Serba Dinamik s subsidiary defaults RM14 63 mln payment for term equity, financing facilities theborneopost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theborneopost.com Daily Mail and Mail on Sunday newspapers.
Serba Dinamik Holdings Bhd, which is in the midst of appealing the High Court's dismissal of its application for a permanent stay of a winding up petition from its creditors, said several right-sizing initiatives that are in line with its regularisation efforts have been agreed to by its liquidator Victor Saw Seng Kee from PricewaterhouseCoopers Advisory Sdn Bhd.
On resumption of trading after a three-week suspension, Serba Dinamik Holdings Bhd saw its share price increase by as much as 150% to 2.5 sen as at 10.15am on Friday (Jan 13), with 126.5 million shares traded.
KUALA LUMPUR: The High Court here has allowed a petition filed by six financial institutions to wind up Serba Dinamik Holdings Berhad (SDHB) and its three subsidiaries over a nearly RM5bil debt.