KUALA LUMPUR: Bursa Malaysia Securities Bhd has publicly reprimanded and imposed a fine of RM15,000 on Serba Dinamik Holdings Bhd’s group managing director/chief executive officer Datuk Mohd Abdul Karim Abdullah.
Serba Dinamik Holdings Bhd has questioned the Securities Commission Malaysia's (SC) motive to press charges against the company in its lengthy reply to the court order dated Feb 7, 2022. The oil and gas service provider, which is embroiled in audit issues, argued that the SC is obliged to prove that each and every director knew that the statement was false and caused it to be announced as it believes that the way the charges were framed was that the responsibility for the alleged false statement rested on the (Serba Dinamik) board.
Serba Dinamik posts RM112 mil net profit for 5QFY21, supported by O&M ops theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
Higher crude oil prices gave Petronas-linked stocks a boost in early Thursday trade and nudged the FBM KLCI higher while consumer stocks also advanced.