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Serba s stock takes a dive as half its board resigns

Filings with Bursa Malaysia yesterday showed that five of its independent and non-executive directors have resigned, with four of them stating their disagreement over Serba Dinamik’s decision on Wednesday to take legal action against its former external auditors as their reasons for leaving. lost almost half of its board members in the latest twist to the company’s rapid fall from grace. The stock plunged 23% to a new low yesterday. Filings with Bursa Malaysia yesterday showed that five of its independent and non-executive directors have resigned, with four of them stating their disagreement over Serba Dinamik’s decision on Wednesday to take legal action against its former external auditors as their reasons for leaving.

Serba Dinamik, IOI Corp, HB Global, MAHB, MYEG, Yinson and MyNews

Based on corporate announcements and news flow today, companies in focus on Monday (June 28) may include: Serba Dinamik Holdings Bhd, IOI Corp Bhd, HB Global Ltd, Malaysia Airports Holdings Bhd, MY EG Services Bhd, Yinson Holdings Bhd and MyNews Holdings Bhd.

Four Serba Dinamik independent directors resign in protest over company s lawsuit against KPMG

Four Serba Dinamik independent directors resign in protest over company s lawsuit against KPMG
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