Next court is on 8 December 2021, not 11

Pearl white, actually I still don't understand why are you here? Because when you were at bumi armada, when price range around 0.15 to 0.20, that time you kept giving negative feedback about bumi Armada by saying Armada not able to settle all his debts. But price of armada surged from 0.20 to 0.50+

But now you are here SD, even though you never talked bad about SD, but you got give some seducing points to seduce shorties to short here,what's your intentions here actually?

Oh okay, tq pearlwhite for the information.

Pearlwhite,unless you say PNB acquire shares now from 4.34% to 6.2% la

Quickly lift the suspension lo, then both taikoon cold eye Mr Fong and KYY are ready to in. I will join also, mabel too?

Straightarrow, Not really, KYY after buy already then only he will write to the blog one, before buying, he sure won't write any la.

For KYY, he acquired dayang when the price was around 0.50, then thenpriCe surged to 2.5+++ to almost 3.0, but he still didn't sell any, and still holding it even when the price dropped to 1.00+++

https://koonyewyin.com/2020/03/10/dayang-forced-selling-is-killing-shareholders/

Evidence:

https://www.bursamarketplace.com/mkt/themarket/stock/BUAB/ownership

Either or both of them are standing By to invest to buy cheap tickets from SD.

Last time in Bumi Armada, I told the forummers that Fong siling will buy, but nobody believed, but now he is the top 10 shareholder of bumi Armada.

Since either or both of them aiming this stock, it means this company is still very worth to buy despite those negative news. They are waiting for the suspension to be lifted then only will rush in at this current price

Good news to real investors who still holding the SD tickets, it is believed that Fong siling and/or KYY will buy this counter. My friend who closed to them, was told by them that they are ready for it.

Either one of them can easily buy 30m value worth of shares.

Btw, don't think warren buffet will buy this stock, only local players are going in

Yes solomolo, you are very smart here, same thinking with me


solomolo Here is the story...EY issued a bad SIR...The SC investigation did not see anything wrong with the audit...what will happen to EY and KPMG?...willing to pay millions...hehe
17/11/2021 1:16 PM

With the below statements made by theedge, it's funny to say that it must be the directive from shorties to this writer to state all these statements


We say this to Serba Dinamik: If the information contained in the EY Consulting review is not “material”, meaning it is not significant, why don’t you just release them to prove that you are right and that KPMG, EY Consulting and Bursa are wrong? Wouldn’t it be very satisfying to show that you have nothing to hide?

To Bursa, we say this: If Serba Dinamik refuses to release the information, the exchange should lift the suspension in the trading of Serba Dinamik shares and warrants to let the market be the judge of what it thinks about this fiasco.

Serba Dinamik Bhd’s standoff with market regulators and two major accounting firms over its delayed financial statements is becoming a joke. But it is definitely not funny.

To recap, the problem surfaced after its long-time external auditor KPMG highlighted discrepancies involving transactions worth some RM4.54 billion in the company's FY 2020 accounts to independent directors in May.

On the directive of Bursa Malaysia, the frontline regulator, Serba Dinamik appointed Ernst & Young Consulting Sdn Bhd (EY Consulting) to do a review of the work done by KPMG, which Serba Dinamik disputed, alleging that the audit firm had blown things out of proportion.

The company then sprang a surprise by filing a suit against KPMG, which then had to resign as the external auditor.

In the meantime, the shares of Serba Dinamik have plunged substantially, as institutional investors like Employee Provident Fund and Kumpulan Wang Persaraan (Diperbadankan) (KWAP) showed how they felt.

The market – the minority shareholders of Serba Dinamik, its bankers, the investing public and its bondholders – has been hoping that the review done by EY Consulting will shed light on whether KPMG or the oil & gas construction firm is right.

Instead, Serba Dinamik has also challenged the review done by EY Consulting and defied the directive of Bursa to make the findings public. The company said its independent directors (newly appointed after the previous ones resigned amidst the problem) did not agree that there was anything material to release.

It went one step further by also suing EY Consulting and Bursa to stop any disclosure of the review done by EY Consulting to anyone.

All these legal actions are nothing more than moves to distract from the core issue and delay the necessary action that has to be taken.

We say this to Serba Dinamik: If the information contained in the EY Consulting review is not “material”, meaning it is not significant, why don’t you just release them to prove that you are right and that KPMG, EY Consulting and Bursa are wrong? Wouldn’t it be very satisfying to show that you have nothing to hide?

To Bursa, we say this: If Serba Dinamik refuses to release the information, the exchange should lift the suspension in the trading of Serba Dinamik shares and warrants to let the market be the judge of what it thinks about this fiasco.

Fong siling is one of the top 10 shareholders for Bumi Armada, while KYY is substantial shareholder for Dayang. Both bumi and dayang are oil and gas counter also

https://www.bursamarketplace.com/mkt/themarket/stock/BUAB/ownership

Mabel,I was told that Fong siling and KYY also quite interested to buy this counter also, not sure they have bought any or not, because my friend is good friend to them

Haha, this forum, every few Minutes one negative post by different different forummers

All so hardworking to do it for? So kind hearted to get retailers to sell their cheap cheap tickets for you?

We don't need limit up but gradually UP as we still want to collect more cheap cheap tickets, if really limit up, totally No chance to buy cheap tickets liao

https://www.e-serbadk.com/serba-dinamiks-order-book-at-rm18-5b-looking-ahead-to-exciting-2021/

Three years ago, so High price

https://www.e-serbadk.com/good-earnings-visibility-seen-for-serba-dinamiks-order-book-until-2021/

Mememe, they Are all standing By to brainwash all these ignorant retailers to sell off their cheap tickets to them

Honestly, KPMGG suspected the contract got issue which is around rm4.54billion, then share plunged from 1.6 to 0.32, few times limit down already (from 1.61 first limit down to 1.13, then second limit down from 1.13 to 0.795, then all the way to 0.32, then rebounded back to 0.50+).

If we use tHis rm4.54billion as a basis, then with 3.272billion shares, 4.54/3.272=1.22

1.61-1.22=0.39

This 0.39 is the price that based on the assumption that the accounting got issue of rm 4.54billion. so current price is actually quite attractive already.

However, if the new auditor can confirm that the accounting has no issue of rm 4.54 billion, then what do you think?

https://www.klsescreener.com/v2/news/view/859735

（吉隆坡27日讯）小股东监督机构（MSWG）指出，世霸动力（SERBADK，5279，主要板能源）在7月底迎来新的外部审计师后，接下来的挑战是确保在10月的最后期限前交付最新财报。



世霸动力周一（26日）向马证交所报备，董事局将委任Nexia SSY为该公司的外部审计师，以填补毕马威会计事务所留下的空缺，并将审计该公司截至6月底的财务帐目。

Nexia SSY是总部位于英国伦敦的独立会计和谘询公司尼克夏（Nexia International）旗下独立成员公司。根据2021年国际会计公报调查，尼克夏目前是全球第8大会计师事务所，业务遍及128个国家。

小股东监督机构总执行长迪瓦尼山对于世霸动力可在最后期限前委任外部审计师感到高兴，并认为，公司和审计师现在应该努力在10月31日的最后期限前发布经审计的财务报表。

“尽管Nexia SSY的知名度可能不及4大会计师事务所，但该行已注册在审计监督委员会（AOB）下，该委员会旨在促进高质量的独立审计，以提高对公共利益实体的审计财务报表质量的信心。”

他认为，Nexia SSY应该可以与其他公司一样完成这项工作。

“他们毕竟都是大马会计师协会（MIA）的成员，该协会在接受注册之前会做一些尽职调查，随后才会颁发执照。”

毕马威因与世霸动力陷入审计纠纷，于6月23日辞去外部审计师一职。

Agreed with honesty, everyday early morning till late midnight, all repetitive negative comments by all these "kind hearted" forumers, showing that they are really tooooo kind hearted to get us to sell our shares to them

Wayang wayang wayang

SD: Busarrr has abused its power to direct SD to appoint EY consulting to do SIR, and whereas EY is not even a AOD member also. EY is busarr appointed auditor, while the SD appointed EY affiliate (means EY consulting) is lack of independent fairness, which EY consulting can report to busarr directly

Busarr lawyer: Busarr denied that it NEVER directed SD to engage EY also, media also stated it's SD appointed EY by themselves

EY: We just done our duty and obligations only, as we were appointed by SD board of directors with the directive from busarr

Wayang wayang wayang

SD: Busarrr has abused its power to direct SD to appoint EY consulting to do SIR, and whereas EY is not even a AOD member also. EY is busarr appointed auditor, while the SD appointed EY affiliate (means EY consulting) is lack of independent fairness, which EY consulting can report to busarr directly

Busarr lawyer: Busarr never said and NEVER directed SD to engage EY also, media also stated it's SD appointed EY by themselves

EY: We just done our duty and obligations only, as we were appointed by SD board of directors with the directive from busarr

Crystal clear, EY consulting Is an accounting firm, but NOT auditing firm, and EY consulting not even registered with Audit Oversight Board as listed companies qualified auditors

https://www.google.com/search?q=ernst+and+young+consulting+sdn+bhd+is+audit+firm&client=ms-android-xiaomi-rvo3&sxsrf=AOaemvJxE8u7Fr4ktI8rPVbXIeuaK0Z1eQ%3A1636791289341&ei=-XOPYdCQFJndz7sPzZWByA0&oq=ernst+and+young+consulting+sdn+bhd+is+aud&gs_lcp=ChNtb2JpbGUtZ3dzLXdpei1zZXJwEAEYAzIFCCEQoAEyBQghEKABMgUIIRCgATIFCCEQoAEyBQghEKABOgQIABBHOgYIABAWEB46CAghEBYQHRAeUIE2WNFSYKZnaAFwAXgAgAH3AogByg2SAQcwLjMuNC4xmAEAoAEByAEIwAEB&sclient=mobile-gws-wiz-serp

Ya Mabel, me also very very itchy to really ALL IN again below 0.35

Mabel,I also think the same with you, once suspension is lifted (which I guess is around 29 or 30 November), mostly got shorties keep shorting, and some weak holders panic sell (maybe not much, but shorties will be very much), then price might drop to 0.30 to 0.33 range, then only rebound

Big sharks still collecting more cheap tickets now

Absolutely agreed with you honesty, maybe they are shorties, their shares being fully collected and absorbed by invisible investor.

Or else they are the sharks promoters,to encourage you all to sell cheap cheap tickets to them

Honesty I bet if you browsed through the comment history, the nay sayers is posting every hour even late at night and early morning. That is just pure desperation and pressure building. Wakaka
Why do they put themselve under such pressure?? Just for a few bucks ??
Poor Thing~~
13/11/2021 11:38 AM

Pearl white, I have vet through your past postings, your these two statements not really consistent, PNB shares at 4 October is 4.34%, then at 5 October, suddenly become 6.2%???? But now I check your bursa link, it's still only 4.34% only

ǷearlꙌhite

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Oct 5, 2021 3:37 PM | Report Abuse

.
A Statement of Action from the Supporters of CEO Karim and Serba Dinamik Berhad.

We have been aware and would officially state that we will deny and prevent the hostile takeover of Serba Dinamik Berhad through guerilla tactics.

We the mutual and institutional funds and retail investors in support of CEO Karim and Serba Dinamik Berhad would ensure that the current Board and Management and great team at Serba Dinamik Berhad would continue in the foreseeable future.

We will maintain more than 2/3 of overall share support for CEO Karim and Serba Dinamik Berhad.

Thank you.

==========================

Just a recap of the shareholding persons/entities in SD updated @ COB 4/10/2021

Name % Shareholdings

Mohd Abdul Karim bin Abdullah 21.2
Abdul Kadier bin Sahib 16.18
Unknown Shareholder 1 * 8.80
Unknown Shareholder 2 * 4.62
Employees Provident Fund Board 4.97
Kumpulan Wang Persaraan (Diperbadankan) 4.53
Permodalan Nasional Berhad (PNB) 6.20
State Financial Secretary, Sarawak 3.38
SBB Dana Al-lhsan 1.45
Lembaga Tabung Haji 1.39
Public Islamic Select Enterprises Fund 1.29
Public Mutual Berhad 0.98
Other Institutional Funds (Minimum 2m shares) 3.50
Other Mutual Funds (More than 2m shares holdings) 5.65
Estimated Intitutional & Mutual Funds (Less than 2m shares holdings) 0.50
Retail Investors (Balance) 15.36
Total Shareholdings 100.00

* Suspected Person, Group, Provident Fund
Note : Retail Investors (Balance) holds about (‘billion) 0.5

Summary

Founder Shares - 37.38%
Government Related Funds - 32.5%
Institutional & Mutual Funds - 14.76%
Retail Investors (Balance) - 15.36%

ǷearlꙌhite
Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BHD

Oct 4, 2021 8:54 AM | Report Abuse

.
A Statement of Action from the Supporters of CEO Karim and Serba Dinamik Berhad.

We have been aware and would officially state that we will deny and prevent the hostile takeover of Serba Dinamik Berhad through guerilla tactics.

We the mutual and institutional funds and retail investors in support of CEO Karim and Serba Dinamik Berhad would ensure that the current Board and Management and great team at Serba Dinamik Berhad would continue in the foreseeable future.

We will maintain more than 2/3 of overall share support for CEO Karim and Serba Dinamik Berhad.

Thank you.

==========================

Just a recap of the shareholding persons/entities in SD.

Name % Shareholdings

Mohd Abdul Karim bin Abdullah 20.90
Abdul Kadier bin Sahib 16.18
Unknown Shareholder 1 * 8.80
Unknown Shareholder 2 * 4.62
Employees Provident Fund Board 4.97
Kumpulan Wang Persaraan (Diperbadankan) 4.53
Permodalan Nasional Berhad (PNB) 4.34
State Financial Secretary, Sarawak 3.38
SBB Dana Al-lhsan 1.45
Lembaga Tabung Haji 1.39
Public Islamic Select Enterprises Fund 1.29
Public Mutual Berhad 0.98
Other Institutional Funds (Minimum 2m shares) 3.50
Other Mutual Funds (More than 2m shares holdings) 5.65
Estimated Intitutional & Mutual Funds (Less than 2m shares holdings) 0.50
Retail Investors (Balance) 17.52
Total Shareholdings 100.00

* Suspected Person, Group, Provident Fund
Note : Retail Investors (Balance) holds about (‘billion) 0.5

Summary

Founder Shares - 37.08%
Government Related Funds - 30.64%
Institutional & Mutual Funds - 14.76%
Retail Investors (Balance) - 17.52%

Common sense , if all these so called "kind hearted" forummers now shouting to sell and delisted, bankrupt, etc etc etc, why don't they ask here to Sell when the price was at 1.6 to 2.0?

But only at this price range,then all these kind hearted person came in and said price will go down to 0.10 or even 0.005

Only Wise and smart investors after reading this, will know why? For this who trapped at high price, should average down from now.

Mabel, I guess during the last day of trading before suspension, PNB then sold off about 1.86% of their shares to public, but that day trading volume was around 105millions volumes, which means 3272millions x 1.86%=69,322,200 shares sold that day by PNB plus stubborn shorties and weak retailers shares of approximately 46Mil shares being collected and absorbed by this so called suspected investor (described by pearlwhite,it could be suspected person,group or provident fund).

So,it's about 3.2% of shares being collected that day.

Quoted by pearlwhite:
Unknown Shareholder 1 * 8.80
Unknown Shareholder 2 * 4.62
Plus 3.2%

Total would be 13.42% + 3.2%= 16.62%

Pearlwhite, PNB only holding 4.34%, where did you get the 6.2% holding?

This SC is very funny, 6 months already, still wayang till now

（吉隆坡12日讯）鉴于Serba Dinamik Holdings Bhd对其前审计师毕马威（KPMG）、大马交易所，以及受委展开一项特别独立审查的安永（Ernst & Young Consulting）提出法律诉讼，令通常不会对其调查发表评论的大马证券监督委员会（SC）打破沉默。

证监会向The Edge透露，该会在收到毕马威发出的2007年资本市场与服务法令（CMSA）第320条的通知后，于5月18日突袭搜查Serba Dinamik的数个办公室，以获取文件和相关证据。

该监管机构向投资公众保证，其调查已取得进展，并且已向团队拨出额外资源，以确保调查及时完成。

作为资本市场的监管单位，证监会强调，根据证券法，其有权对违反或可能违反证券法、证监会准则和马交所条例的行为进行调查和执法。

证监会在回复The Edge的电邮中说：“证监会将评估所有可用证据，并在必要时采取任何适当行动。由于调查仍在进行中，因此无法对此发表进一步评论。”

“在调查过程中，证监会收到并批准了安永的请求，可查阅突袭搜查期间扣押的文件和证据，因安永难以从Serba Dinamik获得审查几个方面的完整文件。”

随后，证监会发布了资本市场与服务法令第152条，要求安永披露其特别独立审查结果，以供证监会审查。

We need quality persons especially like pearl white, Mabel etc in here, not those rubbish who kept spitting the false negative news

EY noted that it was appointed by Serba Dinamik’s board of directors, under the directive of Bursa. “We disagree with the position taken by Serba Dinamik. We undertook our duties professionally and stand by all our actions to date,” EY said in the statement.

Wayang name: SD storm

Pelakon Utama: SD
Pelakon 2: Kpmgggg
Pelakon 3: Busarrrr
Pelakon 4: EY

Cameo 1: epfffff
Innocent Cameo 2: KLscreenerrr

Now the situation is getting crystal clear, Busarr lawyer said Bursa never directed SD to engage EY as auditor, but claiming it's SD itself who opted EY for SIR, so cannot blame Busarr. EY said it was appointed by the BOD of SD under the directive of Busarr, it just did it's obligation only.

It's very obviously, many fake negative news kept spreading and spreading,then can let *someone* to accumulate/absorb/collect the historical CHEAP tickets From both ignorant shorties and weak/panic holders.

ǷearlꙌhite .
How many here have done special independent reviews before? Or special audits?

Can share your experience rather than quoting sections of the Act (which is of no use btw).

Question 1

Can a non-registered AOB company/person(s) review and give judgement on matters that pertain to accounting standards/processes;

and/or

to non accounting issues/processes.

Answer to 1 is ................
Of course CANNOT, for example, can a lawyer who not registered with bar council to provide legal representative? All professionals must be qualified by the professional body then only can provide professional services, otherwise it's considered INVALID

Question 2

Can the special independent review/special audit's conclusion be decided upon and concluded at the discretion of Bursa/SC?

Answer to 2 is ....................
Yes can, SC has the absolute power,but not bursa


Please fill in the blanks.

Mabel, I'm too regret that I didn't ALL IN SD previously, anyway I'm arranging with my broker to see whether I can put more cash inside and pledge my current securities to own more and more SD tickets,I'm using both to buy more SD tickets.

Hopefully SD can resume trading thereafter, as now the picture is very clear already, all Are just their wayang only

Pelakon Utama: SD
Pelakon 2: Kpmgggg
Pelakon 3: Bursarrrr
Pelakon 4: EY

Friendly Temporary Pelakon: epfffff

So about the court cases, SD sure will win against bursa, EY and KPMG

I believe all those pelakon who spreading negative news, then to collect shorties and weak holders cheap tickets until kao kao, then only push high

Very anticipating to see once the suspension is lifted,then can collect more and more cheap tickets already

Check this out for the Audit Oversight Committee

https://www.sc.com.my/api/documentms/download.ashx?id=d9ccd757-0924-4f1f-bf40-ecb0145bc6a2

Auditors
Ernst & Young PLT
Registration No. 202006000003 (LLP0022760-LCA) & AF 0039
Chartered Accountants
Level 23A, Menara Milenium
Jalan Damanlela
Pusat Bandar Damansara
50490 Kuala Lumpur

This is the auditor for Bursa, but Bursa directed Serb to engage EY consulting as auditor, which is wrong,as EY consulting is not registered with Audit Oversight board. Thus, no right to give any comments and even the SIR.

Please differentiate between EY PLT and EY consulting. Very big difference.

Seems like all these are actually their game which already planned very nicely already.

Wayang all the way

To be honest, the SIR doesn't really matter anymore. Because, SD can release the Annual Report 2020 now if they want.

What this means is that Nexia has given their opinion on the FS for 2020.

The only saving grace for Bursa/EY, is for them to make sure that all their findings are correct and is consistent with the Nexia's opinion.

The so-called updated on 30th September 2021 strongly suggests that the conclusions are consistent with Nexia's opinion.

However, asking more clarifications from SD is very prudent of them, just in case if anyone questions and does not accept the conclusions of the SIR in future (which I am sure will be many and represents 80% of the participants here) and decides to make complaints to the authorities and/or take legal action.

EY consulting is really not registered with Audit oversight board, but it's only EY PLT only

https://www.sc.com.my/api/documentms/download.ashx?id=d9ccd757-0924-4f1f-bf40-ecb0145bc6a2