KUALA LUMPUR (May 29): Serba Dinamik Holdings Bhd “has done nothing wrong”, said its group managing director and chief executive officer (CEO) Datuk Dr Mohd Abdul Karim Abdullah today in clarifying the company s audit issues recently raised by its external auditor KPMG.
The company has described KPMG as acting in an “unfair” and “peculiar” manner for going straight to the company’s independent directors to address the audit issues instead of briefing the management first.
Furthemore, the management blamed KPMG for delaying the completion of the statutory audit, which resulted in Serba Dinamik missing the audit deadline.
“The Securities Commission [Malaysia] has their rights; Bursa Malaysia has their rights [to investigate]. Based on what we believe, we have done nothing wrong,” said Abdul Karim, who is also the single largest shareholder holding a 26.93% stake in the company, at a virtual press conference today.
KUALA LUMPUR (May 28): Serba Dinamik Holdings Bhd said its non-independent non-executive director Datuk Abdul Kadier Sahib, who is also the second largest shareholder, has proposed to remove KPMG PLT as the company’s external auditor.
Holding a 15.96% stake in Serba Dinamik, Abdul Kadier has also proposed to appoint BDO PLT as the company’s new auditor “in place of KPMG PLT for the financial year ending June 30, 2021”, the company announced to the stock exchange this evening.
The proposal to change auditor came two days after the oil and gas company announced that it is commencing a special independent review after its board of directors was informed by KPMG on some matters pertaining to statutory audit.
KPower Bhd fell as much as 27 sen or 15.98% to RM1.42 this morning, after Serba Dinamik Holdings Bhd said on Tuesday it was commencing a special independent review after the board of directors was informed by its external auditor on some matters pertaining to statutory audit.
Serba Dinamik Holdings Bhd said today it has consulted with Bursa Securities prior to engaging international independent firms to assess the veracity and accuracy of the matters recently brought up by its external auditor KPMG.
will become a premier partner for Malaysia Pavilion at Expo 2020 Dubai, to be held from Oct 1, 2021 to March 31, 2022.
In a statement today, Serba Dinamik said the synergistic partnership will support and fortify Malaysia’s objective to promote its technologies and innovation capabilities to the global audience at the world expo.
The global expo is held once every five years, and this year’s event, themed Connecting Minds, Creating the Future”, will see participation from 190 countries, including Malaysia.
The mega event aims to promote global cooperation, innovation, technological development, human progress and education, and this year’s edition marks the first time that the event is held in the Middle East.