KUALA LUMPUR (Sept 8): Serba Dinamik Holdings Bhd co-founder and non-independent director Datuk Awang Daud Awang Putera was forced to sell 1.8 million shares today, a bourse filing showed.

Following the disposal of the shares, his stake in Serba Dinamik stands at 23.63 million shares or 0.637%.

The last time Awang Daud was forced to sell his shares was around end-June when he had to dispose of 22.7 million shares on June 28 and 4.25 million shares on June 30.

To date, he has been forced to dispose of 28.75 million shares, equivalent to 0.78% of the group’s outstanding shares.

Besides Awang Daud, Serba Dinamik group managing director Datuk Mohd Abdul Karim Abdullah had also been forced to sell his shares in July.

The latest forced selling by Mohd Abdul Karim was announced on July 5, totalling 32.18 million shares.

Serba Dinamik fell 0.5 sen or 1.3% to close at 39.5 sen, giving it a market capitalisation of RM1.47 billion.