Serba Dinamik looking to submit regularisation plan in a month

KUALA LUMPUR: Serba Dinamik Holdings Bhd is looking into formulating a plan to regularise its financial condition for submission to the relevant authorities in about one month, said managing director and group chief executive officer Datuk Dr Abdul Karim Abdullah.

He gave the assurance that the company would be able to rebuild itself.

“We are planning to resolve the statutory issues through a threeyear programme.

“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 annual/integrated 2021/2022 report filed with Bursa Malaysia yesterday.

On Dec 23 last year, trading in the company’s shares were suspended over its failure to submit its annual report.

Karim said the company would continue to raise efficiency and work with possible partners to secure more contracts.

“Although operations and management are our key strengths, we are keen to expand into the information communications and technology sector.

“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 employees.”

Chairman Datuk Abdul Kadier Sahib said the company would focus on its financial health and continually transform its business model to cater to global changes in the energy industry.

On Tuesday, High Court judicial commissioner Ahmad Murad Abdul Aziz allowed a petition filed by six financial institutions to wind up Serba Dinamik and three of its subsidiaries.

The company filed an appeal on Wednesday.