KUALA LUMPUR (April 28): Datuk Syed Zaid Albar has tendered his resignation as the executive chairman of the Securities Commission Malaysia (SC), just six months after his term was extended for a three-year period. However, Serba Dinamik ignored a court order to reveal the October 2021 factual finding update (FFU) of the SIR. Bursa has suspended the trading of Serba Dinamik shares since Oct 22 last year amid the company’s refusal to release the FFU. Since the accounting-turned-legal fiasco, Serba Dinamik’s performance has turned south and it booked its first-ever losses in the second half of 2021. There has been no update by Serba Dinamik on any action taken by its lenders following the matter.

Source: The Edge Markets April 28, 2022 06:48 UTC