27 June 2021
We refer to the blog headline above which was published on the KLSE Investor website:
https://klse.i3investor.com/blogs/expertanalyst/2021-06-26-story-h1567055294-Serba_Dinamik_A_Ponzi_Scheme.jsp on 26 June 2021.
Serba Dinamik Holdings Berhad (‘Serba Dinamik’) and its group of companies (‘the Group’) wishes to
deny any element of manipulating investors and Ponzi Scheme. On 21 June 2021, Serba Dinamik has
released a detailed announcement [Clarification on Article titled ‘Cover Story: Serba Dinamik in the Eye
of the Storm’] that clarified the ownership model of Block 7 Investments LLC (‘Block 7) and denied any
related party transaction when Block 7 contract was awarded to RM 7.7 billion.
In the announcement as well, Serba Dinamik has clarified that it has yet to record any revenue for the
EPC contract and have incurred some preliminaries consultants’ fees. Currently,…