KUALA LUMPUR (June 25): Based on corporate announcements and news flow today, companies in focus on Monday (June 28) may include: Serba Dinamik Holdings Bhd, IOI Corp Bhd, HB Global Ltd, Malaysia Airports Holdings Bhd, MY EG Services Bhd, Yinson Holdings Bhd and MyNews Holdings Bhd. Five independent and non-executive directors of Serba Dinamik Holdings Bhd have resigned from the board, with four of them citing differences in opinion with the company over the decision to take legal action against KPMG PLT, its external auditor who has since resigned following the lawsuit. Meanwhile, the group’s substantial shareholder Employees Provident Fund (EPF) disposed of another 34.65 million shares in Serba Dinamik on June 22. Following the latest sale of shares, EPF has disposed of over 85 million Serba Dinamik shares since the start of the month, reducing its stake in the group to 7.632% as at June 22. On a quarter-on-quarter basis, net profit leapt 67.16% from RM67 million while revenue slipped 20.45% from RM1.25 billion in the preceding quarter.

Source: The Edge Markets June 25, 2021 16:07 UTC