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SERBADK (5279): SERBA DINAMIK HOLDINGS BHD MD: Daily operations running as usual, group revamp if needed

KUALA LUMPUR: Despite the daunting challenges, the day-to-day operations of global integrated engineering services provider Serba Dinamik Holdings Bhd are still running as usual and remain relevant as an intact Bumiputera company.

Group managing director and chief executive officer Datuk Dr Mohd Karim Abdullah acknowledged that the issue of external auditor needed the management's attention, but each branch of the group's business remained focused on their respective roles.

"In the current situation, the business continues to run and Serba Dinamik remains committed to giving dividend returns to shareholders," he told Bernama on Friday.

Mohd Karim did not rule out the possibility of a change in the group's organisational structure in ensuring that corporate governance is strengthened in accordance with the principles of the Malaysian Code on Corporate Governance.

He said Serba Dinamik was also in discussions with several international banks to get business loans so that every plan could be implemented.

"Businesses should have some forward moves to provide business capital and for now, we have held several discussions with international banks for the provision of working capital," he said.

Mohd Karim said the companies in the Serba Dinamik group continue to show interesting developments in every branch of business at home and abroad.

He said the original equipment manufacturer's (OEM) business remained relevant today driven mainly by the rise in world crude oil prices to above US$70 a barrel.

"It gives a lucrative margin with a projection of 17 per cent compared to other players in the upstream oil and gas market. This is a projection of the sector, particularly the OEM-based business which is quite encouraging,” he said.

Apart from that, Mohd Karim said the Serba Dinamik exploration in the space economy was also on schedule and would set up new subsidiaries to venture into the space industry.

According to him, the subsidiary will manage its involvement in the industry through capacity building and partnerships with various agencies as well as international players.

In March, Serba Dinamik announced a partnership with the Malaysian Space Agency (MYSA) to further strengthen the economic development and space industry in Malaysia.

The group also said that Malaysia was not yet involved in the new space economy although it was ready to do so.

Meanwhile, MYSA also took the initiative through the Ministry of Science, Technology and Innovation (MOSTI) to introduce the Malaysian Space Board Bill 2020 which was tabled for first reading last year.

In the same development, Mohd Karim said, the Serba Dinamik plan is to venture into the space economy to connect information and communication technology.

This is because, he explained, it is one of the core competencies in the company through Internet connection to areas, especially those who still do not have Internet connection in the state which is supplied or not supplied with satellite technology.

"This is important to support the company’s various initiatives on the technology gap that requires broadband and Internet connections to realise its use,” he added.

Mohd Karim also said that the provision of facilities and infrastructure indirectly opened up a larger market for related industries under the Fourth Industrial Revolution.

Serba Dinamik has also signed a memorandum of understanding with SWISSto12, which specialises in component manufacturing technology for use in satellites via Swiss-based 3D printing.

Through the collaboration, Serba Dinamik will enhance its capabilities in the high-value engineering fields needed to support the space economy. - Bernama

https://www.thestar.com.my/business/business-news/2021/06/25/serba-dinamik-md-daily-operations-running-as-usual-group-revamp-if-needed

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