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.