KUALA LUMPUR: Bursa Malaysia Securities Bhd has publicly reprimanded Serba Dinamik Holdings Bhd and 10 of its directors and also imposed fines ranging from RM355,200 to RM1.38 million.
In a statement today, the exchange said the company breached six of its Main Market Listing Requirements (Main LR).
Group managing director/chief executive officer Datuk Mohd Abdul Karim Abdullah and executive director Datuk Syed Nazim Syed Faisal were each fined RM1.38 million.
Non-executive chairman Datuk Abdul Kadier Sahib was fined RM785,400 while Datuk Awang Daud Awang Putera, Datuk Mohamed Ilyas Pakeer Mohamed, Johan Mohamed Ishak, Datuk Seri Mohamed Farid Abu Hassan and Siti Zaleha Sulaiman were fined between RM600,000 and RM710,400.
Noor Azri Noor Azerai and Abu Bakar Uzir were fined RM355,200 and RM360,400, respectively.
"The findings of breaches and imposition of the penalties on Serba Dinamik and its directors were made (according to) paragraph 16.19 of the Main LR on completion of due process and after taking into consideration all facts and circumstances of the matter,” the statement said.
Bursa said it considered the breaches and their impact on the company, shareholders, and investors as well as the roles, responsibilities, knowledge, involvement and conduct, action, and inaction of the directors.
The exchange said there was “a serious dereliction of duties” by the board and also corporate governance failures, particularly in their failure to ensure proper and timely disclosure of material information, market transparency, and compliance with the regulator’s directive.
"Bursa Malaysia Securities will not hesitate to take enforcement actions against culpable directors who fail to discharge their duties (including newly appointed directors and notwithstanding the director’s resignation), and thus, permitted/caused the listed company to commit breaches of the Main LR," it said.
The exchange said it views the contraventions seriously as timely and accurate disclosure of financial statements and material information are fundamental obligations of listed companies and are of paramount importance in ensuring an orderly and fair market, maintaining market integrity and investor confidence.
"It is mandatory for listed companies and their directors to comply with the directive issued by Bursa Malaysia Securities.
"All directors, both executive or non-executive, of listed companies must also ensure compliance of the Main LR and maintain the highest standards of integrity, accountability, corporate governance and responsibility to its shareholders and the investing public," it added.
Bernama
Thu Dec 21 2023
In a statement today, the exchange said the company breached six of its Main Market Listing Requirements (Main LR). - Filepic
Pengguna Facebook, Instagram luang 60% masa menonton video
Menurut Meta, kini pengguna meluangkan 60% daripada masa penggunaan di platform berkenaan dengan menonton video.
Rumah kebajikan warga emas dipukul tidak berdaftar - Nancy
Rumah kebajikan dihuni warga emas yang dipukul dengan kayu di Taman Desa Aman, Padang Serai, Kedah didapati tidak berdaftar dengan JKM.
Pasangan beregu badminton Soon Huat-Shevon kongsi gambar praperkahwinan
Pasangan beregu campuran negara, Goh Soon Huat-Shevon Lai, hari ini berkongsi gambar praperkahwinan mereka, yang dijangka akan dilangsungkan tidak lama lagi.
Kementerian Perpaduan lancar Inisiatif Harmoni Madani
Kementerian Perpaduan Negara hari ini melancarkan Inisiatif Harmoni Madani.
Kes 1MDB: Najib percaya Blackstone dikawal Arab Saudi, Raja Abdullah - Saksi
Saksi memberitahu Najib percaya bahawa syarikat Blackstone Asia Real Estate Partners dikawal oleh kerajaan Arab Saudi dan Raja Arab Saudi.
Apple dalam perbincangan guna teknologi OpenAI dalam iOS 18 - Laporan
iOS 18 akan membawakan perubahan paling besar untuk sistem operasi iPhone tahun ini dan integrasi sistem AI akan akhirnya didedahkan.
PRK Kuala Kubu Baharu: BN pamer komitmen tinggi pastikan kemenangan calon - Loke
BN menunjukkan komitmen tinggi dalam memastikan kemenangan calon PH, pada PRK Kuala Kubu Baharu.
Empat maut, dua pacuan empat roda bertembung
Empat individu maut dalam kemalangan melibatkan dua pacuan empat roda di Kilometer 78, Jalan Kota Bharu-Gua Musang tengah malam tadi.
Uqasha Senrose selamat bersalin, beri nama anak Uqaira
Pelakon Uqasha Senrose mengumumkan telah selamat melahirkan puteri sulungnya pada awal pagi Sabtu.
Thomas Cup: Permulaan cemerlang buat Malaysia
Malaysia bermula cemerlang pada perlawanan pembukaan Piala Thomas 2024, dengan menewaskan Hong Kong 5-0 hari ini.
Bursa tegur, denda MD/CEO Serba Dinamik RM15,000
Bursa Malaysia Securities Bhd menegur secara terbuka dan mengenakan denda RM15,000 terhadap Pengarah Urusan Kumpulan/Ketua Pegawai Eksekutif Serba Dinamik Holdings Bhd Datuk Mohd Abdul Karim Abdullah.
Serba Dinamik, tiga anak syarikat dapat penggantuangan sementara perintah penggulungan
Hakim menetapkan 6 Mac ini untuk mendengar permohonan penggantungan secara penuh perintah penggulungan dan keputusan pada 9 Mac ini.
Abdul Karim ikrar pulihkan saham Serba Dinamik
Abdul Karim yang sebelum ini turut mengurangkan pegangan sahamnya ekoran jualan paksa, menegaskan tindakannya melupuskan 55.9 juta saham waran dalam minggu 'adalah semata-mata keperluan perniagaan'.
Serba Dinamik sasar 200 megawatt tenaga boleh baharu tahun ini
Ketua Pegawai Eksekutif dan Pengarah Urusannya Datuk Dr Abdul Karim Abdullah berkata setakat ini projek berkenaan sedang dibangunkan di Sabah, Perak dan Laos.