Journey to Wealth
News - KNM Group : Pins hope on UK job
KNM Group Bhd (RM0.715/share)
Pins hope on UK job
Nearly two years after its proposed RM2.2bil waste-to-energy project in the UK, KNM Group Bhd (KNM) says it is close to securing financials for the job that is crucial to regain investor confidence in the process equipment manufacturer.
The company, which has fallen off the radar of most investment houses after a wrongly timed expansion at the height of the financial crisis in 2008, said Exim Bank is the lead arranger for a syndicated loan for the project. The project, which will generate electricity from a biomass and waste-recycling facility within the Peterborough enclave in the UK, makes up some 43% of KNM's RM5.1bil order book.
According to KNM, it will capitalise on the expertise of its wholly-owned unit Borsig GmbH, which is based in Germany, to undertake the UK project. ' The Edge
Source: Kenanga
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
Market Buzz
More articles on Journey to Wealth
Ekovest: No plan to launch another offer for Iskandar Waterfront City
Created by kiasutrader | Mar 29, 2018
Kenanga Research - On our Portfolio - Parliament dissolution around the corner?
Created by kiasutrader | Mar 25, 2013
Plantation Sector - Proposed accounting standard scrapped OVERWEIGHT
Created by kiasutrader | Mar 25, 2013
Pavilion Reit - Limited upside, earnings upside have been priced in HOLD
Created by kiasutrader | Mar 25, 2013
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
save malaysia!
Visa-free travel to China extended for Malaysians to 30 days
2
3
Koon Yew Yin's Blog
CPO price is rising rapidly as shown by chart below - Koon Yew Yin
4
Axcapital's investment blog
KAB - Executing its way to a record quarter. Could more Petronas contracts be coming?
6
7
8
BFM Podcast
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
