The warrants have tenure of five years.
According to court documents sighted by The Edge, the finanical institutions that filed the action are AmBank Islamic Bhd, Standard Chartered Saadiq Bhd, HSBC Amanah Malaysia Bhd, MIDF Amanah Investment Bank Bhd, United Overseas Bank Malaysia Bhd and Bank Islam Malaysia Bhd.
What would the phase be? SERBA Dinamik Holdings Bhd directors have become net buyers of the company shares over the past two weeks while institutional investors were net sellers.