Serba Dinamik's private placement 'necessary', says Kenanga

KUALA LUMPUR: Serba Dinamik Holdings Bhd's proposal for a 10% private placement is necessary to fund upcoming ventures while maintaining its net gearing level, says Kenanga Research.

"Overall, we are neutral on the private placement, seeing it as a necessary step for the group to meet upcoming capital requirements to fund its ventures, while at the same time maintaining its net-gearing levels below the 1.0x threshold.