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Serba Dinamik Holdings Bhd fell by as much as 6.5 sen or 10.74% to a new low of 54 sen as heavy selling continued amid its audit woes. At the noon break, the counter had pared some losses at 55.5 sen, still down five sen or 8.26%.
KUALA LUMPUR (June 11): Based on corporate announcements and news flow today, companies in focus on Monday (June 14) may include: IJM Corp Bhd, Kuala Lumpur Kepong Bhd (KLK), Serba Dinamik Holdings Bhd, Boustead Heavy Industries Corp Bhd (BHIC), Uzma Bhd, Yong Tai Bhd, Reservoir Link Energy Bhd and Sern Kou Resources Bhd.
KUALA LUMPUR (June 10): Serba Dinamik Holdings Bhd s co-founder Datuk Awang Daud Awang Putera has disposed of 8.5 million shares in the group, which has been in the limelight since May 25 over some audit issues.
The oil and gas service provider‘s bourse filing showed that Awang Daud, who is also the group s non-independent non-executive director, sold the shares in the open market yesterday, reducing his stake to 1.8% from 2.24%.
Serba Dinamik shares closed at 62.5 sen apiece yesterday. A back-of-the-envelope calculation shows the block of shares sold for RM5.31 million.
Besides Awang Daud, the Employees Provident Fund (EPF) has also disposed of Serba Dinamik shares in the open market.