Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
nazr011, if you look back to Serba announcement they only announced it end of May 2021 while the meeting between KPMG and management already took place earlier that month. EPF still buying it during that period until the announcement out, then KWAP was the first who disposed millions of shares when share price fall to about 80c ,followed by EPF and other institutions. The thing that different from Gtronic is that KPMG never resigned as Serba auditor when they raised red flag, until end of June.
The problem now should be the selling pressure by big institutions. Some might not want to repeat their mistakes in Serba. I remembered EPF still buying shares few days before the audit announcement by Serba.
if not mistaken KPMG never immediately resign when Serba audit issues made known to public at the end of May 2021. They only resigned after Serba sued them in June 2021. They highlighted the problem to management earlier therefore Serba changed their financial year end because audit can't be completed on time.
