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.