Mak Lin Kum appeared for Serba Dinamik and its subsidiaries — SD Controls Sdn Bhd, Serba Dinamik Development Sdn Bhd, Serba Dinamik Group Bhd (SDGB), and Serba Dinamik Sdn Bhd (SDSB). "The financial institutions negotiated for safeguards like the appointment of monitoring accountants as well as independent financial advisers to oversee Serba Dinamik," they said. The creditors proposed Victor Saw Seng Kee, a licensed liquidator of PricewaterhouseCoopers Advisory Services Sdn Bhd, to act as liquidator for Serba Dinamik, SDGB, SDSB and SDIL. The court documents said SDGB, SDSB and SDIL were named as the security parties under the syndicated term financing. Read also:Banks reach settlement with Serba Dinamik on scheme of arrangement
