Serba Dinamik Group in a filing to Bursa has stated that it has defaulted on its payment for Tawarruq Term Financing-i provided by Affin Islamic Bank Berhad, the amount is in the region of RM34 million.
The PN17 listed company which has been in turmoil since 2021 said the reason behind the default was due to the winding up of SDGB and had triggered the event of default. The group said it had reached out to Affin Bank to discuss an outcome that serves the best interest of both parties.
PricewaterhouseCoopers has been appointed as Liquidator, in the event the default payment the lines of action available include Affin Bank having the first legal charge over a building held under HSD 143324, Lot No. PT 18, Section 14, Town of Shah Alam, District of Petaling, State of Selangor Darul Ehsan bearing postal address Menara Serba Dinamik.
