EVERY now and then, capital markets everywhere face challenges posed by participants who attempt to sidestep the law. Regulations related to capital markets have been crafted over the years and they keep getting refined to suit current times. Capital markets that fall short of high standards of regulation and transparency will struggle to achieve those goals. The issue with the FY20 revenue was first raised by KPMG to the Serba Dinamik board in May 2021. In another matter that relates to Bursa Malaysia, Serba Dinamik was classified as a Practice Note 17 (PN17) company by the exchange in January.
