By Serba Dinamik Holdings Bhd
WE refer to the blog headlined Serba Dinamik: A Ponzi Scheme? which was published on the i3Investor website on June 26 (Saturday).
Serba Dinamik Holdings Bhd and its group of companies wishes to deny any element of manipulating investors and Ponzi scheme (within the company).
On June 21, Serba Dinamik has released a detailed announcement (clarification on an article entitled Serba Dinamik in the Eye of the Storm) to clear the air over the ownership model of Block 7 Investments LLC and denied any related party transaction when the RM7.7 bil Block 7 contract was awarded to the company.
In the announcement as well, Serba Dinamik has clarified that it has yet to record any revenue for the EPC (engineering, procurement and construction) contract and have incurred some preliminaries consultants’ fees.
Currently, the said project is in the stage of concept master planning design and securing approval from the respective relevant Abu Dhabi authorities. As explained, the project with Block 7 is legitimate and stands to provide stable future earnings for the Group business in EPC segment.
On top of that, Serba Dinamik is a global technical and commercial service provider that is involved in multitude of sectors such as EPC, industrial operation & maintenance (O&M), information technology (IT), education and training as well as other businesses.
Over the years, the group is able to sustain a healthy revenue and profit as it has diligently expanded its business and won contracts globally.
The recent blog headline mentioned above has categorically disregarded both the announcement and the business structure of Serba Dinamik to craft a concept of Ponzi scheme around Serba Dinamik and the group.
To-date, Serba Dinamik has never manipulated its investors and any news regarding contract wins is only the standard duty of any company to inform its investors. The company reiterates its commitment to resolve the various issues surrounding it soonest possible.
Serba Dinamik believes that the content of the article is driven by malicious intent and has lodged a police report and an MCMC (Malaysian Communications and Multimedia Commission) report under the Defamation Act 1957.
Serba Dinamik is also requesting the author to take down the article within 24 hours followed by an apology statement regarding the article.
Serba Dinamik shall pursue necessary legal actions should the requests above are not fulfilled. – June 27, 2021
Serba Dinamik is a global integrated oil & gas (O&G) service provider which is listed on the Main Market of Bursa Malaysia.
The views expressed are solely of the author and do not necessarily reflect those of Focus Malaysia.
