Similar applications are filed by Serba Dinamik’s subsidiaries

SERBA Dinamik Holdings Bhd has filed a motion for a stay of the winding-up petition order granted by the High Court, pending its appeal to the Court of Appeal.

Similar applications are filed by Serba Dinamik’s subsidiaries Serba Dinamik Sdn Bhd, Serba Dinamik International Ltd and Serba Dinamik Group Bhd.

It told Bursa in an announcement yesterday that the court has fixed the case management date on Feb 2, 2023.

To recap, the High Court had on Jan 10 allowed a petition by six financial institutions to wind up Serba Dinamik Holdings and its three subsidiaries over the debts amounting to about RM5 billion.

The petition to the High Court was filed by Standard Chartered Saadiq Bhd, HSBC Amanah Malaysia Bhd, AmBank Islamic Bhd, MIDF Amanah Investment Bank Bhd, United Overseas Bank (M) Bhd and Bank Islam Malaysia Bhd. — TMR / pic TMR File