Friday 01 Dec 2023
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KUALA LUMPUR (July 7): The High Court here on Friday (July 7) has approved liquidator Victor Saw Seng Kee's application for authorisation to continue the operations of Serba Dinamik Holdings Bhd (SDHB) and three liquidating companies for 365 days starting from July 9, 2023 until July 8, 2024.

This is necessary for the beneficial winding-up of the companies, namely SDHB, Serba Dinamik Group Bhd (SDGB), Serba Dinamik Sdn Bhd (SDSB), and Serba Dinamik International Ltd.

The application was allowed by judge Ahmad Murad Abdul Aziz on Friday (July 7) following the hearing on Saw's application.

Lawyer Charmaine Choong of Lim Chee Wee Partnership appeared for Saw while Tang Kah Weng appeared for the bilateral lenders.

Saw, who is from PriceWaterhouseCoopers Advisory Sdn Bhd, was officially appointed as liquidator by the High Court on Jan 10, after the court had allowed the winding-up petition of SDHB and the three companies, including SDGB.

Serba Dinamik fell into Practice Note 17 status on Jan 6, after its external auditor expressed a disclaimer of opinion on the group's audited financial statements for the 18-month financial period ending June 30, 2021.

Last month, it was reported that SDHB said in a Bursa Malaysia announcement that it was finalising its financial report for the third quarter ended March 31, 2023.

Edited ByIsabelle Francis
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