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SERBA DINAMIK HOLDINGS BERHAD (SDHB OR THE COMPANY) CLARIFICATION IN RELATION TO AN ARTICLE ENTITLED "SERBA DINAMIK SLOWS M&A AFTER US ACQUISITION TRAIL" WHICH APPEARED IN THE FOCUSM, PAGE 16, MAY 5 - 11, 2018

BackMay 08, 2018
Type Announcement
Subject OTHERS
Description

SERBA DINAMIK HOLDINGS BERHAD (SDHB OR THE COMPANY) CLARIFICATION IN RELATION TO AN ARTICLE ENTITLED "SERBA DINAMIK SLOWS M&A AFTER US ACQUISITION TRAIL" WHICH APPEARED IN THE FOCUSM, PAGE 16, MAY 5 - 11, 2018

Reference is made to an article published in the Focus Malaysia on page 16 of its Weekly Issue for the period from May 5 to May 11, 2018 entitled “Serba Dinamik Slows M&A After US Acquisition Trail”, in particular, the following statement: -

 

According to Karim, one of the companies it plans to acquire is based in Switzerland and specialises in gas turbines, while another is a boutique engineering company based in the Netherlands.”

 

The Board of Directors of SDHB wishes to clarify that as part of SDHB and its group of companies (“Group”)’s expansion plans, the Group has been continuously on the lookout for opportunities to acquire companies, including but not limited to technology-based companies, that are able to provide synergies to its current business that can enhance the Group’s competitiveness and geographical presence.

 

In conjunction thereto, the Company wishes to confirm that it has entered into preliminary negotiations in relation to the abovementioned proposed acquisitions and will release further announcement(s) once definitive agreement(s) has been entered with all relevant parties pursuant to the ongoing negotiations.

 

This announcement is dated 8 May 2018.

 

Announcement Info

Company Name SERBA DINAMIK HOLDINGS BERHAD
Stock Name SERBADK
Date Announced 08 May 2018
Category General Announcement for PLC
Reference Number GA1-08052018-00026
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