Serba Dinamik denies Abu Dhabi contract is a RPT


KUALA LUMPUR: Serba Dinamik Holdings Bhd has denied there was any element of related party transaction (RPT) in the undertaking of Block 7 Investments LLC when the Abu Dhabi project win was first announced in April last year.

In a filing with Bursa Malaysia today, the company also clarified that Block 7 was incorporated in Abu Dhabi, United Arab Emirates (UAE), and not in the United States as reported in The Edge Weekly on June 17, 2021.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Genting Plantations 1Q net profit up 10.4%
Vizione wins RM250mil construction job
MN Holdings remains confident on its growth prospects
Ringgit closes lower against US dollar
Capital A’s revenue more than doubles to RM5.2bil in 1Q24
SCIB turns profit in 3Q24
IHH Healthcare net profit down 45% in 1Q
Time Dotcom 1Q net profit slips to RM110.67mil
Mitrajaya gets RM87mil data centre contract
Lagenda Properties confirms senior personnel remanded by MACC; shares tumble 29.52%

Others Also Read