"The suspension is effected pursuant to paragraph 16.02(1)(c) of the Main Market Listing Requirements in the interest of maintaining an orderly and fair market in the trading of Serba Dinamik's securities," Serba Dinamik said in a Bursa filing. "Accordingly, all structured warrants relating to Serba Dinamik will also be suspended at the same time," Serba Dinamik said. Bursa said in a separate statement on Friday the bourse regulator "has resolved" to suspend the trading of Serba Dinamik securities including all structured warrants relating to the company from 2.30pm on Friday until further notice in the interest of maintaining an orderly and fair market in the trading of Serba Dinamik securities. Bursa's decision to suspend trading of Serba Dinamik's securities until further notice could have been prompted by news quoting Serba Dinamik's Bursa filings that Serba Dinamik group managing director and chief executive officer Datuk Dr Mohd Abdul Karim Abdullah had sold the entire 55.9 million Serba Dinamik warrants directly owned by him. According to Serba Dinamik's Bursa filings on Thursday (Oct 21), the 55.9 million warrants represented 6.34% of Serba Dinamik's issued warrants.

Source: The Edge Markets October 22, 2021 13:57 UTC