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Four Serba Dinamik independent directors resign in protest over company's lawsuit against KPMG 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.
Serba Dinamik Holdings Bhd’s newly appointed independent director Datuk Mohamed Ilyas Pakeer Mohamed has been redesignated as chairman of the company’s board, which is currently facing audit issues flagged by its external auditor KPMG PLT. ....
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. ....
will spend RM100mil on the revival project of its recently-acquired Teluk Ramunia (TR) yard in Kota Tinggi, Johor. The revival project, which is expected to commence in the current quarter is to restore the yard’s operational capability of up to 50,000 tonnes in offshore platform steel fabrications and other structures. “The revival of the TR Yard’s operations is at the preliminary planning stage and the group has formed a dedicated project management team to oversee the restoration works and yard operations. “Works to revive the TR Yard’s operations are expected to take up to 24 months and entails, among others, site clearing, setting up of security and perimeter fencing and installation of fabrication-related machineries and equipment, ” according to independent non-executive chairman Datuk Mohamed Nor Abu Bakar in a circular to shareholders last week. ....