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    SERBADK   MYL5279OO004

SERBA DINAMIK HOLDINGS BERHAD

(SERBADK)
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Serba Dinamik : STATEMENT ON WITHDRAWAL OF SPECIAL NOTICE OF TERMINATION OF EXTERNAL AUDITOR

06/02/2021 | 10:48pm EDT

KUALA LUMPUR, 2 June 2021 - We refer to the announcement made on 28 May 2021 stated that YBhg. Datuk Haji Abdul Kadier Sahib, who is also the Non-Independent Non-Executive Director, had via his Special Notice dated 28 May 2021 ('Special Notice') requested for the Company to convene an extraordinary general meeting pursuant to Section 311 of the Companies Act 2016 to propose for the Removal of Auditors and Appointment of New Auditors.

The Company had announced today that it has received a notice from YBhg. Datuk Haji Abdul Kadier Sahib to withdraw the Special Notice for the termination of auditors, KPMG PLT ('KPMG') and the proposed nomination of BDO PLT as the new auditors, after due consideration, based on concerns raised by the shareholders and stakeholders that have been supporting the Group.

YBhg. Datuk Haji Abdul Kadier Sahib is looking forward for the Management and KPMG to arrange for engagement session to enable both parties to achieve amicable solution to the raised matters.

We hope the above clarifies.

Disclaimer

Serba Dinamik Holdings Bhd published this content on 02 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 June 2021 02:47:59 UTC.


ę Publicnow 2021
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Financials
Sales 2020 5 384 M 1 276 M 1 276 M
Net income 2020 579 M 137 M 137 M
Net Debt 2020 2 330 M 552 M 552 M
P/E ratio 2020 2,38x
Yield 2020 12,7%
Capitalization 1 366 M 323 M 324 M
EV / Sales 2020 0,69x
EV / Sales 2021 0,52x
Nbr of Employees 1 725
Free-Float 48,0%
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Mean consensus SELL
Number of Analysts 7
Last Close Price 0,41 MYR
Average target price 0,48 MYR
Spread / Average Target 18,9%
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Managers and Directors
Mohammad Abdul Karim bin Abdullah Group CEO, Non-Independent Executive Director & MD
Azhan Azmi Chief Financial Officer
Mohamed Ilyas bin Pakeer Mohamed Independent Non-Executive Chairman
Kalaikovan Anthony Chief Technology Officer
Puan Masleena binti Zaid Independent Non-Executive Director
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