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Serba Dinamik MD's stake down to 20.73% after latest force selling


KUALA LUMPUR (July 5): Serba Dinamik Holdings Bhd group managing director (MD) Datuk Dr Mohd Abdul Karim Abdullah s stake in the engineering solutions group has dropped to 20.727% after the latest forced selling of a total of 32.18 million shares.
For comparison, his equity stake in the company stood at 27.066% at the start of June, marking a 6.34 percentage point decline over the past month.
According to a bourse filing today, Mohd Abdul Karim was forced to sell two blocks of shares, comprising a block of 10.18 million shares on June 30 and another 22 million shares on July 1.
Last week he sold a total of 203 million shares, bringing the total number of shares he has been forced to sell to 235.18 million. ....

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Serba Dinamik reverses downtrend after EY agrees to be independent reviewer with conditions attached


KUALA LUMPUR (June 29): Serba Dinamik Holdings Bhd was trading higher and the top most active counter this morning following news that Ernst & Young Consulting Sdn Bhd (EY) had accepted the company’s offer to be its independent reviewer with additional conditions attached.
Shares in Serba Dinamik opened higher at 37 sen apiece, compared with the previous day’s close at 32.5 sen. 
The stock then fell to a low of 34 sen and recovered to trade at 38 sen at the time of writing today. At 38 sen, the stock was trading 5.5 sen or 16.92% higher, with a market capitalisation of RM1.2 billion. 
From a volume perspective, Serba Dinamik shares were the most actively traded on the local bourse at the time of writing, with 375 million units done. ....

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