagement with EY have provided that no work products will be distributed to any parties including the regulators before andor after the status update.
Serba Dinamik CEO Mohd Abdul Karim Abdullah said the disposal of warrants was purely a business decision as the company has a full order book and many plans for the future. 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. Shares of Serba Dinamik.
1 day agoSerba Dinamik said it had on Nov 5 filed an originating summons against EY Consulting which was appointed in July to undertake a special independent review at. The group was last traded at 35 sen prior to its suspension on Oct 22 translating into a market capitalisation of RM13 billion.
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