The Minority Shareholders Watchdog Group (MSWG) issued a statement today to urge the minority shareholders of Serba Dinamik Holdings Bhd not to change the company’s external auditor KPMG, citing this is a way to uncover the truth of the audit issues brought up by the auditor. In the statement, the MSWG said KPMG should be allowed to complete its work and report to shareholders in the upcoming annual general meeting (AGM) as part of good governance.
KUALA LUMPUR: Stock market regulators Securities Commission (SC) and Bursa Malaysia Bhd said on Friday they will take the necessary measures to curb disruptive trading practices and market abuse on the local bourse.
This includes pursuing legal actions under existing laws. Malaysian investors are advised to be cautious of social media chatrooms that try to influence investors to buy or sell certain stocks based on speculation or rumours, they said in a joint statement today. Investors should also be wary of discussions in these social media chatrooms that may trigger securities breaches such as the provision of investment advice or stock recommendations without a licence.