SD was able to borrow RM 4 billion from the lenders are supported by KPMG clean audit report. Without a clean audit report from big 4, my foot. The lenders of SD are shivering in this high profile saga. Stop being lcly in treating the external auditor.

Sue KMPG? SD has obviously mis managed the situation or being silly. No clean audit report from the external auditors, bankers will demand for repayment of loans. Money doesn't fall from the sky . Bankers and lenders are heavily relying on the audited report in making assessment of loans.

Don't play with the external auditors if the company borrows a lot of money from the banks.

Failure in producing audited reported to the bankers will certainly breach the loan agreements. Be aware!

Cash on hands is catered for daily business operation. Banks would pull an handbrake or demand for repayment when the company fail to meet the terms and conditions of the loan agreements.

It happens in the whole world and not restricted to Malaysia. People respect him because he 'got' something (power and money). Now, he lost something that people respected or dropped far below expectation. People, of course, look down on him.

Posted by i3lurker > Jun 30, 2021 7:18 PM | Report Abuse

In Malaysia, people look down on poor people
so Director forced sale all staff look down on him already.

Malaysians are like that.
You did not see Tony Fernandez say he was shocked by fair weather friends?

after forced sale, things will be hard for him.
Even the bank cashier will know.

Its understood that all tea lady, office boys, drivers and bangla office cleaners will also talk.....

SD is a high profile saga. Many credential candidates or friends refused to join SD as INEDs?

Suspending of SD is at the best interest of KLSE as a whole. Investors are being hunted of reading SD saga news everyday.

Suspending of SD is at the best interest of KLSE as a whole. Investors are being hunted of reading SD saga news everyday.

Bursa and SC don't have the right to ask SD dropping the court case. Suspension coming?

KPMG will never able give an opinion in SB accounts as long as court case is ongoing. SIR severes only Bursa /SC directive purposes.

No one dare to take up the appointment as the external auditor of SD now. SD has to get through the forensic audit or IR (nice terms)

The insurance company won't agree to cover auditor professional indemnity in serving a high profile and high risks client.

SD bankers are shivering after blowing up of audit issues. They will set a lending cap to SD.

Audited account is unable to sign off by KPMG in 4 months after the ending of Financial year. SD proposed to change the FY to 30 June 2021 to prevent from suspension. That's 'awesome'.

SD announced change of Financial year to 18 months ending 30 Jun 2021 on 7 May 2021. The disputes between KPMG emerged on the surface end of May. Obviously, SD management had a plan to change the external auditor in buying more time.

Myinvesting. Bursa invokes power under listing rules in appoint IR after KPMG has resigned. Very funny.

It's funny to imagine the situation after the completion of IR if possible. SD drop legal case against KPMG and reappoint KPMG to sign off the accounts.

Good points. Why an independent review is needed since KPMG has resigned.Who will sign off the audited account after the independent review ?

Posted by RISK8888 > Jun 28, 2021 11:25 PM | Report Abuse

Now the situation become very messy, independent review request by KPMG. But already resign, so why still need? The review mainly to support KPMG to finalise 2020 account. But already resign. So the review macam no purpose dy. are they suppose to appoint new auditor to finalise 2020 account? Instead of doing the review??? Wa...very messy ler....

CMSB Management is being professionally to deal with the whistle blowing through appointing
KPMG Management & Risk Consulting Sdn Bhd as the independent consultant to review the financial management of certain investment and contracts.
But SD management has been very defensive in the audit issues.

Spot on! An insult to KPMG for allowing EY to 'review' their works performed. SD should appoint EY as an External auditor or performing forensic audit.

Posted by i3lurker > Jun 28, 2021 7:45 PM | Report Abuse

for NFA just require Serba to collapse on his own with unpaid bank loans without any investigations by either SC or BURSA

once Serba collapse, both KPMG and EY sanitize hand and case is closed with NFA

all happy happy => no court case for anyone

It's ridiculous to focus in developing hardware or infrastructure showing off without looking back the industrial software development (CAD, CAE & EDA) controlling by the Westerners. Big Western software industrial developers were purported giving out free software for Eastern taiko to use happily in the past few decades. It's time to pay off for using freebies. No water to blow or self delusion living in the past.

https://youtu.be/QJ72CmkrFJs

Understand on how western countries leading the industrial software development. Don't learn from the eastern taiko to blow water so much.

https://youtu.be/SXvVih-DGsg

Vietnam is a different breed among of the communist countries. No polls in North Korea and China.

Which one is real? Both is fakes/real? or i love toxic positive news for enjoying my ego.

https://youtu.be/0sP15eHm-Rg

Posted by enning22 > May 18, 2021 4:20 PM | Report Abuse

https://www.youtube.com/watch?v=Ze7tOWtGWXw&t=1s

People love watching this kind of toxic positive news.

https://youtu.be/reQyqlRImOk

You can never see this type of news circulation in the communities of Wechat, WhatsApp, Messenger or lines. People love to read toxic positive news about Eastern taiko.

Posted by enning22 > May 18, 2021 4:20 PM | Report Abuse

https://www.youtube.com/watch?v=Ze7tOWtGWXw&t=1s

US is a 'devil' country but I love to send my children there for education and keeping money safely there for retirement.

Spot on 914601117!

Posted by 914601117 > May 7, 2021 11:07 PM | Report Abuse

KYY didn't explain why steel price increase. It's due to :
-steep increase in the prices of iron ore (due to China-Australia trade war, many Australian coal went to China via third countries with 70% increase in price)
-strong growth in steel demand from China, the US, Europe and other emerging markets, as global markets recover from a year-long slowdown with the reopening of business activities and vaccination drive

Many Bursa financial bloggers have closed shop or prosecuted by the authorities except uncle.Why ah? Uncle is doing charitable work for the local politicians besides writing financial blogs.

I don't like so many western things through lip service . All the talk is to please gullible folks.Why? A way to let folks to release their frustration (unfair treatments) on their lands where they are living. Politicians love uncle.

Western culture is the worst but i like wearing business attire when attending formal events to show i am smart.

Western countries got nothing good but i love jogging with Nike or Adidas shoes.

Western are lousy but everyday i surf Google and mail & checking Facebook.

Western countries have nothing good at all but i love driving Benz, wearing high class Swiss watches, wiring money around world with swift code, using Visa and Master card.

Western countries are being naive in controlling covid spreading and creating a havoc but i still love to park my wealth there.

I don't like democracy and capitalism but i enjoy going out for night life and being serve like a king.

I don't like democracy and capitalism but i love to live in Singapore...

I don't like democracy and capitalism but i love to park my wealth there just in case.

How would you tag me if I would have said democracy and capitalism is awful whilst i was staying in a banglow, driving latest version Benz, enjoying good food and serving by few servants....

Ideally, living in the jungle is better than modern civilization or colonies. Problem is 'ideal' doesn't exist in the world but we can live in our own virtual world as we wish.

如果中共打台灣, 俄羅斯會... 千載難逢機會不打烏克蘭, 改打中國

https://youtu.be/EKCLlG49lhc

如果中共打台灣, 俄羅斯會... 千載難逢機會不打烏克蘭, 改打中國

https://youtu.be/EKCLlG49lhc

I Malaysian so i care about Malaysia. The rest of the world, I got no time to care.

More precisely, the distance from Hainan to James Shoal is about 1753km whereas it is merely 45 nautical miles of Sarawak.

James Shoal is an underwater shoal in the South China Sea, with a depth of 22 metres below the surface of the sea, located about 45 nautical miles off Sarawak of Malaysia. It is claimed by Malaysia, the People's Republic of China, and the Republic of China.

'the under shoal located 45 nautical miles off Sarawak' whereas distance from Hainan Dao to James Shoal is more than 1000km.

I am born in Malaysia so my root is Malaysia. Who care about TongSan?

Go back to China land to kiss their ass. I Malaysian not interested living in both Eastern and Western lands.

Talking so bad about of Malaysia and yet enjoying good life in the same land at the same moment. Why not migrate to Eastern taiko land since it is so good to you? Finger always pointing others.

Please look nearer at the land you are living. The big Eastern taiko said had never invaded other country land but quietly building military base and claiming ownership of ScS under 9 dot lines.

Russia's government is celebrating the 100th birthday of Nobel laureate Alexander Solzhenitsyn, while at the same time persecuting the opposition.

https://www.google.com.vn/amp/s/amp.dw.com/en/opinion-putins-hypocrisy-on-human-rights/a-46690709