KUALA LUMPUR (May 26): KPower Bhd says today that the group and Serba Dinamik Holdings Bhd are two distinct and separate entities that are run independently of each other, save for having the same major shareholder and director in Datuk Dr Mohd Karim Abdullah. In a statement, KPower said Mohd Karim, as its non-independent and non-executive chairman, is also not involved in the day-to-day operations or management of the group. Mohd Karim is group managing director and chief executive officer at Serba Dinamik. Mohd Karim holds a 26.93% stake in Serba Dinamik as at March 19, and has 32.14% in KPower as at Jan 14.
