Shares in Serba Dinamik Holdings Bhd rose 15% in the mid-morning on Wednesday (June 1) after national oil firm Petroliam Nasional Bhd (Petronas) renewed the licence for Serba Dinamik Sdn Bhd (a unit of Serba Dinamik) to continue offering supply and services to the national oil and gas company and its contractors, effective May 30, 2022, for a one-year term.

At 10.21am, Serba Dinamik had added 1.5 sen to 11.5 sen, with 53 million shares traded.

In a bourse filing on Tuesday, Serba Dinamik said the licence stipulates that the company shall, within one year from the effective date, submit its audited financial statements for the financial year ending June 30, 2022, duly accompanied by the auditor’s unqualified opinion.

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Serba Dinamik receives one-year licence renewal from Petronas