KNM GROUP BHD
KLSE (MYR): KNM (7164)
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Last Price
0.085
Today's Change
0.00 (0.00%)
Day's Change
0.085 - 0.085
Trading Volume
2,766,400
Details of Changes
Securities After Change
Transactions
| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
72 people like this. Showing 50 of 58,862 comments
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!
1 month ago
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.
1 month ago
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?
1 month ago
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.
1 month ago
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
1 month ago
Checked and having an educated guess.
TY has spend ~140mil so far acquiring knm shares.
1 month ago
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?
1 month ago
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?
1 month ago
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
1 month ago
@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.
1 month ago
Where are TP-RM3.0 Sardin; Bear bear; master Kelvin; Patua; Marbel and others hidden?
1 month ago
Maybe Sardin becomes Strategist Invest Lam at https://www.klsescreener.com/v2/stocks/view/7164/knm-group-berhad
4 weeks ago
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?
4 weeks ago
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.
3 weeks ago
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 ?
3 weeks ago
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?
3 weeks ago
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?
3 weeks ago
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
3 weeks ago
nothing good coming from this company. Price dropped again today after a short buzz 2 weeks ago. It seems nobody will be able to help them as they declined and rejected helps from other people except from within the group. What the future holds we do not know sighhhh
3 weeks ago
Anyone wanted to share any information's in regard to Borsig SGX IPO Status? Please.......
2 weeks ago
The Company wishes to announce that an ad interim Restraining Order was granted by the Kuala Lumpur High Court on 25 June 2024 pending disposal of the Applicants
application to the High Court for a 3 month Restraining Order and a Court Convened Creditors Meeting.
a) no order may be made, and no resolution may be passed, for the winding up of the Applicants;
(b) no receiver or receiver and manager may be appointed over any undertaking or property of the Applicants;
(c) no proceedings may be commenced or continued against the Applicants other than the proceedings under Sections 366, 368c, 368d, 369a or 370 of the Companies Act 2016 except with the leave of the Court and subject to any terms as the Court may impose;
(d) no execution, distress or other legal process may be commenced, continued or levied against any property of the Applicants except with the leave of the Court and subject to any terms as the Court may impose;
(e) no steps may be taken to enforce any security over any property of the Applicants, or to repossess any goods held by the Applicants under any chattels leasing agreement, hire purchase agreement or retention of title agreement, except with the leave of the Court and subject to any terms as the Court may impose; and
(f) no right of re‑entry or forfeiture under any lease in respect of any premises occupied by the Applicants may be enforced except with the leave of the Court and subject to any terms as the Court may impose.
3 days ago
Hmm...seem some1 is launching Bankruptcy procedure against KNM.. ..waiting further announcement from the company.
3 days ago
Don't worries, we all should know the Borsig IPO outcome pretty soon? Good Luck Everyone.
2 days ago
Seen banks and suppliers are seeing the intrinsic value of KNM, all are preparing to grab it by cheap. The problem of KNM now is cash flow.
2 days ago
The only good news for KNM is to get another extension for another 12 months. If KNM does not get it that's the end for KNM. By the looks of it, i think it will get that extension because Tengku is still buying into KNM.
2 days ago
https://youtu.be/NxzaaAOp7C4?si=F3m-kLTe6MLvJvY8
@cipta
Seen banks and suppliers are seeing the intrinsic value of KNM, all are preparing to grab it by cheap. The problem of KNM now is cash flow.
2 days ago
https://corporatesecretsmalaysia.blogspot.com/
2️⃣➖🔟➖2️⃣3️⃣🇩🇪😖
Borsig is based in Germany, the home of Andreas Heeschen who knows how valuable Borsig is. Lately Borsig's value has shot up due to having 250 million euros in back orders to be fulfilled. Among these orders are the supply of equipment for Elon Musk's Starlink space project. With such a sterling performance Borsig is now slated to be listed in the Singapore Stock Exchange, SGX.
2 days ago
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Another bottle coming? Buy and sell after agm?
1 month ago