In June, Serba Dinamik appointed three new independent directors including current chairman Datuk Mohamed Ilyas Pakeer Mohamed. The suspension came as Serba Dinamik declined to make public the SIR findings from EY. “We disagree with the position taken by Serba Dinamik. Since its listing in 2016, Serba Dinamik has shown stellar year-on-year growth in its financial performance. For the 18-month period ended June 30, 2021, Serba Dinamik posted a net profit of RM759.98 million on revenue of RM8.6 billion.

Source: The Edge Markets November 12, 2021 13:54 UTC