Posted by Adagold > 2023-09-19 13:19 | Report Abuse

It's actually like you're trying to sell your house and you pay for all the legal fees, including for the buyer. And when the buyer is not able to get his bank loan, you pay him more to compensate him for his trouble trying to buy your house. It's a scam, right?

This kind of thing has happened many times before in Malaysia. They call it "Malaysia Boleh" because it's tantamount to fraud. Sometimes it's blatant and involves politicians and the matter is forgotten just like that.

This ex-director Flavio guy now wants to make a comeback into KNM. Good luck to all investors if he can manage to pull that off. It will be nothing less than throwing a mouse into the rice sack.

https://theedgemalaysia.com/node/682960

When the proposed Borsig sale fell through, it caused the cash situation in the company to become so severe that Tunku and his friends had to pay back-salaries, EPF and income tax for staff which Flavio and his supposed buyer failed to pay. And now it seems he has got more plans. We smell a sweet-talking rat. That German Heeschen guy who is his backer actually has got no money, or shall we say no cash, despite being known as a billionaire tycoon. But this is not surprising considering the cash tight situation many rich people and companies are facing around the world right now. The ongoing Ukraine war, high oil prices and inflation are taking a toll on a lot of people. All told, they are not able to mobilize cash right now.

It is easy to see that Flavio's real plan (he calls it long-term plan) is to throw a spanner into the current rescue works so that KNM will fall into the hands of receivers. He then plans to take over from there, within half to one year at the most. That will ease the cash position of his backer, Mr Andreas.

https://www.hkpro.com/threads/case-against-heckler-koch-regarding-its-unclear-owner-structure-current-and-former-owner-fight-over-decision-making-at-hk.533410/

Posted by Adagold > 2023-09-19 13:19 | Report Abuse

In contrast, the current management has a real plan, formulated in collaboration with the bankers. A plan to rescue KNM and place it back on a firm footing for future expansion. The plan is a comprehensive one covering all critical aspects of marketing, production and capitalization.

Shareholders and investors can look forward to a debt-free KNM outfit which will still control Borsig and list it on the SGX. The likely scenario is that PN17 will be lifted within six months by Q2 2024. Share price will then revert to 40 of 50 sen. It will be a windfall for all shareholders and investors who place their faith on the current management's capabilities.

The worst scenario for everyone including the hostile guys, would be receivership and continued PN17, with zero value. Shareholders can kiss goodbye to their stake.
Turning to the creditors side, they have indicated that the German corporate raider is an undesirable shareholder because of fines and sanctions put in place by Western countries for illegal arms dealing. The creditors have done their homework and due diligence while keeping a close tab on the developments at KNM. Local syndicates are riding on the coattails of the corporate raider just to take profits.

https://www.hkpro.com/threads/case-against-heckler-koch-regarding-its-unclear-owner-structure-current-and-former-owner-fight-over-decision-making-at-hk.533410/

The short story is that Flavio screwed KNM and now he is asking his backer Andreas Heeschen to screw it one more round. The current management led by Tunku is ready to take the matter to the courts to prevent this from happening to a Malaysian company.

Posted by Auntylee > 2023-09-19 14:37 | Report Abuse

Adagold, lu tulis panjang panjang cerita, berapa upah u untung?

Posted by Auntylee > 2023-09-19 14:38 | Report Abuse

Woodswater, o, i c, terima kasih.
Wa ada sikit share saja 😁

Posted by fregend > 2023-09-19 14:42 | Report Abuse

volume is coming

Posted by CyrusQ > 2023-09-19 14:42 | Report Abuse

Auntylee

Adagold, lu tulis panjang panjang cerita, berapa upah u untung?

# Lol , Kena buat ringkasan atau point form.. haha🤣

Posted by Auntylee > 2023-09-19 14:52 | Report Abuse

Cyprus, soly, wa baca sampai form 3 saja. Tak pandai baca inglish

Posted by CyrusQ > 2023-09-19 14:56 | Report Abuse

Auntylee

Cyprus, soly, wa baca sampai form 3 saja. Tak pandai baca inglish

# Xpayah pro inglish , paham2 sudah ... 🤣

Posted by Alasako > 2023-09-19 14:57 | Report Abuse

makan 0.12 saja tak makan 0.125

Posted by CyrusQ > 2023-09-19 14:57 | Report Abuse

Woodswater

@ ada 🥇

over promote liao

b low profile sikit

# haha nothing much to promote actually @ everything is there .
# Only concern is PN17 status .

Posted by CyrusQ > 2023-09-19 14:59 | Report Abuse

https://www.youtube.com/watch?v=VcCf5akG9sI

Posted by OtisKL > 2023-09-19 15:01 | Report Abuse

Adagold kasi byk tips wor, bagus2. Kita kasi chance KNM CEO Ravi sikit, tengok syer naik 50sen cepat2

Posted by CyrusQ > 2023-09-19 15:23 | Report Abuse

Adagold

#Borsig able to be listed when KNM here PN17 ?

Posted by CyrusQ > 2023-09-19 15:24 | Report Abuse

OtisKL

Adagold kasi byk tips wor, bagus2. Kita kasi chance KNM CEO Ravi sikit, tengok syer naik 50sen cepat2

22 minutes ago

# Or maybe higher

Posted by OtisKL > 2023-09-19 15:40 | Report Abuse

CyrusQ, perhaps higher, faa tat liao..

Waah, volume high lor, sgt takut tengok... 430mil, 340mil, 250mil, this week now 205mil baru pukul 3+pm, total sudah rm135mil @ 11sen exchanged hands by elephants. Kalau burn, mesti kau2...

Posted by THE ROCK > 2023-09-19 15:59 | Report Abuse

Time has come to choose who will take over KNM

Posted by OtisKL > 2023-09-19 16:22 | Report Abuse

The Rock, you mesti baca the article below that Adagold posted earlier, aku baca pon terus putus asa. "Can't judge a book by its cover"

https://www.hkpro.com/threads/case-against-heckler-koch-regarding-its-unclear-owner-structure-current-and-former-owner-fight-over-decision-making-at-hk.533410/

Posted by THE ROCK > 2023-09-19 16:38 | Report Abuse

@OtisKL....saya pun tak pasti pihak mana yang bagus untuk KNM buat masa depan. Pihak MAA, tak ada pengalaman dalam bidang ni. Tengok KNM sekarang, sampai kena PN17 dibawah penjagaan mereka.

Posted by OtisKL > 2023-09-19 17:04 | Report Abuse

@The Rock, betul betul betul. PN17 not good in the long run. Tapi ah, kalau hutang banyak2 aa, itu PN17 macam Bank Negara punya AKPK, kasi masa tolong restructure hutang2 lor...if look positif lar. Of coz semua hutang tarak baik lar long term. Kalau tarak hutang pon susah mau grow jugak... Hehe.

Posted by Adagold > 2023-09-19 20:56 | Report Abuse

Auntylee

Saya copy and paste saja. Mana saya tau tulis? Saya pon tak sekolah banyak. Hehe...

Tapi itu journalist cakap semua betul. Tada fake news. Itu Flavio Porro mmg jahat. Skrang kena investigate. Nanti kantoi kena lokap kita clap hand. Hahaha :)

Posted by haziqaz > 2023-09-19 23:23 | Report Abuse

The Guy Behind The KNM Group Proposed Takeover
https://thecorporate-secrets.com/blog/2023/09/19/the-guy-behind-the-knm-group-proposed-takeover/

Posted by Adagold > 2023-09-20 00:16 | Report Abuse

The news is out. Now we know who is the main culprit behind this fiasco. That German shareholder is just his partner-in-crime. Flavio Porro is the man and he is an ex-director of KNM.

https://thecorporatesecrets.com/blog/2023/09/19/the-guy-behind-the-knm-group-proposed-takeover/

The journalists are efficient...

Posted by Dawneagle > 2023-09-20 01:10 | Report Abuse

I was expecting the price to shoot up by now. Looks like, still got so many sellers.

Anyway I'm more concerned on the pn17 plan submission, which is due soon.

Posted by RedEmperor > 2023-09-20 07:05 | Report Abuse

Over a billion shares traded after the announcement of takeover yet we see very little movement in price. I would have expected it to be in the range of 20-30c. If the competing parties are accumulating, they are getting them cheap. Too many weak sellers preventing the price movement.

Posted by CyrusQ > 2023-09-20 07:17 | Report Abuse

Dawneagle

I was expecting the price to shoot up by now. Looks like, still got so many sellers.

Anyway I'm more concerned on the pn17 plan submission, which is due soon.

# Anyidea where to check PN17 status ?

Posted by THE ROCK > 2023-09-20 07:27 | Report Abuse

@Dawneagle....the price will not be shooting up at this moment unless there is a need to accumulate shares to get the percentage needed to takeover KNM.

Posted by THE ROCK > 2023-09-20 07:45 | Report Abuse

A Takeover is good for KNM. If the takeover is succesful...Sultan Johor sister and this Flavio Porro will be managing KNM together with Billionaire guy from Germany. I am more confident seeing JOHOR SULTAN sister and Flavio Porro managing KNM. Just look at MAA guys, they are stripping KNM into pieces and they won't much left after all the selling in KNM.We as a shareholder will be doom. At least KNM will stand a chance if it fall back into the hands of people with experience in these Oil and Gas sector. Sometimes, people will pay to have some news printed so to misled people like us. Do think twice my brothers and sisters...just look at those MAA guys after taking over KNM, ....KNM landed in PN17...

Posted by doubleup > 2023-09-20 09:34 | Report Abuse

Looks like Flavio may be going to jail, based on latest reports. Now he's exposed and the commercial crime guys will be on his heels. Finally we know who is responsible for the havoc at KNM.

Posted by doubleup > 2023-09-20 11:21 | Report Abuse

KNM went into PN17 in November 2022 and was replaced by a new board. The company incurred losses close to 600m in Q4 2021, under Flavio's watch. Looking at the figures and performance alone, Flavio does not seem to be a good businessman. Like the Rick guy at GM, the chart will continue going down when these guys are in charge.

Posted by doubleup > 2023-09-20 13:00 | Report Abuse

Some people hope the new management Flavio, Andreas plus got Johor Sultan sister will make a good team. Now we know Flavio is a crook, Andreas is fake billionaire. They are making use of Johor Sultan sister prestige royalty to boost their game plan.

She is misled by these crooks just like earlier happened at AHB. Alex and gang took over last year and she helped to pump up to 30sen. Then they dumped to 12sen. Thereafter till today it's at 14sen.

The same thing will happen if she work with our two foreign guys.

They will just make her non-executive Chairman. Not likely she will put in money because she knows these two guys are just opportunists.

If AHB is an example, then the group will aim the KNM share back to zero and delisting due to PN17 failure.

Good luck to investors if they believe foreigners will be good for KNM.

Posted by Orson Chin > 2023-09-20 17:13 | Report Abuse

If u hav 1 share , u can vote it

Posted by OtisKL > 2023-09-20 17:31 | Report Abuse

@Woodswater - the right of voting at EGM is stipulated in the EGM Notice. Senang saja, kalau pegang syer sampai 11 Oktober, nama appear dalam register, boleh undi lar. 1 undi untuk 1 syer.

(ii) Please read and follow the procedures as set out in the Administrative Guide in order to register, participate and vote remotely via RPEV facilities.
(iii) A proxy may but need not be a member of the Company.
(iv) A member may appoint not more than two (2) proxies to attend and vote at the same meeting. Where a member appoints two (2) proxies, the appointments shall be invalid unless he/she specifies the proportion of his/her holdings to be represented by each proxy.
(v) Where a member of the Company is an authorised nominee as defined under the Central Depositories Act, it may appoint not more than two (2) proxies in respect of each securities account it holds with ordinary shares of the Company standing to the credit of the said securities account.
(vi) Where a member of the Company is an exempt authorised nominee as defined under the Securities Industry (Central Depositories) Act 1991 which holds ordinary shares in the Company for multiple beneficial owners in one securities account (“omnibus account”), there is no limit to the number of proxies which the exempt authorised nominee may appoint in respect of each omnibus account it holds.
(vii) To be valid, the duly completed form of proxy must be deposited at the registered office of the Company at No. 15 Jalan Dagang SB 4/1, Taman Sungai Besi Indah, 43300 Seri Kembangan, Selangor Darul Ehsan not less than twenty-four (24) hours before the time for holding the meeting or any adjournment thereof. Alternatively, the Proxy Form can also be lodged electronically via “Boardroom Smart Investor Portal” at https://boardroomlimited.my not less than twenty-four (24) hours before the time appointed for holding the meeting. Kindly refer to the procedure for Electronic Lodgement of Form of Proxy from the Administration Guide for the EGM.
(viii) The instrument appointing a proxy shall be in writing under the hand of the appointer or of his/her attorney duly authorised in writing or if the appointer is a corporation, either under its common seal or under the hand of its officer or attorney duly authorised.
(ix) For the purpose of determining a member who shall be entitled to attend this EGM, the Company shall be requesting Bursa Malaysia Depository Sdn Bhd in accordance with Clause 78 of the Company’s Constitution and Section 34(1) of the Securities Industry (Central Depositories) Act, 1991 to issue a General Meeting Record of Depositors as at 11 October 2023. Only a depositor whose name appears on the Record of Depositors as at 11 October 2023 shall be entitled to attend, speak and vote at the said meeting or appoint proxy(ies) to attend, speak and/or vote on his/her behalf.
(x) Pursuant to Paragraph 8.29A(1) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, all resolutions set out in the Notice of the EGM will be put to vote by way of poll.

Posted by OtisKL > 2023-09-20 17:37 | Report Abuse

Voting by Poll. Every question submitted to a Meeting shall be decided by means of a poll. Every Voter shall have one vote in respect of each share represented or held by him. A Voter shall not be obliged to exercise all the votes to which he is entitled or to cast all the votes which he exercises in the same way.

Posted by Dawneagle > 2023-09-20 18:57 | Report Abuse

@cyrus

Company still PN17. Past few months the BOD is giving the same answer. There is no other place or new news on the regularisation plan.

AND

Even after this shake up, knm has yet to clarify on the current situations.

Posted by CyrusQ > 2023-09-21 07:05 | Report Abuse

Dawneagle

@cyrus

Company still PN17. Past few months the BOD is giving the same answer. There is no other place or new news on the regularisation plan.

AND

Even after this shake up, knm has yet to clarify on the current situations.

# Yes im concern about this , somehow bursa listing not up to date / not live.

Posted by supersaiyan3 > 2023-09-21 07:47 | Report Abuse

This T creates few accounts to bluff but seems like he got no money to top up.

I wonder why German has no reps here? Should let people hear their side of the story.

And German made no interview?

No shareholding +/- reporting from both sides....not even Lee/Gan.....so strange.....

Posted by CyrusQ > 2023-09-21 08:31 | Report Abuse

supersaiyan3

This T creates few accounts to bluff but seems like he got no money to top up.

I wonder why German has no reps here? Should let people hear their side of the story.

And German made no interview?

No shareholding +/- reporting from both sides....not even Lee/Gan.....so strange.....

# They should work together instead

Posted by maxwin69 > 2023-09-21 08:55 | Report Abuse

We only worry about fake news and not fake accounts. Flavio posted on other sites saying that he has already been re-appointed as director of new bod. Why the Italians and Germans not post here? Err... maybe they know this forum got the real news and facts?

Very few people know. Flavio is the classic example of the biting the hand that feed him. The founders Lee family appointed some staff to high posts and Flavio was one of them.
In fact they made Flavio one of the top guys. He in turn ousted Lee and family by blackmailing them. He never expected Tunku to step in to prevent the company from going straight down. And Tunku had his hands full trying to save the company up till now; he had no time to take action against Flavio and gang. Now Flavio is coming back to do it one more time. You can bet Tunku and team will defend to the utmost. We may be bilis and watching the show. But we are also patriotic and want to see justice for our fellow Malaysians.

Posted by CyrusQ > 2023-09-21 10:08 | Report Abuse

maxwin69

We only worry about fake news and not fake accounts. Flavio posted on other sites saying that he has already been re-appointed as director of new bod. Why the Italians and Germans not post here? Err... maybe they know this forum got the real news and facts?

Very few people know. Flavio is the classic example of the biting the hand that feed him. The founders Lee family appointed some staff to high posts and Flavio was one of them.
In fact they made Flavio one of the top guys. He in turn ousted Lee and family by blackmailing them. He never expected Tunku to step in to prevent the company from going straight down. And Tunku had his hands full trying to save the company up till now; he had no time to take action against Flavio and gang. Now Flavio is coming back to do it one more time. You can bet Tunku and team will defend to the utmost. We may be bilis and watching the show. But we are also patriotic and want to see justice for our fellow Malaysians.

# Fake new allow ?

Posted by pinetree88 > 2023-09-21 11:36 | Report Abuse

Supposedly KNM’s next court hearing on Sept 20, where it will seek an extension of the restraining order to facilitate its restructuring.
Didn't see any announcement by KNM ytd and today. Thought should have decision by ytd?

Posted by Cipta > 2023-09-21 11:39 | Report Abuse

Why only virtual EGM? Should give us chance to see the crooks.

Posted by Auntylee > 2023-09-21 12:54 | Report Abuse

What is the RO extension status? Kenapa tak ada pengumuman????
Ini panggil transparency ka?????

Posted by Auntylee > 2023-09-21 13:04 | Report Abuse

Maxwin69
Your sources is true?

Posted by CyrusQ > 2023-09-21 14:37 | Report Abuse

Woodswater

maxwin no gimmick

it is true

once 🇩🇪 taking control

delisted 💯 %

# Be wise what you talk la , if you were them will you go for something to be delisted ?

Posted by CyrusQ > 2023-09-21 14:42 | Report Abuse

Auntylee

Cyprus, soly, wa baca sampai form 3 saja. Tak pandai baca inglish

# Auntylee why sound so innocent haha .. i saw your history post .. doesn't seem like you.

Posted by CyrusQ > 2023-09-21 14:42 | Report Abuse

Auntylee

Cyprus, soly, wa baca sampai form 3 saja. Tak pandai baca inglish

# Auntylee why sound so innocent haha .. i saw your history post .. doesn't seem like you.

Posted by CyrusQ > 2023-09-21 14:43 | Report Abuse

haha .sometimes i dunno why and what you guys doing with many account with different name. Guys paid to here and comment and turn thing bad haha .

Posted by CyrusQ > 2023-09-21 14:44 | Report Abuse

https://klse.i3investor.com/web/cube/profile/Auntylee

🤣🤣🤣

Posted by pinetree88 > 2023-09-21 16:20 | Report Abuse

KNM broke 0.125. Looks like chance to test previous recent high 0.135 tmr.

Posted by Adagold > 2023-09-21 16:38 | Report Abuse

I also curious why online egm. So I call up to enquire.

It seems knm shareholders really too many. It will take a mini stadium for the event. Summore German guy want fast egm so that can quickly remove all directors. So not enough time arrange normal one. No choice online egm loh.