Posted by Travis Baker > 2021-06-10 09:19 | Report Abuse

Mr. Operator, ini kali lah. kasi lepas lah uncle auntie yang dah lama stuck.

Posted by ganapathy18 > 2021-06-10 09:41 | Report Abuse

Keeninvestor11 Where to cast our vote? I have registered with boardroomlinited but I can't see where I can cast my vote. Pls advise.
09/06/2021 6:50 PM

You will only be allowed to vote on the day the AGM is opened and held i.e. on 29/6/21 @10.am. If you have already registered for virtual meeting, Boardroom will first verify your account and provide you (by email) with the relevant Meeting ID, User Name and Password just 1 day before the meeting. On the day of the meeting use these details to log into the virtual meeting and then vote.

Please don't forget the meeting date. Exercise your right to vote to kick out the present team.

Posted by Cslee1215 > 2021-06-10 09:46 | Report Abuse

I already voted. Chairman as my proxy

Posted by Cslee1215 > 2021-06-10 09:49 | Report Abuse

Keeninvestor11, follow the guideline , u will be able to submit ur vote

Posted by Keeninvestor11 > 2021-06-10 09:52 | Report Abuse

Noted guys. Thanks for your information. I will attend the meeting on that date and vote them out.

Posted by RISK8888 > 2021-06-10 09:57 | Report Abuse

price up, congrat warriors.

Posted by bookerhoot9eee > 2021-06-10 10:15 | Report Abuse

free knm

Posted by Cslee1215 > 2021-06-10 10:20 | Report Abuse

Keeninvestor11 u can vote now, why wait till AGM?

Posted by PenghuluGia > 2021-06-10 10:39 | Report Abuse

Noted with thanks. I had the same questions on how vote.

Posted by Keeninvestor11 > 2021-06-10 12:14 | Report Abuse

The issue is I log on to boardroom and get all the necessary done. I have registered to KNM 29th june meeting but I don't see anywhere I can cast my vote. Pls advise if you are using boardroom limited.

Posted by Jack Y > 2021-06-10 12:38 | Report Abuse

https://investor.boardroomlimited.com/home -> Corporate Meeting --> search for "KNM" --> pres Enter--> vote form in the PROXY tab(eproxy form)--> fill in ur personal information--> then u should able to see the form ledi

Posted by Keeninvestor11 > 2021-06-10 14:19 | Report Abuse

@Jack Y, Noted with thanks

Posted by RISK8888 > 2021-06-10 14:48 | Report Abuse

Seems they know u ppl going to kick them out, now fast fast push up the price make u all happy.... faster show more power to them. Kick them out.

Posted by Vhydro > 2021-06-10 15:00 | Report Abuse

Price up, still vote them out

Posted by bookerhoot9eee > 2021-06-10 15:22 | Report Abuse

Done vote , wash those rubbish out

Posted by Chong456 > 2021-06-10 15:22 | Report Abuse

大家加油！！sepak kasi keluar.

Posted by Keeninvestor11 > 2021-06-10 15:57 | Report Abuse

I guess they are collecting now . PP for Gan is at 18sen. Now she can sapu below 18sen.

Posted by kabukiman > 2021-06-10 16:01 | Report Abuse

@RISK888

Maybe previously they think 'ah these people tok kok'.

Then suddenly the regiistrar and co. secretary tell them 'towkay ah, the no vote is now at xx%'.

So now they fast2 buy to get more shares for the 29 Jun vote showdown

Posted by bullmarket1628 > 2021-06-10 16:17 |

Post removed.Why?

Posted by Ben333 > 2021-06-10 16:24 | Report Abuse

Institutional shareholders have registered in drove to vote them out. So they have to buy more share to ensure majority otherwise kena kick out. New Board will dig dirts n report to SC n MACC. They re silvering now!!!

Posted by ChatPlusOne > 2021-06-10 16:28 | Report Abuse

1- On 18/4/2014, the Company’s shareholders had approved the establishment of an ESOS to all eligible employees including directors of the Company and its subsidiaries.

 On 25/7/2014, a total number of 212,491,400 ESOS had been granted to 654 eligible employees at an exercised price of RM0.65 per share and a contractual life of 8 years (“ESOS Batch 1”). Out of which, a total of 71,292,800 ESOS were allocated to the Directors of the Company including 62,645,607 ESOS were allocated to Lee Swee Eng(“LSE”), spouse, Gan Siew Liat (“GSL”) and brother-in-law, Chew Fook Sin (“CFS”), represented 34% of total ESOS granted under ESOS Batch 1.

 On 27/3/2019, a total number of 194,338,000 ESOS had been granted at an exercised price of RM0.11 per share and a contractual life of 3 years to all the eligible employees (“ESOS Batch 2”). Out of which :

60% of the total ESOS Batch 2 representing 116,500,000 ESOS were allocated to the Directors of the Company including LSE (60 mil), GSL (40 mil), Dato’ Halim(2.5 mil), Dato’ Dr Khalid (2 mil), Soh Yoke Yan (“SYY”, 2 mil), Rizal bin Bahari (10 mil, a director of a loss making subsidiary in Thailand, who was later joined the Company as a non independent non executive director on 25/11/2020 and recently resigned on 30/5/2021) and,

⁃ 23% of total ESOS batch 2, representing 44,600,000 was allocated to the family members of LSE and GSL, including daughter Sara Lee Mei Ching (25 mil, who was a director of a loss making subsidiary in Thailand, resigned in Jan 2020), CFS (18 mil, who retired as a director of the Company in 2018 and now a director of a RM2 paid up capital loss making subsidiary) and a cousin of GSL, Wong Lay Fong (2 mil, a HR manager).

It is noticeable that under the ESOS Batch 2:

⁃ all directors of the Company as well as CFS are allowed to have an advantageous privileged vesting condition to exercise all options granted in immediately as compared to other employees’ vesting condition of over 3 years. This is a breach of the Listing Requirements and ESOS bylaws where such amendment in vetting condition require shareholders’ approval.

⁃ Both Rizal and Sara Lee did not play any active role in the operation of the subsidiaries, as well as in the Group. Sara Lee (and GSL) also hardly came to office for the past 10 years.

⁃ A total of 75% (145.3 mil) of ESOS batch 2 has been allocated to LSE, GSL and their connected persons. Out of which, 118 mil are to be exercisable immediately.

 We have also been informed that in the latest allocation of ESOS at RM0.165 per share (ESOS Batch 3), GSL and the persons connected have been allocated significantly more ESOS than other KNM employees combined.

In accordance with ESOS bylaws 4, the ESOS committee will have to follow a set of guidelines adopted after taking into the consideration amongst other criteria, the grade, length of service and performance of the eligible employees as the basis to determine the allotment and maximum allowable allotment. Based on an internal source, the ESOS committee failed to provide the approved guidelines to the external auditors, KPMG for audit purpose in fy2020 therefore the basis of allocation of 80% of total ESOS Batch 2 allocated to LSE, GSL and their connected persons together with Rizal, and their privileged vesting conditions, not only highly questionable but also already robbed the entitlements of all other employees within the Group. However, the ESOS committee did not explain its rationale to clear the public doubts, and this remains an outstanding audit issue posted by KPMG in 2021.

 We urge the shareholders to seek full particular of the transactions and to reassess the performance and the capabilities of ESOS Committee as well as the basis of the substantive amount of ESOS allocation to Rizal, LSE, GSL and their connected persons.

Posted by Ben333 > 2021-06-10 16:29 | Report Abuse

Guys don't sell your shares now, register n vote LSE group out first. Then knm share price will goes up

Posted by ChatPlusOne > 2021-06-10 16:30 | Report Abuse

2- On 29/4/2020, ,a civil action was initiated by SC against LSE for an alleged breach of section 188(2) of the Capital Markets and Services Act 2007 (CMSA) for insider in respect of the disposal of KNM Group Berhad shares by LSE. As a senior and key member of board of the Company, LSE and his spouse, GSL failed to inform the Board members of the Company and make announcement timely as required under the Listing Requirements on the allegations and the civil action taken against him by SC, during his term as a group ceo and a senior board member of the Company.

LSE announced a sudden retirement on 9 Jul 2020 and offered himself a new role as a Special Adviser to the Board. It is noticeable that the board not only accepted his new appointment but also promoted his spouse, GSL being the vice executive chairman (“VEC”, a new role created with ultimate control over the day to day operations of the group). GSL, who is also an existing director of HR, hardly come to office, without industrial knowledge of the operations, has officially took over the supremo roles of LSE despite a new group CEO, a senior officer who has been working in the group for 8 years before his promotion.

The sudden appointment of Special Advisor and the rationale of appointment of a new role as VEC were not explained to shareholders of the Company until today. The rumours viral pertaining to LSE‘s insider trading case followed by the announcement in the SC website after 26 April 2020, has dented the Group’s image this is because LSE was not only holding high profile roles in the Group but also was a person in-charged to uphold a high level of integrity as well as good corporate governance of the Group. The board members continue to allow him and his spouse to undertake active roles in the operations of the Group during his investigation period. This is obviously unusual and was done without clarity and transparency to the shareholders of the Company.

 We urge the shareholders to vote against the reappointment of Dato’ Halim, Dato’ Dr Khalid and GSL as directors of the Company as they have failed to practise good corporate governance and safeguard the best interest of the Company and shareholders.

3- We were informed that the chairman of Audit Committee (“AC”), LSE and GSL were attempted to influence the external auditors, KPMG to amend contents of the independent auditors’ report for FY2020. Their attempts to exert undue influence over the independent auditors have breached the corporate governance. KPMG insists no change in the independent auditors’ report as issued.

 We urge the shareholders to demand the Board of Directors to remove the existing Chairman of AC and to appoint a new qualified independent non executive director to be the new AC Chairman of the Company.

We also urge SC and Bursa to take necessary actions against SYY, LSE and GSL on their attempts to exert undue influence over audit independence.

Posted by ChatPlusOne > 2021-06-10 16:31 | Report Abuse

4- Since 2000’, the Company has been renting a four storey shoplot office located at Taman Sg Besi Indah from the landlord, inter merger Sdn Bhd, a related company where LSE and GSL are the shareholders of the company.

Im Bina Sdn Bhd, a related company where both LSE and GSL are the substantial shareholders of the company, had awarded hundred millions of turn key contracts from KNM in the past 10 years, the company has became dormant in 2018 following the failures in delivery of all projects to KNM.

Given that LSE and GSL failed practice good corporate governance, we urge the shareholders to scrutinise the proposed RRPT and to vote against the RRPT to deter conflicts of interests and to protect the interest of the shareholders of the Company.

5- After his retirement, LSE has claimed a compensation in lieu of unutilised leave since 2003 totalled RM2.3 mil and such amount was paid out to LSE commencing Jan 21 progressively. This claim is dubious due to:

⁃ Whether LSE is eligible to a compensation in lieu of unutilised leaves as the Company does not have a policy to allow employees to carry forward yearly unutilised leave after March of the following year. Any unutilised leaves are to be forfeited after Mar the following year. Therefore, it is highly questionable why LSE enjoys such privileged treatment, which was only surfaced and claimed after his retirement.

⁃ Whether this compensation subject to members’ approval prior to the payout started in Jan 2021,

⁃ Whether the basis of this compensation is being carefully reviewed and approved by the board as the unutilised leaves that LSE claimed e.g. 28 days every year are apparently without taking into consideration of his personal overseas holidays which he had enjoyed during this period.

It is noticeable that this claim was secretly put thru for payment in Jan 2021 with direct instruction from his spouse, GSL who is a director of HR as well as the VEC of the Company. This is a clear conflict of interest.

We would like to highlight to you that the above transactions have caused a serious concern over:

⁃ Abuse of power of director of hr, VEC

⁃ The members of board have failed to seek clarification on the basis of the ad-hoc claims made by LSE.

⁃ Breach of governance, mandate from members are not secured.

⁃ Unforeseen cash outflow caused loss in cash

⁃ Inaccurate disclosure in the past financial statements since 2003

⁃ The integrity and the independence of the senior board members are in question as to how they could continue to protect the Company and the members from any future loss due to personal advantages of individual.

We urge the shareholders to reassess the capabilities and the performance of the directors who have been afraid to seek clarification over the dominance of LSE and GSL. We also urge the authorities to take appropriate action against the persons who are committed to take advantages from the Company illegally.

Posted by KAQ4468 > 2021-06-10 16:52 | Report Abuse

Peewiittttt

Posted by KAQ4468 > 2021-06-10 16:52 | Report Abuse

I like!!

Posted by KAQ4468 > 2021-06-10 16:53 | Report Abuse

My KNM

16 cents

Soon 60 cents

Posted by KAQ4468 > 2021-06-10 16:53 | Report Abuse

Wakakakakayaaa

Posted by KAQ4468 > 2021-06-10 16:53 | Report Abuse

I love my 16 cents tickets

Posted by KAQ4468 > 2021-06-10 16:54 | Report Abuse

Got money.. Please invest

No money... Continue talk kokkkkk

Posted by Ben333 > 2021-06-10 16:56 | Report Abuse

Aggressive buying by certain party to maintain majority. Guys, don't't sell kick them out first, report wrong doing n let authorities charge them

Posted by RISK8888 > 2021-06-10 17:07 | Report Abuse

0.185 congrat!!!

Posted by Hotstuff > 2021-06-10 17:10 | Report Abuse

I laughed when I see bunch of small potatoes here asking to vote out management, don sell shares things like that.

Posted by Hotstuff > 2021-06-10 17:16 | Report Abuse

small dogs always love barking while big dogs sitting quietly biting their meat while watching small dogs barking non stop

Posted by Godofgambler > 2021-06-10 17:20 | Report Abuse

We will see KNM reaching 0.40 soon

Posted by Hotstuff > 2021-06-10 17:21 | Report Abuse

you really think change management is as easy as ABC? watched too much of drama. just cut your holding and move on to other counters

Posted by Godofgambler > 2021-06-10 18:08 | Report Abuse

If potatoes here dont like KNm
I guess Germans will like Knm borsig jewel

Posted by Godofgambler > 2021-06-10 18:12 | Report Abuse

Dear potatoes.... Please leave this forum if you don't like knm

Posted by Jack Y > 2021-06-10 18:18 | Report Abuse

@ChatPlusOne good information.

Posted by Godofgambler > 2021-06-10 18:57 | Report Abuse

Please don't stay here if you don't like knm.

Posted by Godofgambler > 2021-06-10 19:36 | Report Abuse

For those knm haters..
The exit door always welcome you guys.
Please leave.

Posted by Jjkcl > 2021-06-10 19:58 | Report Abuse

something good on the way for knm

Posted by Hotstuff > 2021-06-10 20:19 | Report Abuse

let's gather our force kick the management out!! we can do it!!! Lee Family: hahaha clowns

Posted by Godofgambler > 2021-06-10 20:21 | Report Abuse

I guess few hundred millions projects on the way... USD..

Posted by Hotstuff > 2021-06-10 20:22 | Report Abuse

students in kindergarten wants to remove headmaster lol

Posted by Hotstuff > 2021-06-10 20:26 | Report Abuse

since when investing become such a joke? invest until talk big want to change management, kick bosses out, sue the owner... niama talk like you hold billions of shares lol

Posted by Hotstuff > 2021-06-10 20:27 | Report Abuse

bunch of gamblers loss until losing their minds

Posted by RISK8888 > 2021-06-10 20:31 | Report Abuse

operator won't let the price up...cause they want to get low price for the PP. my advice is earn good margin can sell first and buy back later....

Posted by Hotstuff > 2021-06-10 20:32 | Report Abuse

drink more whiskey and save your energy...nothing will change here. if they want to push the share price they will push. they have been in the business world and as capitalist for few decades. don be naive

Posted by bullmarket1628 > 2021-06-10 20:35 |

Post removed.Why?