The Securities Commission Malaysia (SC) has imposed a maximum compound of RM3 million each against Serba Dinamik Holdings Bhd, its chief executive officer (CEO), executive director and two officers for submitting a false financial statement to Bursa Malaysia Securities Bhd.

The SC said the individuals involved were Serba Dinamik CEO and group managing director Mohd Abdul Karim Abdullah, executive director Syed Nazim Syed Faisal, group chief financial officer Azhan Azmi, and accounts and finance vice-president Muhammad Hafiz Othman.

“Hafiz was also issued with another...