At least one broker is requiring investors to pay cash upfront to buy shares of Serba Dinamik Holdings Bhd. This means the standard practice of the T 2 settlement cycle will not apply for the oil and gas services company for the time being. A source from RHB Investment told StarBiz that Serba Dinamik securities are considered as high-risk.
PETALING JAYA: After several rating downgrades and hitting limit-down for two consecutive days, at least one broker is requiring investors to pay cash upfront to buy shares of Serba Dinamik Holdings Bhd
.
This means that the standard practice of the T+2 settlement cycle will not apply for the oil and gas services company for the time being.
A source from RHB Investment told StarBiz that Serba Dinamik securities are considered as high-risk.
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