High Court allows bid to wind up Serba Dinamik, three subsidiaries

KUALA LUMPUR: The High Court here has allowed a petition filed by six financial institutions to wind up Serba Dinamik Holdings Berhad (SDHB) and its three subsidiaries over a nearly RM5bil debt.

The six financial institutions acting as the suit's petitioners are Standard Chartered Saadiq Berhad, HSBC Amanah Malaysia Berhad, AmBank Islamic Berhad, MIDF Amanah Investment Bank Berhad, United Overseas Bank (Malaysia) Bhd, and Bank Islam Malaysia Berhad.