Serba Dinamik Bond Tumbles After Auditor Raises Questions

Serba Dinamik Holdings Bhd.’s dollar bond tumbled at a record pace and its share trading was suspended after it said questions were raised by its external auditor.

The Malaysian engineering service company’s “board of directors was informed by the external auditors on some matters pertaining to statutory audit,” the company said in a filing to stock exchange on May 25. It’s in the midst of “appointing an independent firm to commence a special independent review to assess the veracity and accuracy of the matters.” Wednesday was a holiday in Malaysia.

The auditor KPMG “identified certain risk factors that require ...