AFTER much deliberation by KNM Group Bhd about how it would seek to get back on track, especially in fixing its mounting debt, a decision has been made to flog off its prized asset.
KUALA LUMPUR: KNM Group Bhd's subsidiary Deutsche KNM GmbH (DKNM) has entered into an agreement with GPR Siebzigste Verwaltungsgesellschaft mbH (GSV) for the proposed disposal of 100% equity interest in Borsig GmbH for a consideration of EUR220.8mil (RM1.03bil).
Notable filings From Dec 27 to 31, 2021, notable shareholding changes in companies listed on Bursa Malaysia included those at Fitters Diversified Bhd. The safety equipment maker announced in a stock exchange filing that week that its shareholder, Cita Realiti Sdn Bhd, had acquired 23 million shares in an off-market transaction on Dec 24, raising its direct stake in the Main Market-listed company to 7.43%, or 34.75 million shares. The seller is unknown.