Posted by small_investor > 2023-09-06 15:05 | Report Abuse

who want to pour money into a PN17 company if they dont see a value ?? and if KNM is not PN17 ... the cost of take over might be X times of company value . rite ? or i miss out some fundamental here

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

I think Tunku will use MAA cash to buy more. He bought Turiya Bhd via MAA. Then got sued. Lawsuit still ongoing.
https://theedgemalaysia.com/article/turiyas-largest-shareholder-gets-injunction-block-maa-pursuing-takeover-offer
https://theedgemalaysia.com/article/turiya-shareholders-reject-tunku-yaacobs-reelection-director

Posted by hongwei > 2023-09-06 15:45 | Report Abuse

Expect to continue rising tomorrow.

Posted by vespa > 2023-09-06 16:20 | Report Abuse

The Melewar lot do not govern well

Posted by gemtech8888 > 2023-09-06 16:34 | Report Abuse

Long long time ago a darling n legend

Posted by gemtech8888 > 2023-09-06 17:41 | Report Abuse

If tomorrow down a bit maybe can buy a bit

Posted by gemtech8888 > 2023-09-06 17:42 | Report Abuse

Looks like a war started

Posted by ID007 > 2023-09-06 20:36 | Report Abuse

tmrw 0.15

Posted by ocbc > 2023-09-06 22:39 | Report Abuse

just spend <RM$150m and u can control Borsig that worth close to RM$2 billion , why not !

Posted by mf > 2023-09-07 05:51 | Report Abuse

Dow Jones

Dow Jones Industrial Average

34,443.19

-198.78

0.57%

Nasdaq

NASDAQ Composite

13,872.47

-148.48

1.05%

Posted by supersaiyan3 > 2023-09-07 06:39 | Report Abuse

no shareholding announcement yet.....

My guess is, Lee couple selling.....they still have 5.29% according to last report....

Both sides buying......see who got more money.....lol

Posted by mike767879 > 2023-09-07 08:20 | Report Abuse

The exciting show is just starting for good watch !

Posted by small_investor > 2023-09-07 09:13 | Report Abuse

Last time tengku want share price lower so private placement at lower price. Now Tunku want price higher so other side cannot whack all from market. Hahah

Posted by CyrusQ > 2023-09-07 09:50 | Report Abuse

https://www.freemalaysiatoday.com/category/highlight/2023/09/06/knm-shares-jump-35-as-german-tycoon-eyes-takeover/

Posted by CyrusQ > 2023-09-07 09:51 | Report Abuse

https://theedgemalaysia.com/node/681475

Posted by Bullcoming > 2023-09-07 11:58 | Report Abuse

The intention to buy into KNM is the cheapest way to indirect control over Borsig group.

Posted by supersaiyan3 > 2023-09-07 13:59 | Report Abuse

It has to push above 22 cents to make the acquisition possible. gogogo!!!

Posted by Orson Chin > 2023-09-07 14:54 | Report Abuse

Still 0.12 there …. Nobody want to buy …… lolz

Posted by Tripaka > 2023-09-07 21:43 | Report Abuse

I think what the German bought let all go already. Difference of price bought and spike = good immediate profit.

Posted by soon9913 > 2023-09-07 21:56 | Report Abuse

they will cash call.
. right issue

Posted by Adagold > 2023-09-07 23:07 | Report Abuse

Current management performed much better than previous. Now big fluctuation in price is good opportunity for investors to make money.

Posted by doubleup > 2023-09-07 23:35 | Report Abuse

Current management won the trust of creditors and stabilized the company. Future prospects look very good bcos they are very capable and professional.

Posted by supersaiyan3 > 2023-09-07 23:35 | Report Abuse

Tripaka, 1. the German + Princess + local directors have requested EGM, so if they sold already, then EGM they have no rights whatsoever.
2. The German's wife has 3 mansion in England, he will have to do at least 15 times of such act to earn one mansion. Let alone his yacht....

Posted by supersaiyan3 > 2023-09-07 23:42 | Report Abuse

Woodswater, because of WWII, German has limited arm forces.

Donald Trump has first threaten Germany to withdraw US army stationed in Germany unless Germany pays. Now Russia will enlist another 200k civilian to go for war. Likely Russian Ukraine war will prolong into forseeable future.

So we bet the Germany was offered or sees opportunity in arm manufacturing, as Borsig, a wholly owned subsidiary of KNM in Germany used to build cannon for German tanks during WWII.

As we noted few years ago, Mitsubishi heavy industry goes back into weaponry manufacturing, just like they did during WWII. Zero jet fighter.

Only this time they are fighting the AXIS.

Posted by maxwin69 > 2023-09-07 23:51 | Report Abuse

The focus now is on the creditors owing RM1 billion. They can put a big spanner into the works before anyone can run the company, including foreigners who are trying hostile takeover. My whole investment will go down the drain, even though it's peanuts compared to German tycoon. The coming days will be crucial.

Posted by THE ROCK > 2023-09-08 11:56 | Report Abuse

any news about KNM being take over...

Posted by Alex Chua > 2023-09-08 13:54 | Report Abuse

https://theedgemalaysia.com/node/681781

Posted by MarketPredictor > 2023-09-08 14:00 | Report Abuse

War starting at KNM ....... “We have kept the creditors informed and have assured them that YM Tunku Datuk Yaacob Khyra is very serious about his controlling stake in KNM Group and if necessary, he will not hesitate to increase his stake,” he said, adding that the management is in discussion with lawyers, advisers and forensic specialists on the next course of action.

Posted by MarketPredictor > 2023-09-08 14:00 | Report Abuse

Hold on to your shares tight2.......

Posted by MarketPredictor > 2023-09-08 14:19 | Report Abuse

KUALA LUMPUR (Sept 8): The bid to take control of KNM Group Bhd by a group of shareholders led by Andreas Heeschen comes as “no surprise” considering how undervalued the company is, said its chief executive officer and managing director Ravindrasingham Balasingham.

Heeschen, who emerged as a substantial shareholder this month, “has had a keen interest” in KNM’s crown jewels Borsig Group and FBM Group, and “has made unsuccessful acquisition attempts in the past, even as late as last year”, Ravindrasingham said in a statement. The EDGE

Posted by supersaiyan3 > 2023-09-08 14:33 | Report Abuse

Vote with money! We support the side with more money.....lol

Posted by OtisKL > 2023-09-08 15:28 | Report Abuse

The Edge - Pointing to KNM’s narrowing losses since 2021, Ravindrasingham said the circumstance is a “testament to the group’s high future prospects”. “We ask that all stakeholders act in the best interest of the group, safeguarding the group’s accomplishments thus far and that prospects for a highly sustainable business future remain firmly secure,” he added.😊

The share price climbed from 4sen to 12sen as it is today, due to its strong fundamentals and the management's right direction towards turning over the Group. It's a huge conglomerate to start with, and controlling such an empire from KL is not an easy job, so, given the fact the creditors have confidence in the current management and based on the past 12 months' progress, this current management is definitely doing an extremely great job. Buying the shares at this low price vs. 21sen of net tangible assets p/share will give much bigger returns in the long run.
The moment Borsig is listed in the USA, all their problems will disappear into thin air, the question is, how far are they to list it in the USA? Can they sustain until then? What are their risk mitigation plans to counter any disruption in their business while waiting for the listing to happen?

Posted by MacDee34 > 2023-09-08 17:27 | Report Abuse

more stories of misconduct by the Tunku Yaacob and MAA. These self-serving directors need to resign. Let the new guys with experience in this industry take over.

https://infopulsetoday.com/breaking-news-high-level-leak-exposes-alleged-corporate-scandal-involving-maa-group-berhads-tunku-dato-yaacob-khyra/

Posted by MacDee34 > 2023-09-08 17:29 | Report Abuse

According to the bombshell report, TY is accused of single-handedly derailing a critical Share Sale & Purchase Agreement dated 23 May 2022, effectively torpedoing a deal that was already completed and awaiting payment. The report alleges that this decision was made in the shadows, without the necessary approvals or disclosures, flagrantly violating the Malaysian Companies Act 2016.

But the plot thickens. TY is also accused of reneging on a financial assurance guarantee that MAA Group Berhad had issued, promising to inject a staggering sum of €5 million or more into FBM if the “BORSIG Disposal” did not occur. This guarantee was seen as a lifeline for FBM, and TY’s refusal to honor it has been branded as a shocking betrayal and an act of fraudulent misrepresentation.

Posted by bearcomebullgone > 2023-09-08 18:17 | Report Abuse

boleh je la, ksi tlk jerr, 51% ckp dah

Posted by Leoleo > 2023-09-08 18:19 | Report Abuse

who like people come in to sell all knm assets ?? what is the intention of the T ??? selling assets mean he is aiming to make money from the monetization exercise. He is very serious want some pocket money lor

Posted by Auntylee > 2023-09-08 21:24 | Report Abuse

https://www.chinapress.com.my/20230908/%e7%a7%91%e6%81%a9%e9%a9%ac%e9%81%ad%e6%95%8c%e6%84%8f%e6%94%b6%e8%b4%ad-ceo%ef%bc%9a%e6%81%90%e8%ae%a9%e5%80%ba%e4%b8%bb%e4%b8%8d%e5%ae%89/

Posted by Auntylee > 2023-09-08 21:30 | Report Abuse

https://www.chinapress.com.my/?p=3595499
亚洲发展银行已经起诉泰国子公司Impress Ethanol,但是KNM 没有发布通告！合法吗？

Posted by Auntylee > 2023-09-08 21:30 | Report Abuse

https://www.chinapress.com.my/?p=3595499
亚洲发展银行已经起诉泰国子公司Impress Ethanol,但是KNM 没有发布通告！合法吗？

Posted by Auntylee > 2023-09-08 21:33 | Report Abuse

How come no announcement that ADB taken legal action against impress ethanol in Thailand?

Posted by Vhydro > 2023-09-08 21:35 | Report Abuse

OtisKL, list in USA? bangun la bang/kak. Sg ada la, mana ada USA.

Posted by THE ROCK > 2023-09-08 22:15 | Report Abuse

If the news is true about TY, soon it will become like Serba Dinamik...taking money out from KNM and leave only Teardrops for investor like us...

Posted by THE ROCK > 2023-09-08 22:19 | Report Abuse

A take over is good ...at least KNM got a chance survive and be great again...

Posted by ocbc > 2023-09-08 22:45 | Report Abuse

The german link up with CNAsia in KNM saga, 1+1=3 stuffs happining....

Posted by Adagold > 2023-09-09 05:14 | Report Abuse

The current interest in KNM and Borsig shows that management is capable and professional. Otherwise like they say, who wants to buy a PN17 company, right?

Posted by Bullcoming > 2023-09-09 06:16 | Report Abuse

Do MACC open file on TY yah?

Posted by MarketPredictor > 2023-09-09 09:14 | Report Abuse

https://www.google.com/amp/s/www.malaymail.com/amp/news/money/2023/09/08/knm-group-aims-to-sell-heat-exchanger-business-for-22m/89770

Posted by MarketPredictor > 2023-09-09 09:15 | Report Abuse

War started 🖕.....

Posted by maxwin69 > 2023-09-09 09:49 | Report Abuse

It makes commercial and strategic sense to sell off FBM for a few important reasons. Borsig can do exactly what FBM is doing. And due to intense competition, it's too difficult for FBM to continue making money. Labor cost there is very high. Welders cost 100 euros per man hour. How to make money like that?

Posted by maxwin69 > 2023-09-09 09:50 | Report Abuse

The deal is through and they will receive lots of cash to ease their position and recover from PN17.