KUALA LUMPUR (June 10): Serba Dinamik Holdings Bhd s co-founder Datuk Awang Daud Awang Putera has disposed of 8.5 million shares in the group, which has been in the limelight since May 25 over some audit issues.
The oil and gas service provider‘s bourse filing showed that Awang Daud, who is also the group s non-independent non-executive director, sold the shares in the open market yesterday, reducing his stake to 1.8% from 2.24%.
Serba Dinamik shares closed at 62.5 sen apiece yesterday. A back-of-the-envelope calculation shows the block of shares sold for RM5.31 million.
Besides Awang Daud, the Employees Provident Fund (EPF) has also disposed of Serba Dinamik shares in the open market.
KUALA LUMPUR (June 3): Serba Dinamik Holdings Bhd’s independent non-executive directors have expressed concern about the audit matters surrounding the oil and gas services group. In a statement posted on the group's website, the directors said the management, along with the board have taken initiatives to restore the situation including by appointing an independent firm "to assess the veracity and accuracy of the matters raised by the external auditors, independently and objectively, without the element of interference from any party, and to report results of the assessment to the established independent committee".
PETALING JAYA: Serba Dinamik Holdings Bhd’s independent non-executive directors have expressed concerns about the current situation relating to the audit issues flagged by the external auditor.
Shares of Serba Dinamik Holdings Bhd touched a fresh record low today, extending the week’s losses after a short-lived rebound this morning. It was the day's second most active counter on Bursa Malaysia, with a volume of 425.4 million shares or eight times its two-month average.
Serba Dinamik Holdings Bhd’s second-largest shareholder Datuk Abdul Kadier Sahib has continued to accumulate shares in the company. In a bourse filing, the group announced that Abdul Kadier, who is also the non-independent non-executive director, today bought an additional three million shares in the open market.