1/26/2024 0 Comments Dato karim serba dinamikReview our cookie policy for more information. You may withdraw your consent to cookies at any time once you have entered the website through a link in the privacy policy, which you can find at the bottom of each page on the website. We have detected that Do Not Track/Global Privacy Control is enabled in your browser as a result, Marketing/Targeting cookies, which are set by third parties with whom we execute marketing campaigns and allow us to provide you with content relevant to you, are automatically disabled. , and Marketing/Targeting cookies, which are set by third parties with whom we execute marketing campaigns and allow us to provide you with content relevant to you. independent board members that made Datuk Seri Tengku Hasmuddin Othman. CEO and group managing director Datuk Dr Mohd Abdul Karim Abdullah (20.9), the company’s non-independent non-executive director Datuk Abdul Kadier Sahib (16.18), the Employees. remember settings), and Performance cookies to measure the website's performance and improve your experience. Under the leadership of Mohd Karim Abdullah Serba Dinamik was having a fairytale. CAN prospect of privatisation be looming in Serba Dinamik Holdings Bhd given that the patience of its major shareholders may be thinning having. In addition to cookies that are strictly necessary to operate this website, we use the following types of cookies to improve your experience and our services: Functional cookies to enhance your experience (e.g. Please refer to your advisors for specific advice. This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. For more information about our organization, please visit ey.com. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.ĮY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. Since then, it has fallen 98.76%.EY | Assurance | Consulting | Strategy and Transactions | TaxĮY is a global leader in assurance, consulting, strategy and transactions, and tax services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. The day before KPMG raised the red flags, the counter traded at RM1.61. Shares of Serba Dinamik ended half a sen or 20% lower at two sen on Tuesday, giving the group a market capitalisation of RM62.12 million. Its troubles continued after its refusal to comply with a bourse directive to release a factual findings update of the special independent review - conducted by Ernst & Young Consulting Sdn Bhd in regard to KPMG’s red flags - would result in the counter being suspended for seven months from October 2021 to May 2022. Serba Dinamik’s troubles began in May 2021, when its former external auditor KPMG flagged audit discrepancies in regard to the group’s financials. However, the charges against the accused were dropped in May this year, after they paid a total of RM16 million in compounds issued by the SC, following the Attorney General’s Chambers (AGC) decision to accept their representations. Abdullah started his career as a maintenance engineer specializing in. In late December last year, Mohd Abdul Karim, together with Serba Dinamik and three other executives were charged by the Securities Commission Malaysia (SC) for submitting a false statement involving revenue of RM6.01 billion for its financial period ended Dec 31, 2020. Mohd Abdul Karim Abdullah founded oil-and-gas engineering company Serba Dinamik in 1993. Three days prior, on Oct 17, the group managing director had disposed of another block of 50 million shares for the same price, according to a filing on Oct 20.īased on back-of-the-envelope calculations, this translates to RM1.5 million for offloading the 100 million shares. Mohd Abdul Karim on Oct 20 sold a block of 50 million Serba Dinamik shares for 1.5 sen per share, a filing on Tuesday (Oct 25) showed. KUALA LUMPUR (Oct 25): Serba Dinamik Holdings Bhd group managing director and chief executive officer Datuk Dr Mohd Abdul Karim Abdullah sold 100 million shares or a 2.7% stake in the oil and gas service provider last week for RM1.5 million.Īccording to bourse filings, Mohd Abdul Karim disposed of the 100 million shares via off-market transactions on Oct 17, as well as on Oct 20, bringing his shareholding in Serba Dinamik to 538.6 million shares or a 14.52% stake.
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