KUALA LUMPUR (May 5): Controversial Practice Note 17 (PN17) company Serba Dinamik Holdings Bhd says it is looking into formulating a plan to regularise its financial condition. In a bourse filing on Thursday (May 5), Serba Dinamik said it has approximately eight months to submit its regularisation plan to Bursa Securities for approval. “The company will make the necessary announcement on the regularisation plan in accordance with the requirements under PN17,” it added. Serba Dinamik slipped into PN17 status in January, after its external auditor Nexia SSY PLT expressed a disclaimer of opinion over its audited financial statements for the 18-month financial period ended June 30, 2021. Trading in Serba Dinamik securities has been suspended since October last year.
