1. ORDINARY RESOLUTION Description PROPOSED PRIVATE PLACEMENT OF UP TO 987,517,700 NEW ORDINARY SHARES IN KNM TO INTERESTED PLACEE(S) AND INDEPENDENT PLACEE(S) Shareholder’s Action For Voting Voted For Against No. of Shareholders 115 163 No. of Shares 203,128,516 333,937,123 % of Voted Shares 37.8200 62.1800
LSE won't unload his shares in open market, he will look for synergistic party to buy if he wish to unload. His cost is quite high, watch out for new substantial shareholders to appear in coming days
actually, up until yesterday, gan siew liat and lee swee eng was running the company. today Terrence and flavio took over. the lee supporters all purged. it is clear the financial community supports these changes. let's see what Terrence can accomplish for a while. and let's see who joins the board in the next weeks. I think things are going to get very interesting.
Dear like minded minority shareholders, I read the corporate board changing of directors as the most positive chapters in the history of KNM . The retiring of two 70 plus years old directors and the Lees, will able to allow injection of new bloods into this ‘Old man club” infrastructure energy company .This is a new beginning for KNM with the CEO ,Terence tan and new executive director taking charge to rationalize and position the company. The company has assets of RM3.8b and debts of RM1.4 b with NTA of 60cts . I m very sure by selling off the problematic projects in Thailand rm 400M and London £60m, will be able to free a lot of working capitals. The borsig and Italy are the jewels that can position for corporate listing in Europe or even listing in China as this specialist process equipments is technically very well position in the petrochemicals industry. We do not need to do any private placement like what Lee’s proposed. The company just need to rationalize and our share price will be near to NTA soon . We are all hopeful that new institutional investors will be able to see the potential of this company . Congratulation to all of us who manage to vote yesterday and make this unbelievable and impossible tasks happened . Cheers to great value for KNM .
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
bookerhoot9eee
117 posts
Posted by bookerhoot9eee > 2021-06-29 12:51 | Report Abuse
good news ?