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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.

Serba Dinamik MD forced to sell further 62 million shares, lowering stake to 24%

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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