KUALA LUMPUR (Jan 11): Bursa Malaysia Securities Bhd's application to compel Serba Dinamik Holdings Bhd to disclose the factual findings update (FFU) of its special independent review will be decided on Jan 27. The legal action was taken due to Serba Dinamik's "failure to comply" with the stock exchange's directive on Oct 22 for the disclosure. Bursa says FFU is not hearsay evidenceBursa previously submitted that the FFU is not a hearsay document as claimed by Serba Dinamik. "In substance, it is these documents that Serba Dinamik wants to keep as a mystery and secret," Loh asserted. The issue with Serba Dinamik first came up when its external auditor KPMG raised certain issues involving its financials for the 12 months ended Dec 31, 2020.

Source: The Edge Markets January 11, 2022 15:08 UTC