Serba Dinamik: The Hindsight
Earlier this year, Serba Dinamik’s auditor KPMG had raised issues regarding the company’s sales transactions, trade receivables and payables, as well as material on-site balances. The issues raised involved 11 parties which accounted for total sales transactions of RM2.32 billion, trade receivables balance of RM652 million and materials on site balance of RM569 million. Since then, the share price of the company had dropped all the way down from RM1.6 to RM0.35 and has been suspended from trading since October 22.