Serba Dinamik confirms receiving writ of summons from Malaysian Trustees

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KUALA LUMPUR: Serba Dinamik Holdings Bhd mentioned it obtained the Writ of Summons from Malaysian Trustees Bhd on May 18, 2022.

“The board of administrators of Serba Dinamik needs to reiterate that the corporate is taking steps to acquire the help of Malaysian Trustees concerning the appliance for a court-convened assembly of its collectors and the appliance for a restraining order to be granted over the corporate,” it mentioned in a submitting to Bursa Malaysia.

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Serba Dinamik mentioned this in response to Bursa Malaysia’s question to make clear on an article which said that Malaysian Trustees has filed a civil go well with towards the corporate after it defaulted on debt papers.

Malaysian Trustees is the trustee of Serba Dinamik’s RM100 million Islamic Commercial Papers (ICP) that the corporate has defaulted on.

It was reported that Malaysian Trustees is looking for a declaration {that a} dissolution occasion has occurred on the ICP, along with an order to compel the corporate to pay the mentioned excellent quantity, with compensation for late fee.

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Malaysian Trustees can be looking for to execute a sale settlement with Serba Dinamik to accumulate from the beleaguered oil and gasoline outfit its total useful curiosity within the Shariah-compliant enterprise of Amanahraya Investment Management Sdn Bhd, as half of the settlement beneath the dissolution of the ICP. – Bernama



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