Posted by Dav Yau > 2024-05-16 15:46 | Report Abuse

Ada Udang Disebalik Batu ....ke
Or KNM cannot complete a normal Audit. Very very Scary Scary Nights,!!!!!!

Posted by 11395861 > 2024-05-17 10:45 | Report Abuse

Where are sardin@81.....propaganda n provacator

Posted by RedEmperor > 2024-05-21 19:46 | Report Abuse

Ada orang nak kacau kacau!!!

The Board of Directors of the Company wishes to announce that the Company has on 21 May 2024, received a written notice from Messrs. Cheang and Ariff, representing the following members of the Company:

Tan Khye Yinn
Chang Hui Kee
Mah Wai Leon
Wang Hee Heng
in relation to their intention to propose the persons named below for election to office as Directors of the Company at the forthcoming Annual General Meeting of the Company scheduled to be held on Thursday, 6 June 2024, in accordance with and pursuant to Article 116(i) of the Constitution of the Company:

Wong Toh Sing
William H Vanvliet III
Wan Kamaruddin Bin Wan Mohamed Ali
Sakthi Kumar A/L Ramadas
Further development on the above matter will be announced to Bursa Malaysia

Posted by Auntylee > 2024-05-21 21:52 | Report Abuse

Red emperor
Ini Team Mana punya? United Nations, Asean?😁

Posted by Auntylee > 2024-05-21 21:54 | Report Abuse

Berapa % share ada from
Tan, Chang, Mah dan Wang?

Posted by Orson Chin > 2024-05-22 01:07 | Report Abuse

Hold more than 40% ? Lolz… German guy out.. now another come again?

Posted by 11395861 > 2024-05-23 11:16 | Report Abuse

No way to listing Borsig to SGX....because status already Pn 17

Posted by stncws > 2024-05-23 11:47 | Report Abuse

monitor closely for next AGM battle !

Posted by theboss9009 > 2024-05-23 12:06 | Report Abuse

dia org mau rebut ka mau gaduh ka itu share price kasi naik la weiiii wa sangkut ni 😂😂😂

Posted by purple70 > 2024-05-23 15:14 | Report Abuse

doubleup

What a pity that youseem to see value in Tunku Ya (ling) kup....HE has never had any successs story!

His CEo, a fool by name of Ravi has a contract fo RM2.1mill pa , doing nothing! He is paid more than many FBMI30 profit making co! That too, since KNM doesnt have money, they have taken loan from - gues who - yes MAA grp to pay for his salary!

Whta has that fellow achieved, a failure at MMM, another Tunk Ya (ling) up co and many previous TY Co's that he had worked for!

Cant find a Malaysian to work here that you need a UK PR or CITIZEN (forer Msian citizen) to be able to find his only job here?

Posted by purple70 > 2024-05-23 15:16 | Report Abuse

Almost 5% of shares changed hands to day!

Mati lor TY!

Posted by purple70 > 2024-05-23 15:17 | Report Abuse

Already making money from purchase of 3 weeks ago!

Posted by Alex Chua > 2024-05-23 15:19 | Report Abuse

Another bottle coming? Buy and sell after agm?

Posted by purple70 > 2024-05-23 15:50 | Report Abuse

Large blocks of share are being traded regularly, ie 50K to 400K shares!

Where r the CYTRO's of TY n CEO Ravi? Gone missing here!

Posted by purple70 > 2024-05-23 15:50 | Report Abuse

I will surely vote the new team!

Posted by doubleup > 2024-05-23 16:45 | Report Abuse

purple70

Sad to say but I agree with you. That Ravi guy really useless. After ciao 2m he can talk and do any nonsense. If the ship sinks he just run away. If I'm not mistaken, as CEO he is doing more harm than good. I hope Tunku realize and don't listen to him anymore.

Posted by purple70 > 2024-05-23 18:37 | Report Abuse

Dont heap praises on TY...HE is using RAvi to do loads of matters...Soon, the new team will have forensic audit done and as usual the ELITIST in the country will escape and put the blame on Ravi- the UK PR holder or citizen by now?

Posted by MacDee34 > 2024-05-23 21:21 | Report Abuse

Ravi is just a TY puppet like the rest of the BOD. I am voting to remove them. They are just opportunist finding ways for personal enriching themselves and TY from the assets. 2.1m for Ravi is a bribe. He si not with 5k a month. They must be ousted.

Posted by stncws > 2024-05-24 09:31 | Report Abuse

flag chart is expected. .next week

Posted by newbie9893 > 2024-05-24 10:30 | Report Abuse

KNM will spike up anytime from now onward....go...go...go

Posted by signn > 2024-05-24 12:59 | Report Abuse

I see that TY is pumping in his own money to buy more n more knm shares.

How much has he spend dy?

Action always speaks louder than words.

While others just like to bark....sheesh

Posted by signn > 2024-05-24 13:31 | Report Abuse

Checked and having an educated guess.
TY has spend ~140mil so far acquiring knm shares.

Posted by Auntylee > 2024-05-24 14:10 | Report Abuse

Hooiyo, 140 juta ringgit, habis la kali ini la 😂

Posted by purple70 > 2024-05-24 15:35 | Report Abuse

WHy is Tunku Ya (ling) kupso intent on holding to KNM! Worried that th enew team will do due diligence on what went wrong during his term? And Ravi - CEO changing sides?

Posted by Cipta > 2024-05-24 16:32 | Report Abuse

KNM's market capitalization is currently 445 million, while MAA's stands at 105 million. It raises the question as to why the Challenging Party is not contemplating the acquisition of MAA to secure control over KNM. TY only possesses a 35% stake in MAA and has previously been defeated by minority in an attempt to privatize. Acquiring control of MAA would consequently confer the status of the largest shareholder in KNM, and at a considerably lower cost. It is important to note that MAA is a net cash company. Any Wayang Kulit to bring up n down price of KNM?

Posted by kiwimelon > 2024-05-24 17:26 | Report Abuse

Physical agm...wanna vote also no chance. I wanted to re-read the letter by KNM to shareholders during the previous battle but the link was not working anymore. Probably meant that what they promised also swept under the carpet and continue to rot in bursa hahahaha fail la

Posted by Squirtle > 2024-05-24 18:17 | Report Abuse

I is behtahan Ravi and TY, pls let new ppl oversee operations Knn

Posted by Auntylee > 2024-05-26 09:56 | Report Abuse

Squirtle
Why behtahan ah?

Posted by Squirtle > 2024-05-27 09:14 | Report Abuse

Everyday is take free esos
And Always is Talk but no action
When EGM

Posted by purple70 > 2024-05-27 14:48 | Report Abuse

looks like a serious negotiation is taking place to avoid calamity at AGM!

Posted by RedEmperor > 2024-05-27 14:54 | Report Abuse

@Squirtle No more ESOS.
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3448071
ESOS not something initiated by TY, it was abused by the LEE to enrich himself and his undeserving family members.

Posted by Auntylee > 2024-05-30 11:13 | Report Abuse

Wooiyo, Tunku sapu manyak 😁

Posted by Orson Chin > 2024-05-31 08:23 | Report Abuse

Coming report must very bad ………

Posted by Proff P... > 2024-05-31 13:11 | Report Abuse

Where are TP-RM3.0 Sardin; Bear bear; master Kelvin; Patua; Marbel and others hidden?

Posted by Vhydro > 2024-05-31 23:01 | Report Abuse

Maybe Sardin becomes Strategist Invest Lam at https://www.klsescreener.com/v2/stocks/view/7164/knm-group-berhad

Posted by Proff P... > 2024-06-01 10:05 | Report Abuse

Can someone share the information's in regard to Borsig SGX listing status? We know FBM Hudson Sold for lost due to lose making company. What happen to UK renewable energy project and Thailand Plant?

Posted by xiaoeh > 2024-06-01 10:12 | Report Abuse

no one knows more than what Sardin knows....
where has Sardin go....?

Posted by Proff P... > 2024-06-01 13:34 | Report Abuse

Where is Sardin hiding?🙄

Posted by CyrusQ > 2024-06-05 10:30 | Report Abuse

Proff P...

Where is Sardin hiding?🙄
Check with ChatGPT

Posted by Auntylee > 2024-06-05 17:20 | Report Abuse

Final countdown

Posted by MacDee34 > 2024-06-06 08:02 | Report Abuse

AGM today, controlled by TY and his crooks. Don't get your hopes up. They won't loose no matter what happens. Cheat, cheat, cheat. What we really need is the police to step up.

Posted by CyrusQ > 2024-06-06 10:24 | Report Abuse

MacDee34

AGM today, controlled by TY and his crooks. Don't get your hopes up. They won't loose no matter what happens. Cheat, cheat, cheat. What we really need is the police to step up.

Public able to Vote like before ?

Posted by Orson Chin > 2024-06-06 10:24 | Report Abuse

Who go agm today ?

Posted by CyrusQ > 2024-06-06 10:40 | Report Abuse

Orson Chin

Who go agm today ?

How to register or anyone able attend ?

Posted by purple70 > 2024-06-06 14:48 | Report Abuse

AGM had none shareholders attending it, case in point TY's bodyguaards....NO SHAREOLDER TAG!

How long do they think the ELITIST ROYALIST think they can go on like this?

Posted by purple70 > 2024-06-06 14:50 | Report Abuse

Quite a strange way for voting the resolutions....

White color paper for co's n blue color paper for the 5 new directors!

Why is TY so afraid of?

And the names of shareholders are printed on these papers! Where is confidentiality of votes and protection to the voters?

Posted by moneycome123456 > 2024-06-06 20:00 | Report Abuse

KUALA LUMPUR (June 6): The Italian government has again rejected the proposed disposal by KNM Bhd’s (KL:KNM) wholly-owned subsidiary KNM Europa BV of its entire stake in FBM Hudson Italiana SpA (FBM Hudson).

The transaction had again failed to obtain the Golden Power clearance from the Italian government, KNM said in a filing with Bursa Malaysia on Thursday.

According to the International Association of Defense Counsel, the Italian government's Golden Power refers to its special power to stop any foreign direct investment, or halt corporate transactions involving strategic assets that include defence, national security, and infrastructure such as transportation, energy and communications.

FBM Hudson is primarily involved in the design and manufacture of heat exchangers and high-pressure equipment for oil and gas, oil refining, petrochemicals, chemicals, power and fertiliser businesses.

“Presently, the management of KNM is reviewing and discussing with all the parties concerned for the steps moving forward. Further development in relation to the proposed disposal will be announced in due course,” KNM said.

The Italian government had previously rejected the proposed disposal of FBM Hudson last November when KNM had proposed to sell the company to the United Arab Emirates' Petro MAT FZCO for 22 million euros.

Petro MAT had also failed to obtain the same Golden Power clearance from the Italian government.

This time, KNM Europa was to dispose of the company to Milan-based BM Carpenterie Oil & Gas SRL, which offered to acquire 60% of the stake in FBM Hudson for 9.9 million euros, and Verona-based Officine Piccoli SpA, which sought to acquire the remaining 40% stake for 6.6 million euros. The total offer came up to 16.5 million euros (approximately RM84.99 million).

Under the agreement signed in March, both buyers were to take over the 11.5 million euro loans that FBM Hudson owes to KNM as settlement for sale consideration.

Although the proposed disposal is expected to result in an estimated loss of about RM94.34 million, the cash-strapped engineering group has been looking to exit the loss-making company and that the expected proceeds to be received from the proposed disposal has been planned for repaying of borrowings and working capital purposes.

Prior to Petro MAT, KNM had another deal to dispose of FBM Hudson to British Midland FZE for 12 million euros, which did not materialise. At the time, KNM did not disclose the reason behind the change in buyer.

KNM’s share price closed slightly higher by 0.5 sen or 5.56% at 9.5 sen on Thursday, valuing the group at RM365.14 million. Over the past one year, the counter has risen by 18.75%.

Read also:

KNM signs agreement to sell Italian unit for 16.5 mil euros, of which 11.5 mil to be settled in annual instalments over 10 years

KNM receives new offer to acquire Italian unit for 16.5 mil euros

Italian govt rejects KNM’s proposed disposal of entire stake in FBM Hudson

KNM gets new buyer for FBM Hudson Italiana at higher price of €22m

KNM unit proposes sale of FBM Hudson Italiana to British Midland

Posted by Vhydro > 2024-06-06 21:37 | Report Abuse

Gone case, got asset also can't to be disposed of. Where got money to pay debt?

Posted by Orson Chin > 2024-06-06 23:16 | Report Abuse

Let Hudson bankrupt …. So Italy government will let go maybe

Posted by Orson Chin > 2024-06-07 10:37 | Report Abuse

Guys dont hold the ticket … sell to Ty …. Sell sell sell