Bursa Securities has responded to Serba Dinamiks Originating Summons on various issues pertaining to actions taken against the company including suspension of trading of its stock in the Main Market. In a press statement issued to BusinssToday, Bursa made reference to the media releases dated 22 October 2021 and 27 October 2021 in relation to the status update on the Special Independent Review of SERBADK and the trading suspension of its securities.
The Securities confirmed that it had received an Unsealed Originating Summons and Unsealed Notice of Application for an Interim Injunction from Serba Dinamik.
As for the OS, Bursa Securities states that as a frontline regulator of the capital market, it is entitled to exercise its power pursuant to the listing requirements in the interest of maintaining an orderly and fair market. Timely disclosure of material information is a key pillar of ensuring the market is well informed of the information and all investors are treated equally and able to trade on equal footing in terms of parity of disclosures. This it said is paramount to enable the bourse to discharge its statutory duty.
With regard to the legal proceeding, Bursa Securities has said that it had engaged a legal counsel to advise on this matter and the next course of action.
The Securities had reiterated that it will be defending its position vigorously and will not abdicate its statutory roles and functions in the marketplace
