Independent Non-Executive Director Abu Bakar Uzir who appeared for Serba Dinamik to answer to the charge against Serba Dinamik, also claimed trial. Additionally, all three accused are required to report to the SC’s Investigating Officer on a monthly basis. Sessions Court Judge Sabariah Othman fixed bail at RM300,000 with two sureties each, and ordered the passports of all accused persons to be surrendered to court. The individuals charged today are the company’s Executive Director Datuk Syed Nazim Syed Faisal, Group Chief Financial Officer Azhan Azmi, and Vice President of Accounts & Finance Muhammad Hafiz Othman.Īll three accused claimed trial to the charges filed against them. Mohd Abdul Karim Abdullah, who is currently at large.Īccording to the SC’s charges filed at the Kuala Lumpur Sessions Court, the false statement is in relation to the revenue figure of RM6.014 billion contained in Serba Dinamik’s Quarterly Report on Consolidated Results for the Quarter and Year ended 31 December 2020. Yesterday, the company filed an appeal against the High Court’s decision to wind up the company and its three subsidiaries.The SC has also secured a warrant of arrest against the company’s Chief Executive Officer/Group Managing Director Dato’ Dr. The four companies are said to have a total debt of close to RM5 billion. The six financial institutions acting as the suit’s petitioners are Standard Chartered Saadiq Bhd, HSBC Amanah Malaysia Bhd, AmBank Islamic Bhd, MIDF Amanah Investment Bank Bhd, United Overseas Bank (Malaysia) Bhd, and Bank Islam Malaysia Bhd. On Jan 10, 2023, the High Court judicial commissioner Ahmad Murad Abdul Aziz allowed a petition filed by six financial institutions to wind up SDHB and its subsidiaries - Serba Dinamik Group Bhd, Serba Dinamik Sdn Bhd, and Serba Dinamik International Ltd. “We will also ensure that we continuously attract, train, and retain employees in this competitive industry,” he said. “As new energies slowly replace fossil fuel, we need to be prepared to offer services in line with this inevitable energy transition. Meanwhile, SDHB chairman Datuk Abdul Kadier Sahib said the company will focus on its financial health and continually transform business models to cater to global changes in the energy industry. “I am certain that when we have restructured and transformed our company, it will be met with positive feedback from our shareholders, customers, suppliers, and, last but not least, our employees,” said Abdul Karim. He said SDHB will continue its efforts in working towards a sustainable future, and as the oil and gas sector transitions from fossil fuel to clean energy, its workers will be skilled to manage new power plants. “We will pursue to garner bigger business in this field not only on the local front but also internationally,” he added. “Although operations and management is our key strength, we are also keen to expand into the information communications and technology sector, which holds great potential as the Fourth Industrial Revolution heralds changes across all industries. In the meantime, Abdul Karim said the company will continue to raise its efficiency and work on collaborations with possible partners to secure more contracts. On Dec 23 last year, trading in the company’s shares were suspended until further notice for failure to submit its annual report 2022. On Jan 7, 2022, SDHB triggered the criteria pursuant to Paragraph 2.1(d) of Practice Note No 17 (PN17) of the Main Market Listing Requirements of Bursa Securities. “The process may seem to have taken a little longer than expected but we are confident that we will see better times ahead,” he said in the company’s latest Annual/Integrated Report 2021/2022 filed with Bursa Malaysia today. “We are anticipating to resolve the statutory issues through a three-year programme, tracked with milestones. KUALA LUMPUR (Jan 12): Serba Dinamik Holdings Bhd (SDHB) is looking into formulating a plan to regularise its financial condition in about one month for submission to the relevant authorities for approval, said managing director and group chief executive officer Datuk Dr Abdul Karim Abdullah.Ībdul Karim assured that the company will be able to get back on track and continue to rebuild itself to greater heights. Serba Dinamik Holdings Bhd managing director and group chief executive officer Datuk Dr Abdul Karim Abdullah.
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