Posted by linxpeedy > 2022-05-24 08:30 | Report Abuse

They are now asset stripping the company. They obviously knew the price they would get which is why they did the write off last quarter.

Posted by Orson Chin > 2022-05-24 08:32 | Report Abuse

Sold German company … at Rm1 billion …..wow

Posted by T1T4N > 2022-05-24 08:34 | Report Abuse

Bought Borsig at euro $350m, sell euro $220m.
GG

Posted by Flyinghorse > 2022-05-24 08:36 | Report Abuse

No more borsig

Posted by linxpeedy > 2022-05-24 08:43 | Report Abuse

It’s the end of knm but the accumulated assets for sale will give a good cash value .

Posted by T1T4N > 2022-05-24 08:44 | Report Abuse

Borsig purchase cost: Euro $ 350m
Expected to sell: Euro $300m (Reported by Edge)

Actual Sold: Euro$ 220m

Please beware.

Posted by linxpeedy > 2022-05-24 08:45 | Report Abuse

NAB after clear out is 32 cents so let’s see how market reacts

Posted by T1T4N > 2022-05-24 08:48 | Report Abuse

Kindly be advised that trading in the Company's shares will resume with effect from 10.00 a.m., Tuesday, 24 May 2022.

Posted by Godofgambler > 2022-05-24 08:52 | Report Abuse

With cash in hands they can turn around the ship...
There are many businesses out there to do.

Posted by 股神 GS > 2022-05-24 08:59 | Report Abuse

UTILISATION OF PROCEEDS:
Repayment of bank borrowings (Within 12 months)
Working capital (Within 12 months)
Estimated expenses in relation to the Proposed Disposal (Upon completion)
Total RM 962.2m

Shareholder ?

Posted by DonLee > 2022-05-24 09:01 | Report Abuse

The Proposed Disposal is expected to result in an estimated loss of approximately
RM490.55 million to KNM, details of which are set out below. For clarification, the
following estimated loss has yet to be reviewed by the External Auditors of the
Company at this juncture. Nevertheless, the estimated loss reviewed by the External
Auditors of the Company shall be disclosed in the circular to shareholders in relation to
the Proposed Disposal to be issued by KNM at a later date

Posted by BuySoLow SellEvenLower > 2022-05-24 09:04 | Report Abuse

Sudah cakap bila dah pajak Borsig, nak buat apa business lagi KNM ?. Bila Lembu susu dah jual, mana ada lagi susu lembu utk minum ?

Posted by T1T4N > 2022-05-24 09:05 | Report Abuse

Good Luck!

Posted by DonLee > 2022-05-24 09:06 | Report Abuse

this is what the MAA boss is helping KNM . wakakaka selling assets below purchase price .

knn

Posted by DonLee > 2022-05-24 09:06 | Report Abuse

i also can help knm la

Posted by Primeinvestor > 2022-05-24 09:07 | Report Abuse

disaposal of BORSIG! 1B

Posted by BuySoLow SellEvenLower > 2022-05-24 09:07 | Report Abuse

lama sikit, KNM akan jadi tin kosong milo, semua asset akan di jual / pajak...sigh.....

Posted by BuySoLow SellEvenLower > 2022-05-24 09:14 | Report Abuse

Borsig dulu dibeli KNM general Lee dgn harga RM1.6B++, skg di pajak / jual dengan harga lelong...sedih...

Posted by small_investor > 2022-05-24 09:18 | Report Abuse

With working capital can bid more project. Probably the only O&G with Cash on hand

Posted by BuySoLow SellEvenLower > 2022-05-24 09:22 | Report Abuse

What more KNM going to sell / pawn off ? thailand ethanol plant or UK Peterborough plant or both ? KNM look more like empty milo tin can now. Will knm shares get dumped at 10.00 afterwards ?

Posted by yangyang330 > 2022-05-24 09:23 | Report Abuse

good job boss maa，sell all assets，just like maa，cash rich，but shareholder get？？？？？？？？

Posted by Primeinvestor > 2022-05-24 09:25 | Report Abuse

MARKET CAP 700M, SELL 1B ASSET, YOU GUYS MAKE NOISE ALREADY, HAHAHA, HAVENT SOLD ETHANOL AND PETER FOR ANOTHER 1B?

Posted by soohk > 2022-05-24 09:30 | Report Abuse

with the cash from the sales, at least the worry of PN17 will be not be around for the next 12 months.

Posted by Primeinvestor > 2022-05-24 09:33 | Report Abuse

losses already accounted for last quarter lol

Posted by ocbc > 2022-05-24 09:41 | Report Abuse

企业动态
2022年05月24日
科恩马脱售德国子公司Borsig，套现10亿令吉

Posted by williamtkb > 2022-05-24 09:43 | Report Abuse

Are you ready? 10am is coming

Posted by BuySoLow SellEvenLower > 2022-05-24 09:51 | Report Abuse

Yaacob’s view is that KNM should not let the bondholders hold it to ransom to sell Borsig at low price. Borsig is a major contributor to KNM’s bottom line, he says, adding that he believes it will be able to fetch a higher valuation when the industry’s outlook improves.

Look like thai bondholders already forced KNM to sell Borsig at a loss....

Posted by small_investor > 2022-05-24 09:55 | Report Abuse

compare other O&G Cash on hand better can bid a lot of projects. No like our other friend . asset billion but losses more then asset

Posted by BuySoLow SellEvenLower > 2022-05-24 09:56 | Report Abuse

Red or Green come 10am ?

Posted by williamtkb > 2022-05-24 09:56 | Report Abuse

Sold all to pay debts... Never said give dividend. Business like no hope after the sales

Posted by BuySoLow SellEvenLower > 2022-05-24 09:58 | Report Abuse

The other O&G friend resort to cooking accounting records....

Posted by BuySoLow SellEvenLower > 2022-05-24 09:59 | Report Abuse

Maybe can get dividends if ethanol and peterborough plant got sold as well...

Posted by speakup > 2022-05-24 10:00 | Report Abuse

red tone!

Posted by hassim05 > 2022-05-24 10:04 | Report Abuse

another energy company going lingkup.. hmmm

Posted by BuySoLow SellEvenLower > 2022-05-24 10:04 | Report Abuse

For see KNM will drop back to below .15ct.

Posted by Legend > 2022-05-24 10:06 | Report Abuse

Wowwwww....

Posted by ocbc > 2022-05-24 10:07 | Report Abuse

save a lot of future interest payment after sold off Borsig. Expected move lah

Posted by speakup > 2022-05-24 10:07 | Report Abuse

when a company sells it's crown jewels, it's not a good sign

Posted by nicholas99 > 2022-05-24 10:07 | Report Abuse

throw money to sea. run.

Posted by williamtkb > 2022-05-24 10:09 | Report Abuse

Let big players finish sales first. I'm waiting 15cents.

Posted by BuySoLow SellEvenLower > 2022-05-24 10:16 | Report Abuse

If sell crown jewel at a premium never mind but now it's sold at a loss of RM 1/2 B. Maybe KNM can JV with Serba.

Posted by williamtkb > 2022-05-24 10:18 | Report Abuse

No one willing to buy. Above 20cents then we chase.

Posted by ocbc > 2022-05-24 10:30 | Report Abuse

Creditreform no.: 2152026464

Register number: HRB 172781

GPR Siebzigste Verwaltungsgesellschaft mbH has its registered office in Hamburg, Germany. Its current status is listed as active. The company is registered at the Trade register at the local court of Hamburg with the legal form of Private limited company (number HRB 172781). The Trade register entry was last updated on Dec 21, 2021. One director currently runs the company: 1 manager. The company reports contain information on the company's ownership structure and its shareholder. The company has one location. The company report was last updated on Dec 31, 2021.

Posted by DonLee > 2022-05-24 10:31 | Report Abuse

where is that Sardin who promote knm and keep saying Borsig good Borsig mao tak teng

Posted by striker888 > 2022-05-24 10:36 | Report Abuse

Sardine is one big fool, who.unfortunately took a lot of people down with him

Posted by Potato88 > 2022-05-24 10:42 | Report Abuse

Omg..i bought 0.180

Posted by Potato88 > 2022-05-24 10:43 | Report Abuse

Potato88

Cut lose at 0.165..lose money.. i love this stock very much..

Posted by Godofgambler > 2022-05-24 10:44 | Report Abuse

Now knm is the richest oil and gas players in Malaysia.
More rocket shows to come..

Posted by birkincollector > 2022-05-24 10:50 | Report Abuse

why richest leh....use all proceed to pay debt, plus suffer loss from selling below purchase price wor

Posted by ocbc > 2022-05-24 10:51 | Report Abuse

You are right , now its time for KNM(MAA) to selectively buy over Serbak and Sapura assets. Cheers !!