Serba loses almost half of its board members, boss Abdul Karim says doing his outmost best to resolve current issues

KUALA LUMPUR: Serba Dinamik Holdings Bhd lost almost half of its board members on Friday in the latest twist to the company's rapid fall from grace. The stock plunged 23% to a new low on Friday.

Filings with Bursa Malaysia today showed that five of its independent and non-executive directors have resigned, with four of them stating their disagreement over Serba Dinamik's decision on Wednesday to take legal action against its former external auditors as their reasons for leaving.