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(The Star) - Two royals are battling it out in a quest to wrest control of the financially-distressed KNM Group Bhd.
For the first time since the boardroom tussle unfolded, Johor Ruler’s eldest sister Tunku Kamariah Aminah Maimunah Iskandariah Sultan Iskandar has broken her silence and gave an ul ....
Cash-strapped KNM Group Bhd, which announced a default on three credit facilities totalling RM417.6 million earlier this month, has triggered another default, this time on the principal repayment of US$3.4 million (RM15.04 million) with an outstanding interest of US$16,104 due to Bank of China (Malaysia) Bhd. ....
PETALING JAYA: KNM Group Bhd has defaulted on a principal repayment of US$3.4mil (RM15.04mil) and and interest of US$16,104 (RM71,227) to the Bank of China (Malaysia) Bhd. ....
KNM Group Bhd plans to list its indirect wholly-owned subsidiary Borsig GmbH on the Main Board of the Singapore Stock Exchange Securities Trading Ltd (SGX-ST) by way of an initial public offering (IPO), with a view of achieving a market capitalisation of up to US$300 million and a placement of 49% of the enlarged capital comprising vendor and/or new shares. In a bourse filing on Friday (Dec 16), KNM said its board of directors has approved the proposed listing and has on Dec 15 appointed Singapore-based PrimePartners Corporate Finance Pte Ltd to act as the issue manager, underwriter and placement agent for the proposed flotation. ....