Lin Kum News Today

KUALA LUMPUR (Sept 15): The High Court (commercial division) had on Thursday (Sept 15) struck out a stay application by Serba Dinamik Holdings Bhd (SDHB) and three of its subsidiaries to temporarily stop the appointment of Victor Saw of PwC Malaysia as an interim liquidator.

The Kuala Lumpur High Court has appointed an interim liquidator to take control of Serba Dinamik Holdings Bhd and three of its subsidiaries after the troubled oil and gas company breached a Consent Order that requires it to start repaying a syndicated loan owed to six banks.

The High Court on Wednesday fixed June 8 to hear the application by creditors and financial institutions to appoint an interim liquidator for beleaguered Serba Dinamik Holdings Bhd and its subsidiaries and also for the company's application to cross-examine the winding-up petitions filed late last month.

A representation for Serba Dinamik Holdings Bhd, its chief executive officer (CEO) Datuk Mohd Abdul Karim Abdullah and its other top executive officers has been conditionally accepted by the Attorney-General’s Chambers (AGC), the Sessions Courts were told.

The High Court here on Thursday (March 3) ruled that no more creditors are allowed to intervene in four Serba Dinamik Holdings Bhd-related companies' interim judicial management court hearing because the matter regarding the appointment of a judicial manager or interim judicial manager would have to be decided quickly.

KUALA LUMPUR, Feb 14 — The High Court here today rejected Serba Dinamik Holdings Bhd’s (SDHB) application for a stay of the court’s ruling for the company to make a public announcement on the Factual Findings Update (FFU) by audit firm Ernst & Young Consulting Sdn Bhd (E&Y), appointed...

High Court dismisses injunction application by Serba Dinamik to stop release of fact-finding update

Serba Dinamik Holdings Bhd has sought to recuse the judge in its lawsuit against Bursa Malaysia Securities Bhd on the appointment of E&Y Consulting Sdn Bhd to undertake a special independent review on the company.

PUTRAJAYA (Feb 26): The Federal Court today dismissed an appeal by Apex Equity Holdings Bhd and its unit JF Apex Securities Bhd, over the locus standi (legal standing) of its minority shareholders on their opposition to the merger with Mercury Securities Sdn Bhd. This follows Federal Court judge Datuk Vernon Ong Lam Kiat dismissing their appeal for leave to pose several questions of law to the apex court regarding Section 360 of the Capital Markets and Services Act on the powers of court to mak...