- A + A KUALA LUMPUR (May 25): Serba Dinamik Holdings Bhd group managing director (MD) and group chief executive officer Datuk Dr Mohd Abdul Karim Abdullah has been forced to sell more shares — this round involving 16.99 million shares representing a 0.458% stake — in the troubled oil and gas outfit. The forced disposal of the shares was done in two blocks of 3.54 million and 13.45 million shares on Monday (May 23) and Tuesday (May 24) respectively, the company's bourse filings showed. The first block crossed at 12 sen apiece, while the second larger block was let go at 10.5 sen apiece. The transactions amounted to RM1.84 million. This latest round of forced selling has trimmed his stake in Serba Dinamik to 20.368% or 755.57 million shares. Prior to that, Mohd Abdul Karim held 772.57 million shares or 20.826% in Serba Dinamik — after he was forced to sell 5.15 million shares or 0.139% — at 15 sen a share on May 20. With the latest disposal, Mohd Abdul Karim has … [Read more...] about Serba Dinamik MD Abdul Karim forced to sell more shares
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Serba Dinamik top active counter, up 20%
- A + A KUALA LUMPUR (May 26): Serba Dinamik Holdings Bhd was the top most active counter on Bursa Malaysia on Thursday morning (May 26) and its share price was up 20% or two sen to 12 sen. Trading volume stood at 68.2 million shares as at the time of writing. On Wednesday, Bursa filings showed that Serba Dinamik group managing director and chief executive officer Datuk Dr Mohd Abdul Karim Abdullah had been forced to sell more shares in the company — this round involving 16.99 million shares representing a 0.458% stake. The filings showed that the forced disposal of the shares was done in two blocks of 3.54 million and 13.45 million shares on Monday and Tuesday respectively. The filings also showed that the latest round of forced selling trimmed his stake in Serba Dinamik to 20.368% or 755.57 million shares. A few weeks ago, Serba Dinamik and its four top executives that included Mohd Abdul Karim were given a discharge and acquittal after paying RM16 million in … [Read more...] about Serba Dinamik top active counter, up 20%
Bursa closes higher on buying support
- A + A KUALA LUMPUR (May 25): Bursa Malaysia snapped a four-day losing streak to end higher on Wednesday (May 25), supported by buying demand for selected financial services and plantation counters amid cautious sentiment on regional bourses, dealers said. Public Bank Bhd and IOI Corp Bhd were the top two gainers, rising five sen to RM4.55 and 12 sen to RM4.24 respectively, and contributing a total of 2.97 points to the FBM KLCI's gains. At 5pm, the benchmark index closed 4.26 points, or 0.28%, higher at 1,535.56, from Tuesday’s close at 1,531.30, after hovering between 1,531.22 and 1,538.82 throughout the day. The KLCI opened 0.47 of a point higher at 1,531.77. However, market breadth was negative with decliners outpacing advancers 586 to 310, while 437 counters were unchanged, 976 untraded and 24 others suspended. Total turnover fell to 2.34 billion units worth RM1.8 billion from 3.6 billion units worth RM2.09 billion on Tuesday. Rakuten Trade Sdn Bhd … [Read more...] about Bursa closes higher on buying support