KUALA LUMPUR (July 2): Serba Dinamik Holdings Bhd largest shareholder and group managing director Datuk Dr Mohd Abdul Karim Abdullah has been forced to trim his stake in the company again this week.
In a bourse filing yesterday, the Serba Dinamik MD announced that he had disposed of 61.71 million shares on Tuesday, citing forced selling as the reason.
The latest disposal leaves him with 896.05 million shares, which translates into a 24.16% stake in the company.
Prior to being forced to sell 46.3 million shares on Monday, Abdul Karim held one billion shares equivalent to a 27% stake in the company.
In terms of share price performance, the counter rebounded yesterday to close 15.15% or five sen higher at 38 sen from the 33 sen on Wednesday.
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