Posted by RojaknMojak > 2024-04-19 12:19 | Report Abuse

hmm I wager something is going on behind the scenes lol.

Why did TY not addressed the fall in share prices? surely he knows its detrimental to his reputation n knm. Even the CEO is quiet. During the german saga, they came out with news so fast.

Strange. Perhaps german guy sold to some group in SG and waiting for listing news? Perhaps perhaps. For him to sell down like this also doesnt make sense...the share price will be too low for him to recoup his losses.

Dont forget that TY has his turiya cases settled and MAA has a lot of money incoming. Things could get or may not get interesting.

Watching and thinking......

Posted by Adagold > 2024-04-19 23:34 | Report Abuse

German guy bought at high price earlier. Now he got 2 choice - either keep fighting or cabut. Looks like he want to cabut because he knows he can't fight. No royal family to baack him up, no police or MACC backing very hard to fight. So, looks like he choose to take loss and cabut. If continue to fight he will lose even more.

Posted by MrMojo > 2024-04-20 12:52 | Report Abuse

Cabut by selling blocks of shares to others. U really think he will sell at 5c ka. Lol

Posted by MrMojo > 2024-04-20 12:54 | Report Abuse

Holding 6% of knm is very very different from short term traders who only trade few hundred or 2k ringgit

Posted by MrMojo > 2024-04-20 12:58 | Report Abuse

Sit back n enjoy

Posted by Auntylee > 2024-04-26 19:18 | Report Abuse

RO dapat tak?

Posted by signn > 2024-04-27 12:07 | Report Abuse

Looks like they are using the new company act or law to apply for new agreement with creditors n a new RO.

New law does give more new things i am not sure but does again give creditors a vote to approve the debt agreement.
If majority votes ok, then will go thru.
I think last time hard to get all the creditors to agree la. Need all of them.Thats why dingdong so long.
This is what i think.

Maybe will be good this time round. Hopefully the listing in sg is soon also.
They need to step up n kasi news le

Posted by signn > 2024-04-28 19:33 | Report Abuse

woodswater. ya.
another one:
https://theedgemalaysia.com/node/707346

New act will help of course. How remains to be seen. They better hire well informed lawyers to kautim o. haha

Posted by signn > 2024-04-28 19:34 | Report Abuse

I am also waiting on the return on my investment in knm.

Buy or sell at your own risk.

Posted by signn > 2024-05-01 12:08 | Report Abuse

Interesting. From the 2023 report, knm still has a lot of properties worth millions.
With the exception of italy which they have just sold off, the rough total value is rm638mil.

Rough calculation
638mil/4045 shares= 0.157c
Properties alone is worth 15 16c for knm shares.
Of course not including debt, cash or IP....
No wonder german guy so interested last time eh?

Posted by TheEqualizer > 2024-05-01 12:42 | Report Abuse

I am beginning to think german sausage should really take over.
This management is really dang slow in implementing reforms.
Sell thai assets? 18 months dy Still cannot find buyer ar?
No buyer for uk peterborough? No way la.
U believe ka.
I for one wont vote on their resolutions.

Knm need new blood dy. Sheesh

Posted by RedEmperor > 2024-05-01 15:28 | Report Abuse

why have to sell peterborough and thai ethanol, they are both good assets. Once money come in from the borsig listing, these two promising assets would be able to generate profitable income. The Thai factory went into disarray all because of nepotism(you know I know everyone know who this giver and who the receiver were) having a novice in charge.

Posted by TheEqualizer > 2024-05-01 19:47 | Report Abuse

the Annual report 2023 did mentioned about monetising the thai and uk assets. This means to sell them. begs to question why after 18 months still nothing?
btw the uk asset is only an empty land. or someone knowledgeable can help enlighten us.
This management is slow.....very slow.
Thats why German should come in. We need new blood

Posted by KW L > 2024-05-02 10:57 | Report Abuse

KPMG gives disclaimer of opinion.

Posted by Auntylee > 2024-05-02 11:17 | Report Abuse

The best AR ever seen 🤣🤣🤣

Posted by MrMojo > 2024-05-02 13:47 | Report Abuse

I kinda regret voting for them last year when german guy was contesting.
This management seems to have no urgency at all...

Regret...

Posted by 11395861 > 2024-05-03 11:17 | Report Abuse

Congrats Mr Sardine......provocation n prooaganda....last touch PN 17

Posted by Auntylee > 2024-05-03 20:07 | Report Abuse

Mana Sardine, lamo tak koman???😁

Posted by jenabchen123 > 2024-05-05 20:43 | Report Abuse

Ayo... Ini kaunter, longkang mahu pegi ka??

Posted by MacDee34 > 2024-05-06 11:45 | Report Abuse

Here we go with KNM! AGM time again. Probably the last one this time. Tunku Dato’ Yaacob Khyra (TY), KNM's Chairman, and his syndicate of crooks cheated the last EGM and lost the election by more than 10%. But it does not seem to matter to anyone. I wonder what he is hiding inside of the KNM Books and records that he needs to take such risks?

Most of us knew TY would cheat the moment the details of the EGM emerged. German investor Andreas Heeschen made a well-intentioned yet naive attempt to salvage KNM, only to be outmaneuvered by TY’s manipulations, leaving the foreign investor wary of further Malaysian ventures. Instead of manning up and taking action, Heeschen went back to Germany with his tail between his legs. The German attempted to take over KNM with the wrong type of EGM enabling TY to activate his cheating.

A police report was made and an investigation has been underway for some time, 100’s of shareholders has been interviewed. KNM staff members, the Group CEO along with the COSEC have been remanded and questioned by Bukit Aman Commercial Crime Investigation Department (CCID). We all know how long it can take for Justice to be served in Malaysia if at all.

Posted by MacDee34 > 2024-05-06 11:46 | Report Abuse

Likely TY and his syndicate alongside the trusty former MAA CEO, now CEO of Bursa Datuk Muhamad Umar Swift have slowed the process and have manipulated the system. It is hard to say if justice will prevail and charges will be made against those involved in the fraudulent voting and forged proxy forms.

I just found a story from March that explains many of the details. With Swift as CEO of Bursa, we know, as usual, nothing will happen to TY even if he is caught red-handed. The third-tier prince from Negeri Sembilan has a long history of intimidation and paid connections that should allow him to successfully escape from liability. However, in recent times, it is rumored that TY has failed to deliver promises to most of his followers requiring him to prepay for his corruptions.

Posted by MacDee34 > 2024-05-06 11:53 | Report Abuse

Maybe that is why MAA had to loan KNM 2.1 million to pay KNM's CEO Ravindrasingham Balasingham (Ravi) salary. After all, someone will have to become the fall guy! He certainly does not deserve such a salary, nor is he entitled to it. He is not qualified in the world of engineering as we all know. When it comes down to it, we know he will escape to the UK where he is a resident, and live happily after.

Posted by MacDee34 > 2024-05-06 11:53 | Report Abuse

We can't forget that it was LSE who started the downfall of KNM with his ESOS games, insider trading, and illegal corporate activities. He brought TY to KNM when he and his family was ousted by shareholders and the authorities. Is it not hard to connect the dots when you learn that TY obtained his controlling shares from LSE in an off-market deal when he took control over KNM. Until these crooks are removed from KNM, it will do nothing but fail. nobody but other crooks will do business with KNM.

Posted by MacDee34 > 2024-05-06 11:54 | Report Abuse

The AGM is upon us, but all we have is the ability to remove the crooks temporarily. We know the remaining board will just reappoint the same crooks back like they did with Steven Ho last year.

This management team does not know how to blow up a balloon let alone run a process equipment business. I see only a liquidation by creditors as a solution now. at least that would achieve about 50% on the dollar for creditors, but shareholders will be left with nothing.

Everyone should read the story, and be aware that TY and his buddies at MCMC may block access to it. So be prepared to use a proxy to access it.

https://infopulsetoday.com/tunku-yaacob-knm-vote-rigging-scandal/

Posted by Auntylee > 2024-05-06 15:35 | Report Abuse

How come AR and auditors never disclosed that the top management had been remanded and questioned by police????🤔🤔🤔

Posted by Auntylee > 2024-05-07 08:39 | Report Abuse

Practice Note 17 (PN17) company Ireka Corp Bhd said its wholly-owned Ireka Development (Terengganu) Sdn Bhd (IDTSB) and the unit's directors are being sued by the Employee Provident Fund (EPF) over unpaid contributions to the fund. The construction outfit said EPF is claiming a principal sum of RM50,196, representing total outstanding contribution from August 2023 to December 2023, along with dividends and late payment charges to be determined upon full settlement of the amount claimed. Ireka said there is no major financial impact from the lawsuit as the claimed amount has been recognised in IDTSB's financial

Posted by signn > 2024-05-07 13:29 | Report Abuse

I got a feeling some people and group wants to push knm price down to buy.

They sound very desperate.....oho

Posted by Adagold > 2024-05-07 15:40 | Report Abuse

Woodswater,

Your Youtube clip is true. Malaysia is anti-Israel and pro-Palestine. That's why German guy have no choice but to exit the Malaysian scene and give up KNM because he supply arms to Israel. Even Tengku or royal family don't want to associate themselves with him. Other influential bodies like police or MACC also stay away from him. He is no more a threat to Tunku Yaacob and his team. They all have to prove themselves now without German guy disturbing them. But time is running out. Their deadline and the AGM is coming very soon.

Posted by 11395861 > 2024-05-08 11:51 | Report Abuse

The syndicate try push down price 0.05 cent.....buyback n run......are borsig listing at SGX.....no hope

Posted by MacDee34 > 2024-05-08 12:37 | Report Abuse

Woodswater, any spin-off of Borsig to a public market has always been a joke played on shareholders by TY. A company that derives its revenues and income from Iran is not going to qualify on any public markets. you would have to be very dense to believe otherwise.

Adagold, I find nothing to support your story about the German supporting Israel. We all support the freedom of Palasinte as does the majority of the world's people. Just because someone once holds shares of a company that sells arms to the world's police forces does not mean that he or his old company supports Israel. That is like saying that we should ban all durian farms because they have been found in Israel. Provide real evidence and maybe I will support what now is just false propaganda pumped by losers like Ravi and Steve Ho.

If someone wants to take over KNM, I don't think they care if it is at .065 or .05. so this is also nonsense. if they want to take over, then just do so. I think all shareholders would welcome any alternative to the do-nothing useless corrupt team that is wrecking KNM now. I would vote for my grab driver over TY any day to fix KNM. At least we would have a chance to find a non-corrupt person to run the company.

TY is broken and can't digest KNM like he planned. He is in too deep to survive. He is too arrogant to ask for help. He is cheating to stay in control in hopes of recovering by finding a buyer and under-the-table money from some of KNM's assets. but we are all watching. He won't get away with anything. Creditors first, second the shareholders.

Posted by RedEmperor > 2024-05-08 18:24 | Report Abuse

The way @MacDee34 strung his arguments to put down TY clearly shows that he is nothing but a vengeful person. He accused TY of corruption but provide no hard evidences. Go to the police or the securities commission of Malaysia, these are the two bodies that has the power to investigate.

Posted by SGX6138 > 2024-05-08 18:42 | Report Abuse

Woodswater,

All eyes are on Borsig listing in Singapore but unfortunately is delayed and most likely not able to meet its June deadline. Earlier suitors were the Singaporeans and Japanese but these have changed, causing more delay.

We all knew from the last EGM that KNM is a burning ship and Tunku and his team are trying to save it. At the moment things are still not going smoothly. I understand there could be a change of fortunes coming up by next week which will give back some confidence to investors. I am sitting back and crossing my fingers.

Posted by SGX6138 > 2024-05-08 18:47 | Report Abuse

Yes, Red Emperor. It's a corporate game. If they have evidence they should just lodge a police report about any wrongdoing by the Tunku. There are legal avenues and also the MACC. If any party is not indicted we cannot simply accuse.

On the same note, Flavio and Terrence Tan have been indicted and investigated for corruption at KNM and will face and answer to their charges.

Posted by Auntylee > 2024-05-08 20:06 | Report Abuse

MACC hotline 1800 88 6000
PDRM 999

Posted by signn > 2024-05-09 12:02 | Report Abuse

thx for the info SGX hoping for the best too

Posted by Orson Chin > 2024-05-09 16:17 | Report Abuse

Info agx??? What news ??? I search nth so far

Posted by UpUpRocket > 2024-05-11 22:52 | Report Abuse

Tunku buying up more shares via his MAA Group.
https://www.thestar.com.my/business/business-news/2024/05/11/maa-raises-stake-in-knm-group-to-135#:~:text=PETALING%20JAYA%3A%20MAA%20Group%20Bhd,loss%20making%20KNM%20to%2013.54%25.

Posted by UpUpRocket > 2024-05-11 22:57 | Report Abuse

On top of that Tunku has to borrow 13m from MAA just to pay arrears of salaries and EPF.
He really has to go to great lengths just to save the burning ship.

Compared to some former management staff who stole 10m from the company and are now under investigation with court case to answer.

Posted by UpUpRocket > 2024-05-11 23:01 | Report Abuse

Especially the ungrateful guy who brought down the Lee family. All the problems that KNM are facing today started with that episode. He was trusted by the Lee family and turned around to bite the hand that fed him. He was plucked from a boring dead end job running outstation hotels and resorts and given a hefty salary by the Lee family. I guess he got greedy and wanted more so he conspired with that Italian Flavio guy to overthrow the Lees.

Posted by Auntylee > 2024-05-13 08:18 | Report Abuse

Upup rocket , pi report SPRM

Posted by UpUpRocket > 2024-05-13 08:42 | Report Abuse

Auntylee, oredi reported officially. That's why court case ongoing.

Posted by Selena Yeoh > 2024-05-13 08:49 | Report Abuse

Actually reporting MACC is easy. But there are too many cases. It's hard to instruct or to order the MACC guys to investigate. I once took a thick file to MACC HQ to make a report. After that I waited month after month and no action was taken against the guy I reported. Unless you know some officers in MACC, especially the high-ranking ones, otherwise just reporting no use.

Posted by Auntylee > 2024-05-13 09:08 | Report Abuse

Upup rocket 👍
Selena yeoh
Report to PMX

Posted by jenabchen123 > 2024-05-13 09:09 | Report Abuse

Today a bit jumpy upward. Anybody know what is going on??

Posted by jenabchen123 > 2024-05-13 09:49 | Report Abuse

Someone praying for KNM to die... But Malaysian gives the company lifeline for another days to pursue its mission. Go go KNM

Posted by Auntylee > 2024-05-13 09:56 | Report Abuse

Jenachen👇
The Board of Directors of MAAG wishes to announce that the Company has acquired to date over the period from 8 February 2024 to 10 May 2024 via direct business transaction a total of 201,475,000 ordinary shares of KNM Group Berhad (“KNMG”) at an average price of RM0.165 per share, representing 4.98% of the total issued share capital of KNMG for a total purchase consideration of RM33,243,375

Posted by Auntylee > 2024-05-13 09:56 | Report Abuse

Huat ah! Ong Ah!
KNM bangkit liao 😁

Posted by doubleup > 2024-05-13 16:46 | Report Abuse

There is very good news otw. Maybe some ppl closest to the company got wind of it and spread. I'm loading up little bit also but I cannot confirm at this moment. All I can say it's Borsig news. Will be confirmed soon. Once it's a done deal I will update, hopefully before it's official. Then we make more money together.

Yeah, there are sourgrapes people and ungrateful people who want to see KNM go down. They will be disappointed. Tunku and his team have so much at stake, they will fight very hard to save the ship.

Posted by jenabchen123 > 2024-05-16 08:29 | Report Abuse

Yeah Double up. Do let us know upfront when to double up.

Posted by MacDee34 > 2024-05-16 13:13 | Report Abuse

WOW, Tunku Yaacob is so incompetent he can't complete a normal audit.