Posted by ukoris > 2021-06-29 16:34 | Report Abuse

Guys, they got 7bil project in the pipeline:

Serba got 1.78bil USD project from Block7:
https://www.e-serbadk.com/serba-dinamik-wins-us1-78bil-contract-in-uae/

The block7 project is totally rock solid, it is supported by Efire Capital:
https://w.media/zonescorp-partners-with-block-7-investments-to-develop-the-block-7-innovation-hub-in-icad/

Efire Capital is a totally legit investment firm, it is backed by superstar BUMI CEO of Malaysia O&G Firm Serba Dinamik:
https://efirecapital.com/founder-and-co-founders-message/

Basically Serba just found an infinity tender award hack, the pride of Malaysia. They going to space next !

Posted by Sslee > 2021-06-29 18:49 | Report Abuse

https://efirecapital.com/about-efire-capital/
EFIRE CAPITAL HOLDINGS LTD also known as EFIRE CAPITAL or EFIRE is Investment company is incorporated in 2020. Since then, our vision is to add value to country and grow to become a major player in the smart city development company and Innovation Hub in Abu Dhabi UAE, with prudent investments in diversified sectors and markets across the globe – real estate, industrial, entertainment, financial, healthcare and education among others. Listed on the Abu Dhabi Global Market in 2020, EFIRE CAPITAL has 4 shareholders with a share paid capital of 10 Million USD. Through its businesses, EFIRE CAPITAL has empowered communities – driving positive growth in all fronts.

So EFIRE CAPITAL isListed on the Abu Dhabi Global Market in 2020, EFIRE CAPITAL has 4 shareholders or EFIRE Capital, which is owned by SDIL and LIWA on a 51:49 basis, Serba Dinamik said?

Posted by stockraider > 2021-06-29 18:50 | Report Abuse

Whether it is EY or KPMG the outcome & findings will be likely to be the same mah, Do not believe in false hope mah!

Posted by Glovefinishretard > 2021-06-29 18:59 | Report Abuse

I suggest Serba hold live Zoom or Microsoft Teams PO online meetings with these vendors or companies and show it live on youtube!

Posted by Stock Kingdom > 2021-06-29 20:01 | Report Abuse

Thanks for pointing out. No wonder i felt something not right & I thought it was my eyes sight problem

————-+++++++————
To me, either the company signage is poorly photoshop into the picture, or slanted signage placement is part of Abu Dhabi unique culture.

Posted by Sslee > 2021-06-29 20:05 | Report Abuse

Haha i3lurker,
Both sharing the same website and webpage.
So one must be LTD the other L.T.D.

Posted by Sslee > 2021-06-29 20:14 | Report Abuse

Joke aside one is called:
EFIRE CAPITAL HOLDINGS LIMITED
And the other
EFIRE CAPITAL HOLDINGS LTD

So is LIMITED and LTD any different? And can mean different company?

Posted by qqq3333 > 2021-06-29 20:34 | Report Abuse

why so similar to Joe Low one?

Posted by ytk666 > 2021-06-29 20:35 | Report Abuse

sound very familiar!!

Posted by i3lurker > 2021-06-29 20:43 | Report Abuse

nothing to worry about
confirmed its a typo only

its a trivial issue.

btw I will sue you.

Posted by Bgt 9963 > 2021-06-29 20:47 |

Post removed.Why?

Posted by Kang Yao > 2021-06-29 21:11 | Report Abuse

What surprise me is EPF doesn't seems to be making any announcement regarding their findings. As a major shreholder, wouldnt it be normal to investigate further?

As a GLC, they could call UAE contacts , call zonecorp or even fly someone over to verify further.

If everything is genuine, EPF would have come out to publish their findings, instead they just sell down, which is a worrying sign.

Posted by i3lurker > 2021-06-29 21:20 | Report Abuse

KWAP and KWSP already know the truth and that's why they are selling

Posted by AlsvinChangan > 2021-06-29 21:29 | Report Abuse

Naames
A Bin C and A B. C

are they diff persons?

Posted by i3lurker > 2021-06-29 21:41 | Report Abuse

I am also scratching my head coz its between a rock and a hard place.

BURSA order to get a Special Auditor to expedite is good coz it will expedite the suspension of Serba.

Anyhow there is something wrong in the current system.
Day by day the bilis pile into to buy Serba shares just like lemmings killing themselves.

A balance must be struck between market liquidity and suspending trading of "suspect companies"

The current system does not work as can already be seen.

BOD sacks KPMG by suing them
BOD delays appointment of Special Auditor until ordered by BURSA

now the legal ding dong between KPMG, EY, Insurance ends up delay also.
delays in such case are bad coz trading of "suspect companies" continues unabated killing innocents day by day.

I would propose immediate suspension
until clarity whether its a "suspect company" or "NOT a suspect company"

No liability of any sort to anybody should be assigned for suspension in such cases coz its the suspect company auditor themselves who flagged it.

Hence liability for suspension, if any, must be borne by suspect company as a separate legal entity themselves.

Posted by Sslee > 2021-06-29 21:49 | Report Abuse

Haha i3lurker,
Do you want me to write to SC and Bursa with your propose immediate suspension until clarity whether its a "suspect company" or "NOT a suspect company"

No liability of any sort to anybody should be assigned for suspension in such cases coz its the suspect company auditor themselves who flagged it.

Hence liability for suspension, if any, must be borne by suspect company as a separate legal entity themselves.

Posted by AlsvinChangan > 2021-06-29 21:53 | Report Abuse

SD never regconize any revenue from the Project nor spent any money into the Project.

SD decided to abandon the Project we shall not talk about it again

Treat it as NEVER existed NO further discussion is allowed

Posted by TheGardener > 2021-06-29 22:00 |

Post removed.Why?

Posted by DickyMe > 2021-06-29 22:06 | Report Abuse

"i3lurker KWAP and KWSP already know the truth and that's why they are selling
29/06/2021 9:20 PM"

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

Even if they know, they won't reveal it out.

Member jaga member, kita jaga kita!

Posted by ipohwhitecoffee > 2021-06-29 22:09 | Report Abuse

My question is; why everything seems to squeezed inside this Marina Plaza?

Liwa, Block 7, Efire, Future Digital Data Systems?

1. Liwa http://www.liwainvestment.ae/
2. Block 7 https://2gis.ae/dubai/firm/70000001046638098
3. Efire https://2gis.ae/dubai/firm/70000001046637913
4. FDSS https://www.google.com/maps/place/Future+Digital+Data+Systems/@24.48849,54.3645694,15z/data=!4m12!1m6!3m5!1s0x0:0x985a948b74702d65!2sFuture+Digital+Data+Systems!8m2!3d24.4884987!4d54.3645943!3m4!1s0x0:0x985a948b74702d65!8m2!3d24.4884987!4d54.3645943

Any explaination?
*Please correct me if I gave wrong info.

Posted by mhelmi80 > 2021-06-29 22:09 | Report Abuse

https://klse.i3investor.com/blogs/ongmy/2021-06-27-story-h1567060100-Serba_Dinamik_Uncle_Tan_do_you_really_know_what_a_Ponzi_Scheme_is.jsp

Posted by information > 2021-06-29 22:36 | Report Abuse

you must be at the peak of paranoia to suspect LIWA GROUP who's office in the same building with same address

http://www.groupliwa.com/contact.html

Posted by information > 2021-06-29 22:38 | Report Abuse

if you come to UAE and suspect LIWA group's existence because you cant find street name matching with google address, they will start contemplating to place you in a mental institution

now every tom dick & harry become FBI already

Posted by information > 2021-06-29 22:41 | Report Abuse

now it all makes sense what had happened to KPMG

Posted by qqq3333 > 2021-06-29 22:45 | Report Abuse

Serba found heaven earlier then heaven turn to hell.

Posted by qqq3333 > 2021-06-29 22:46 | Report Abuse

Malaysia too small for ambitious people

Posted by DickyMe > 2021-06-29 22:47 | Report Abuse

School kid website for an investment group. Not secure too.

Posted by sparrow > 2021-06-29 23:06 | Report Abuse

You would be surprised to find that Block 7 LLC was registered on 25/3/2020 and EFIRE was registered on 26/3/2020 in UAE business registry, just one day apart. This is another red flag for me.

Posted by DickyMe > 2021-06-29 23:09 | Report Abuse

It happened during as soon as backdoor gomen came into power and MCO 1 imposed.

Posted by Ron90 > 2021-06-30 00:20 | Report Abuse

the choose LIWA..T . = Semb0r1T.. coincidence?

Posted by Just88 > 2021-06-30 00:37 | Report Abuse

https://www.google.com/maps/place/Marina+Plaza+Building/@24.4886195,54.3645941,3a,75y,90t/data=!3m8!1e2!3m6!1sAF1QipPGZ6TgPRqTZHwpf5VzMLF5DOgNVd0j0nMAsPAA!2e10!3e12!6shttps:%2F%2Flh5.googleusercontent.com%2Fp%2FAF1QipPGZ6TgPRqTZHwpf5VzMLF5DOgNVd0j0nMAsPAA%3Dw203-h360-k-no!7i2592!8i4608!4m12!1m6!3m5!1s0x0:0xafa974e54f65be57!2sMarina+Plaza+Building!8m2!3d24.4886077!4d54.3645547!3m4!1s0x3e5e67fd2c988ee3:0xafa974e54f65be57!8m2!3d24.4886077!4d54.3645547?hl=en

Posted by DannyArcher > 2021-06-30 01:12 | Report Abuse

@i3lurker

if suspend then how EPF and others gonna sell?

Posted by Sslee > 2021-06-30 07:30 | Report Abuse

If EPF know somethings that other don't know then it is insider trading. An offence under our security act.

Posted by Kang Yao > 2021-06-30 08:41 | Report Abuse

Its not consider as insider trading unless the information is diclosed by the board of SD to EPF.

Posted by Freedom1 > 2021-06-30 08:42 | Report Abuse

Poor EPF has dumped 100 mil shares, another 280 mil to go. Better sell first b4 EPF.

Posted by Bgt 9963 > 2021-06-30 08:44 |

Post removed.Why?

Posted by Kang Yao > 2021-06-30 08:46 | Report Abuse

The findings is just personal red flags, its doesn't point to non-existance.

If anyone strip off this projects, and value rest of SD project based in Malaysia over their financials to see how much it's worth, please share.

Posted by Kang Yao > 2021-06-30 08:56 | Report Abuse

ipohwhitecoffee Efire is in Marina Plaza, its a different building. FDSS address on google does mark as alulu street, which means maybe Abu Dhabi does has a different address system.

Posted by HerbertChua > 2021-06-30 09:09 |

Post removed.Why?

Posted by Kang Yao > 2021-06-30 09:15 | Report Abuse

maybe different age, or family member .

Posted by HerbertChua > 2021-06-30 09:18 |

Post removed.Why?

Posted by Philip ( buy what you understand) > 2021-06-30 10:08 | Report Abuse

http://www.groupliwa.com/principals.html

no one ever bother to ask whether the products carried by LIWA is still under their distributorship.

I used to carry Larsen & Turbo, or L&T is the local brand here in Malaysia which I used to design and supply for local Shell projects here in Sabah.

Instead of following the trail of suppliers and money and projects, it is much easier just to do a google search and compare faces.

Posted by thisistheway > 2021-06-30 10:32 | Report Abuse

Interesting..I wonder if it is somehow related to 1MDB since they also hired Shafee for the case vs KPMG.(Just my opinion..opinion not facts..don't sue me. I apologize in advance if my opinion is wrong)

Posted by Sslee > 2021-06-30 10:33 | Report Abuse

Herbert,
Layhong is now managed by Japanese director, is it a right time to buy Layhong?

Posted by supersaiyan3 > 2021-06-30 11:37 | Report Abuse

Homer J. Simpson and Homer Jay Simpson?

Kang Yao, well done and well shared.

Posted by EatCoconutCanWin > 2021-06-30 11:43 | Report Abuse

Keong kan.. liwa became liwat.. cucuk my az

Posted by kakitrader > 2021-06-30 11:51 | Report Abuse

Blogger is correct..i was doing my own search before i saw this article. Frm the efire capital webpage, the webpage link to twitter are false. No acct in twitter. Frm webpage link to Google it was not so accurate, did some google map street search, it does end up in Lulu street, Marina Plaza building (NEXT TO AL RAHAT MEDICAL CENTRE). Area surrounding the building are like apartment,

Question to ponder, if the contract is legit as mentioned, why create fake link acct? Why company webpage info is so half-ass effort created? About company info written too lack of info that seems like a scam webpage or shell company. Why photoshop signboard when google street show it is clearly not there?
It is scary as a trader, to see serba dinamik who is the mother for handful of penny stocks in bursa, is making such show. Noted that it's price is attractive for many people who think this is like some emerging balck horse stock, but i really hope we do not pick up horse shit instead of black horse.

Since project link to Abu Dhabi Arab, feels like some deja vu feeling again after crazy 1MDB..
Just voicing out my thought..up to you all to decide..hope you all able to make some good profit with other stocks during these hard time..hope to see more useful blog like this.

Posted by kyappc > 2021-06-30 12:13 | Report Abuse

kakitrader KangYao ... Power of google street map... Websites links are not functioning....

Posted by kyappc > 2021-06-30 12:19 | Report Abuse

maybe can do some digging into related counters ...

Posted by stockraider > 2021-06-30 12:24 | Report Abuse

It is good that Serba need Kpmg help for the EY review, this means KPMG can collect back all its outstanding audit fees loh!