Serba Dinamik takes legal action against Bursa

KUALA LUMPUR: Serba Dinamik Holding Bhd has filed an originating summons at the High Court against Bursa Malaysia Securities Bhd following the appointment of Ernst & Young Consulting Sdn Bhd as a special auditor to conduct a “special independent review”, which the company described as in "excess of power, null and void and of no effect".

In a filing with Bursa on Monday, it said the originating summons was to declare Bursa's orders dated June 28 and July 2, under paragraphs 2.23 and 2.24 of the Main Market Listing Requirements (MMLR) which it described as "in excess of power, null and void and of no effect”.