Posted by dragonz98 > 2023-05-26 18:16 | Report Abuse

26 May 2023 #Bursa
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS KNM GROUP BERHAD ("KNM" OR "THE COMPANY") PROPOSED DISPOSAL OF 100% EQUITY INTEREST IN FBM HUDSON ITALIANA S.p.A. BY KNM EUROPA BV, A SUB-SUBSIDIARY OF KNM ("PROPOSED DISPOSAL")

disposal of 100% equity interest held in FBM Hudson Italiana S.p.A. at an indicative consideration equal to Euro 12,000,000.00 (Twelve Million Only)

Posted by dragonz98 > 2023-05-26 18:16 | Report Abuse

Planning to closed shop????

Posted by Nvgiveup > 2023-05-26 18:57 | Report Abuse

most value is the borsig, not the hudson

Posted by Nvgiveup > 2023-05-26 18:59 | Report Abuse

rm60m good deal or bad deal?

Posted by dragonz98 > 2023-05-26 19:03 | Report Abuse

2006 - KNM bought FBM-Hudson Italiana SpA in 2006 for RM7.88 million.
2023 - Sales at Euro 12 million (RM59.3 million).

Posted by Vhydro > 2023-05-26 19:25 | Report Abuse

Failed to list Borsig on SGX ??

Posted by Nvgiveup > 2023-05-27 00:05 | Report Abuse

then sold hudson is a good deal, borsig any update on the listing in SGX, if this really listed, then this share can fly to at least 15sen

Posted by Mar2083 > 2023-05-27 09:29 | Report Abuse

Potentially may goreng up next week

Posted by Proff P... > 2023-05-28 10:49 | Report Abuse

General Lee coming back? Goreng time? Hope that Borsig listing will go well and as plan to do.

Posted by speakup > 2023-05-28 13:29 | Report Abuse

One fella say Borsig listing fail
Another fella say Borsig listing ok
Using OTB words, who is the shameless liar?

Posted by Nvgiveup > 2023-05-28 18:25 | Report Abuse

it was almost half of year since the announcement for listing in SGX. anyone have the concept or idea how long it takes to list in

Posted by Nvgiveup > 2023-05-28 18:27 | Report Abuse

try to find inform in prinnshttps://primepartners.com.sg/news

Posted by Nvgiveup > 2023-05-28 18:28 | Report Abuse

but nothing can find, whether in the process or they try to find buyer like hudson

Posted by freddiehero > 2023-05-28 23:07 | Report Abuse

kanasai ka..

Posted by Vhydro > 2023-05-29 01:40 | Report Abuse

Bodoh speakup, duno the meaning of ?

Posted by Nvgiveup > 2023-05-29 11:23 | Report Abuse

so many ticket sell on 6sen, possible it is the pp ticket

Posted by Nvgiveup > 2023-05-31 23:28 | Report Abuse

QR report out. still lost due to financial expenses. read from the QR report, short term loan is 1billion, long term loan

Posted by Nvgiveup > 2023-05-31 23:29 | Report Abuse

long term loan 1.2billion. now really depends on Borsig listing in Sgx which will give 300million SG dollo r

Posted by Nvgiveup > 2023-05-31 23:31 | Report Abuse

which is 1 billion RM to settle the interest of the 2.2billion loan.

Posted by Nvgiveup > 2023-05-31 23:33 | Report Abuse

Borsig really a good profitable company, hope they don't sell it and get listed in SGx

Posted by Nvgiveup > 2023-05-31 23:34 | Report Abuse

no further information for the listing, just said it was under process.
Hudson confirmed sold

Posted by Nvgiveup > 2023-05-31 23:35 | Report Abuse

unless some progress in Borsig, otherwise the price will stagnant within 0.055 to 0.065. bored

Posted by dragonz98 > 2023-06-01 07:51 | Report Abuse

Total loan = 1,213,907,000 (1.2 billion)

Long term loan = 126,345,000 ( 126 million )
Short term loan = 1,087,562,000 ( 1 billion)

Interest paid yearly about 95 million

Actually, Borsig can generate over 0.1 billion profit every year, but use to payoff interest. So, like work for bank.
If Borsig successful listing, cash use to settled all loan, then later profit generated will rewards back to investors.

Borsig now is moving to Hydrogen technology which is demanding worldwide.

Posted by Nvgiveup > 2023-06-01 08:36 | Report Abuse

thanks dragonz98 for the correction ok n long term loan. we hope for the best to happen

Posted by Mar2083 > 2023-06-01 17:12 | Report Abuse

Hope will goreng up next week

Posted by Proff P... > 2023-06-02 04:27 | Report Abuse

Can someone share when Borsig will be listed? what going to happen to Thailand Ethanol and Peterborough? Thanks

Posted by MacDee34 > 2023-06-02 09:29 | Report Abuse

We need to replace the current management with competent people. Insurance sales people are clueless about how to run this business or manage the assets. Tunku Y track record is clear and full of failures and inaction. How can you sell FBM for only 12M euros? All because you can't pay a 2 Million Euro debt. This shows how unqualified and incompetent this team is now. Shareholders need to unite and throw these usless people out as soon as possible.

Posted by ocbc > 2023-06-02 11:24 | Report Abuse

Borsig listing , please speed it up

Posted by Nvgiveup > 2023-06-02 11:28 | Report Abuse

ya lah, more than half year. hope it can be done by this year

Posted by ocbc > 2023-06-02 11:38 | Report Abuse

Borsig now is moving to Hydrogen technology ? Good indeed.

Posted by Proff P... > 2023-06-02 12:29 | Report Abuse

Share price moving today. Look like there is some good news about to announce soon. Let hope for the best. Borsig indeed is the valuable asset to own and will do very well with Hydrogen Technology (big demand worldwide).

Posted by Nvgiveup > 2023-06-02 13:05 | Report Abuse

agreed

Posted by Alex Chua > 2023-06-02 13:36 | Report Abuse

Wonder why last time the old management unable to list Borsig. What makes this management can list? coz of FBM same business and sold off only can list? or this new management has better loophole to look into listing is SGX? Same adviser was engaged thou

Posted by speakup > 2023-06-02 14:09 | Report Abuse

Forget Casino De Genting. Now it is Casino De Bursa, where rubbish counters like myeg, redtone, knm, netx, vsolar all goreng up

Posted by speakup > 2023-06-02 14:29 | Report Abuse

ARE YOU READY FOR .............. CASINO DE BURSA???? 2:30 starting, grab your tickets to CASINO DE BURSA!

Posted by speakup > 2023-06-02 14:31 | Report Abuse

In Casino De Bursa, Tech is Rubbish, Blue Chip is Rubbish, Utilities is Rubbish, Banks is Rubbish, Gloves is Rubbish, Palm Oil is Rubbish, ...... semua rubbish except penny stock

Posted by 妖孽受死吧 > 2023-06-02 14:51 | Report Abuse

What happen? why KNM raise today

Posted by Vhydro > 2023-06-02 14:52 | Report Abuse

Rubbish so-zai is returned

Posted by Vhydro > 2023-06-02 14:56 | Report Abuse

Harga turun, kau kata sampah.
Harga naik, kau kata sampah pula.

Apa lagi lu mau?

Posted by MacDee34 > 2023-06-02 15:01 | Report Abuse

A simple review of the facts show that BORSIG does not qualify to list in Singapore or another markets except maybe Germany. This story to extend the RO protection from creditors is just that. Pay people money to write letters and endorsement of plans is not worth the paperweight they are written on. This company needs to be purged of the existing unqualified management. Please go back to MAA and see if you can find a way to sell insurance again. Enough is enough. Time is up for MAA

Posted by Mar2083 > 2023-06-02 15:52 | Report Abuse

Potentially may fly 10sen above next week

Posted by ID007 > 2023-06-02 22:40 | Report Abuse

gogo KNM

Posted by no3no4 > 2023-06-03 18:06 | Report Abuse

Mana sardine?

Posted by purple70 > 2023-06-07 00:55 | Report Abuse

KNM under control of a certain royalty who is a filure in competitive business unlike MAA where its licensed - that too a dismal failure till BNM stepped in on many of the loans granted!
Today KNM has the same management of MMM - another of the royalty's failed project before he stripped off whatever he could!

SO what can the failed CEO n BOD do to revive KNM?

Posted by beluga > 2023-06-07 12:52 | Report Abuse

very incompetent. thats why they say blue blood is no guarantee of any particular merit, competence, or expertise.

Posted by Auntylee > 2023-06-08 14:35 | Report Abuse

After completed PP367,642,100 share, raised fund approximately MYR19 million, the management no more excuses don't pay existing staff and resigned staff salary Which drags more than 5 months 🙄

Posted by Auntylee > 2023-06-08 14:50 | Report Abuse

Afternoon session banyak kuat, siapa sapu ? Gen Lee ka?

Posted by Nvgiveup > 2023-06-09 12:33 | Report Abuse

many PP ticket, hope they push out their tickets and push up the price also. tp 1.0 coming coming

Posted by beluga > 2023-06-09 13:42 | Report Abuse

i wonder who subscribe to the PP ? how come no disclose if a single party subscribe 5% shareholding or more.

Posted by Nvgiveup > 2023-06-09 14:15 | Report Abuse

then u may need to read the annual report