Trading of the company’s shares had been suspended since Oct 22, 2021 due to its failure to comply with Bursa Malaysia’s directive.

As at 11am, the company’s shares fell by 21 sen to 14 sen from its last closing price of 35 sen, with 3.88 million shares traded.

Kenanga Research in a note today said investors’ attention on the corporate front will likely be on Serba Dinamik as trading of its shares resumed after a long suspension period.

Last week, Serba Dinamik said it was looking into formulating a plan to regularise its financial condition, adding that it was required to submit the plan within eight months to the relevant authorities for approval.

The company said it will make the necessary announcement on the Regularisation Plan in accordance with the requirements under Practice Note 17 (PN17).