EPF, Serba Dinamik’s third-largest shareholder, has been reducing its holdings since then. It now owns a 7.6% stake in the company, down from 10.2% on June 3.
KUALA LUMPUR: Malaysia’s biggest state pension fund said Monday it is “gravely concerned” over the latest developments at oil and gas services firm Serba Dinamik
Bhd that’s caused a significant loss in shareholders’ value.
The developments include the departure of four directors and the resignation of KPMG as Serba Dinamik’s auditor, the Employees Provident Fund, or EPF, said in a statement.
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