"Accordingly, KNM would like to announce that an event of default has occured on 3 December 2021 in relation to the payment of the principal sum of the Thai Bonds."
As per their previous announcement they would not raise funding in time for the default. But under current bursa rules they are not pn17 similar to companies like airasia
New management cant do much... Learnt from ENRON... when new CEO came in, he didnt have the right forte to continue business trick as previous CEO.. then leak to auditors... delisted...
Any default is not good news but that was announced 2 weeks ago. This debt is already included in NAV which still values if you asset strip company at 50 cents which is the best option as the separate business worth much more selling than staying as a group. Just be patient
Now looking good. All bad news out. Company has over 200 mill cash, NAV 50 cents. Once it is public who has bought shares will help, then start selling companies and give lots of cash back to shareholders. Just bought more.
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Icon 888
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Posted by Icon 888 > 2021-12-01 15:49 | Report Abuse
U see la.. madam Gan mr Lee … in out in out