, which has yet to officially appoint an independent reviewer to undertake a special independent review (SIR) to address the concerns raised by KPMG, by Friday.
In this connection, under paragraphs 2.23 and 2.24 of the Main Market Listing Requirements, Bursa Malaysia said it issued a directive to the company to appoint by July 2, 2021 an international accounting firm or and accounting firm, with an international affiliation, that has adequate experience and resources, to undertake the SIR to address the concerns raised by KPMG.
The directive also requested the company to ensure that the appointed accounting firm or its affiliates have a presence in Bahrain and such other overseas locations, where the customers and suppliers Serba Dinamik are located, as highlighted by KPMG.
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KUALA LUMPUR (May 27): Most investment analysts have recommended their clients to shy away from Serba Dinamik Holdings Bhd for the time being, citing the uncertainties after its external auditor flagged some matters pertaining to statutory audit.
Analysts have downgraded their calls on Serba Dinamik, which was the oil and gas sector s favourite prior to the announcement on Tuesday on the setting up of an independent review over the matter raised by its auditor KPMG.
The company did not reveal details in the filing with Bursa Malaysia. However, The Edge learned that Serba Dinamik held a briefing with fund managers and analysts yesterday.
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