CEO lowers stake in Serba Dinamik


In a filing with Bursa Malaysia yesterday, Serba Dinamik said Abdul Karim had disposed of 9.66 million shares, citing “forced selling” as the reason.

PETALING JAYA: Serba Dinamik Holdings Bhd’s group managing director and group chief executive officer Datuk Mohd Abdul Karim Abdullah (pic) has been forced to trim his stake in the company.

In a filing with Bursa Malaysia yesterday, Serba Dinamik said Abdul Karim had disposed of 9.66 million shares, citing “forced selling” as the reason.

The latest disposal leaves him with 777.71 million shares, which translates into a 20.97% stake in the company.

Serba Dinamik shares closed 1.5 sen (or 9.38%) lower to 14.5 sen yesterday.

Serba Dinamik slipped into PN17 status in January, after its external auditor Nexia SSY PLT expressed a disclaimer of opinion over its audited financial statements for the 18-month financial period ended June 30, 2021.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Serba Dinamik , Mohd Abdul Karim , shares ,

   

Next In Business News

China's central bank renminbi liquidity arrangement includes Malaysia
Global M&A braces for dry spell as boardrooms put expansion on hold
CPO futures market to see technical correction next week
Fed policymakers embrace more rate hikes, markets a little less
Tokyo Gas begins synthetic methane trial using green hydrogen
Bruised US stock investors brace for more pain in second half of 2022
An ‘AAA’ move?
A ‘Volcker recession’ in the making
Real stress hurts bank buybacks
Masayoshi Son’s eternal optimism

Others Also Read