Posted by ragrag > 2023-10-09 16:33 | Report Abuse

they still can call another round of EGM with high % of shareholdings....

Posted by maxwin69 > 2023-10-09 16:53 | Report Abuse

The next EGM will be called right after 16/10 to formalize the sale of FBM Hudson. S&P already signed with buyer.

Posted by RedEmperor > 2023-10-09 17:00 | Report Abuse

Another way to look at this drop is there are still so many buyers willing to buy up the near 300millions shares. This is very promising for KNM.

Posted by maxwin69 > 2023-10-09 17:03 | Report Abuse

Most investors still don't realise yet but Italian German taikohs oledi abandon ship dump their shares. Even though their attempt to hijack Borsig not successful they still made at least rm12 million. If their fans and investors hang on and trust Tunku to list Borsig they will still make money later.

The worst guys are the Kenneth Vun gang. They will kantoi and lose their pants when the police catch them.

Good luck, guys! Don't panic when share price drop sharply. It's expected. It's mentioned earlier.

When the EGM is nearer this kind of thing will happen.

Posted by maxwin69 > 2023-10-09 17:09 | Report Abuse

The arrest of Kenneth Vun and gang will not be publicized. They will just burn a big hole in their pocket. Their injury will cause them to lie low and take some time to recuperate. Only ppl like us will learn about it thru the grapevine.

Posted by MacDee34 > 2023-10-09 17:16 | Report Abuse

It is clear that all these new accounts that have showed up after the EGM notice are TY people pumping false propaganda and fake news. They are full of it. that alone is good reason to vote them out.

https://focusmalaysia.my/knm-group-director-aspirants-stand-better-chance-to-turnaround-european-units/

https://theedgemalaysia.com/node/685194

Wait for any announcements from 5% shareholders and see what significant changes occured. Nobody knows who sold shares off today, certianly not the trolls listed below.

OtisKL | Joined since 2023-09-08
doubleup | Joined since 2023-09-07
Adagold | Joined since 2023-09-05
UpUpRocket | Joined since 2023-09-09
maxwin69 | Joined since 2023-09-07
SGX6138 | Joined since 2023-09-09

#1 spreader of fake news articles: haziqaz | Joined since 2023-03-04

Posted by maxwin69 > 2023-10-09 17:17 | Report Abuse

The lesson to be learned is simple. Next time foreigners will think twice before they mess around with our locals here. Especially if they are royalty. They will lose a lot of money and go back to their country with their tail between their legs.

For Flavio he may even end up behind bars.

Posted by OtisKL > 2023-10-09 18:35 | Report Abuse

@MacDee34, ooo cry baby 👶 was a newbie one time before. Just let it go and move on. Nothing much you can do keeping grudges against the board or management. "Human perceptions " originating from the betrayer of the company is the most poisonous, based on my research materials so far.

Posted by OtisKL > 2023-10-09 18:51 | Report Abuse

@RedEmperor, you are spot on.

Last week, the total market was down 0.7%, the Energy Services sector down by 3.6%, but KNM did good by 36%. Obviously due to boardroom tussles, purchases made, in between the margin players had their fun time too. So, the cut off time 5pm today for anyone to vote next Monday. Its market correction, alright. But it may hover lower than 14sen, but heavy volume unlikely to be registered. Look at the announcement made - a new substantial shareholder appeared!

Posted by MarioBros > 2023-10-09 19:03 | Report Abuse

OtisKL, no womder last friday closing at 0.175. Look like Mr Gan disposes his shared buy bought back by Tengku and Mahmud. Today no one buy, and someone disposed. Bet tomorrow or wednesday will be announce by KNM. Mahmud is son of tyt Swak and his company are also on PN17 (scable). Look like KNM will be handled by shareholder that good at making loss and drive stock into PN17 status.

Posted by AnonymousJr > 2023-10-09 19:44 | Report Abuse

New substantial shareholder:
Date interest acquired 06 Oct 2023
No of securities 203,475,000
Direct (%) 5.031
Circumstances by reason of which Securities Holder has interest;
ACQUISITION VIA THE OPEN MARKET.

Date of General Meeting Record of Depositors ; 11 Oct 2023

Date of Meeting; 16 Oct 2023

Posted by OtisKL > 2023-10-09 20:46 | Report Abuse

@MarioBros, good joke. Hahaha. I believe one needs to understand in greater depth the use of PN17, then you will know how to steer the company out of troubled waters. For those with short memory syndrome, KNM got into PN17 due to ex-Heros of Zorro & gang upon defaulting Thai bond pymts.

Posted by UpUpRocket > 2023-10-09 21:30 | Report Abuse

Yes, OtisKL, you are spot on!

Today, at the Borsig road show, Tunku outlined the concrete steps to get KNM out of PN17 by year end.

And, as you say, there emerged a substantial shareholder in the form of the son of TYT Sarawak. A lot of people believe he is actually the richest man in Malaysia. And he is backing up Tunku to save KNM and to list Borsig.

The Italian/German gang and their corporate mafia immediately retreat and mafia gang beg for forgiveness from Tunku. I believe the upcoming EGM will be a non-event as they are exiting the Malaysian scene. The reason is that not only White Shark son is behind Tunku; there are two other multi-billionaires behind him also. That why Flavio and Andreas are shitting bricks right now.

I believe you are right about MacDee34 also. He must be a disgruntled staff of KNM. Well, successful people understand that this world is not fair. We just have to live with it. Like they say, there is no point crying over spilt milk.

Posted by izoklse > 2023-10-09 22:58 | Report Abuse

wow Sarawak CM Taib Mahmud SON also now become shareholder. This become more interesting. Who actually taking control of KNM.

Posted by Bullkobear > 2023-10-09 22:58 | Report Abuse

Management
BORSIG GmbH
Holding


Board of directors:

Mr. Jürgen Stegger
Mr. Ravindrasingham Balasingham
Mr. Tunku Yakoob Khyra

Posted by MarioBros > 2023-10-10 00:17 | Report Abuse

Why you guy amazed by mahmud bekir? His SCable are in heavy debt and near nowhere to get out of pn17. Am not amazed if he dump hos share later for his own company

Posted by izoklse > 2023-10-10 01:44 | Report Abuse

mario ko kan dah jual. awat ada lagi kat sini. hahaha. pastu ko tak puas hati dengan anak taib.huhuhu.hiburan ni.

Posted by Medusa > 2023-10-10 02:25 | Report Abuse

A police report has just been lodged against Flavio claiming criminal breach of trust (CBT) involving a cost cover and breakup fee amounting to Euro $2,223,933 and Euro $1,220,933 respectively, or RM17 million. The directors of KNM have gathered enough evidence of his wrongdoing before lodging the police report.

This incident happened when Flavio was the group's general counsel. He tried to sell Borsig to his friend Andreas Heeschen but Heeschen could not provide "proof of fund," so the deal fell through.

Flavio then tried to sell Borsig to another buddy, Vorsprung GmbH, which is a small, one-man show company run by Flavio's friend. At that time the market talk was that it was a case of an ikan bilis trying to swallow a whale. Borsig is big company that is almost 200 years old.



Flavio Porro

Now, because that ikan bilis didn't have the money, Flavio put in a cost coverage clause, ie. in this case the seller pays for the due diligence cost. That cost balloned from an amount mandated by the Board to an unlimited amount, authorised by Flavio. And it also comes with a break-up fee clause which is one-sided.

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.

The break-up fee was eventually paid to Vorsprung because they can't complete the deal. The lenders rejected their loan applications. There were reports that Flavio was spotted having luxurious holidays with the buyer and their families when the sale process was on-going.

Let us pause and think. Is such a guy like Flavio really fit to be a director of KNM and run the business? From what we know now, the guy has got no integrity and he is a thief. We can't imagine what will happen to any business run by him.

Posted by klserunner > 2023-10-10 02:42 | Report Abuse

Anyone can share borsig roadshow news? If not only blow water will make ur bosses bad image

Posted by MarioBros > 2023-10-10 08:14 | Report Abuse

Izoklse, doesnt mean i sold mine i cannot comment on here. Who know i might get in later. I expect the price will drop again later when the germany team sold their share later

Posted by Jonathan Keung > 2023-10-10 08:21 | Report Abuse

Goggle but nothing so far come out or updated on the Borsig road show for their proposed listing on SGX. Borsig is basically a boiler supply firm , supply of component and processing parts based in Berlin , Germany. KNM bought over the firm in 2008 under Lee Swee Eng { founder of KNM } .it was mentioned in at back in 2021 KNM proposed to sell off Borsig to pay off their debts.Later the ink deal was called off due to certain signed terms not fulfilled

Posted by OtisKL > 2023-10-10 08:24 | Report Abuse

@izoklse, orang yang kata buang2 syer saja nak tes, seasoned broker macam @MarioBros beli stok lepas setel risiko, mesti dia pegang syer KNM lagi. KNM bukan alang2 lagi. Struktur organisasi mesti akan tukar bila Borsig public listed. Public listing macam anak cukup umur berdikari meninggalkan rumah. You never know if Borsig in turn does reverse buyouts of KNM. 😆 😂 😆

Posted by MarioBros > 2023-10-10 08:40 | Report Abuse

Jonathan Keung, I think what the Germany want is, get back their company as what TunM do with Guthrie before. But I guess their plan was fail. But time will tell either they will sold all their share in KNM or hold for the right moment to go strike again. But with yesterday drop price, I do think they already dump their share. It just a matter of time all his proxy and supporter will follow selling their share. As for Bekir Mahmud, am not against him joining the KNM but I might afraid his role. His Scable are in very high debt and in PN17. Hopefully he will only in to help tengku team

Posted by Alasako > 2023-10-10 09:03 | Report Abuse

sharp knife

Posted by Apple2353 > 2023-10-10 09:04 | Report Abuse

hari ini lagi ada cerita ke ? terjun dari langit. semua habis cerita

Posted by Medusa > 2023-10-10 09:07 | Report Abuse

Runnnnnnnnnnnnnnnnnnnnnnnnnnnnn

Kenneth mafia gang is going to be arrested

Kikiki…

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

Geng mafia Kenneth Vun cirit birit

Sudah panicked kena tangkap sold their shares

Kikiki…

Posted by dompeilee > 2023-10-10 09:11 | Report Abuse

Stock: [KNM]: KNM GROUP BHD

1 day ago

These German fellas are just robber barron wannabes.


As I predicted...These unscrupulous crooks fleecing bilis!🤣

Posted by Leoleo > 2023-10-10 09:15 | Report Abuse

his word can believe ? last time at above 20 he said knm will be cash rich...then later knm 5 cents only

Stock: [KNM]: KNM GROUP BHD

3 days ago | Report Abuse

“Shareholders have a choice, you either vote for the German team or the Malaysian team. It is very important in determining if your shares are going to be worth 40 sen or one sen,” said Tunku Yaacob in an interview today on radio station BFM.

He issued a rallying call for KNM’s 35,000 shareholders to come out and vote on Oct 16. He also expressed confidence in winning the vote at the EGM as long as it is “a fair battle”.

Posted by Leoleo > 2023-10-10 09:17 | Report Abuse

he buying the knm share mean he still un hold more than 50 %. he scare he will lose, thats why he is buying.

any idea german holding how much ?? people wont simply launch the attack one.

Posted by birkincollector > 2023-10-10 09:28 | Report Abuse

oh wow...german giving up???

Posted by Medusa > 2023-10-10 09:32 | Report Abuse

Insider: More scandal uncovered in Kenneth Vun mafia by intelligence investigation

Runnnnnnnnnnnnnnnnnnnnnnnnnnnn

Kikiki…

Posted by gemtech8888 > 2023-10-10 09:32 | Report Abuse

Limit down omg

Posted by MacDee34 > 2023-10-10 09:32 | Report Abuse

So many false propaganda stories all supporting TY. ignore all these silly stories about past mafia and crooks who have nothing to do with this corporate exercise. This only reflects on the character of those making up this crap. all nonsense. The below accounts were created only to spread these lies. rely only on reliable sources of news in Malaysia and ignore the comments from new accounts with fake news and false stories.


OtisKL | Joined since 2023-09-08
doubleup | Joined since 2023-09-07
Adagold | Joined since 2023-09-05
UpUpRocket | Joined since 2023-09-09
maxwin69 | Joined since 2023-09-07
SGX6138 | Joined since 2023-09-09

Posted by gemtech8888 > 2023-10-10 09:33 | Report Abuse

Like this many bills die

Posted by Alex Chua > 2023-10-10 09:33 | Report Abuse

German group bought cheap cheap less than 10 cents then launch takeover.. sell at higher price to Malaysian team lols

Posted by gohkimhock > 2023-10-10 09:34 | Report Abuse

Oh! What a slaughter..

Posted by rr88 > 2023-10-10 09:34 | Report Abuse

Hu hu hu...parabolic bubble has collapsed. When bubble bursts, there wont be any rebound. RIP.

Posted by smallrail > 2023-10-10 09:35 | Report Abuse

why price keep drop?

Posted by xuxu > 2023-10-10 09:36 | Report Abuse

Operators sold all 16-17 cts already

Posted by gemtech8888 > 2023-10-10 09:38 | Report Abuse

Many going to jump building like this

Posted by rr88 > 2023-10-10 09:42 | Report Abuse

Sell. 5 cents coming.

Posted by sapurainsider > 2023-10-10 09:42 | Report Abuse

Good washout. next leg 0.5

Posted by Medusa > 2023-10-10 09:44 | Report Abuse

Price dropped becoz geng mafia scandal exposed. Quickly sell before authorities arrest them

Runnnnnnnnnnnnnnnnnnnnnnnnnnnn

Kikiki…

Posted by gohkimhock > 2023-10-10 09:45 | Report Abuse

If you are speculating, it is time to get out. RM0.02 advice..

Posted by MacDee34 > 2023-10-10 09:48 | Report Abuse

I don't know why the fake news reports that this is a German takeover. there is only 1 German in this exercise and the primary assets of KNM are in Germany. Tunku Kamariah Aminah Maimunah Iskandariah Binti Sultan Iskandar is the head of this exercise as clearly stated in the real news. People need to vote based on the facts and truth, not the nonsense Tunku Yaacob pays the fake news to pump into your face. The behavior of TY and Ravi is disrespectful and unprofessional, he should be held to account for his actions.

Posted by purple70 > 2023-10-10 09:51 | Report Abuse

MacDee34 - you nailed it!

Now, all TY cytros n sycophants have run out thinking that TY is safe, l;ittle do they know that legally, anyone who has entitlement to be a share holder b4 EGM , can demand to be allowe dto attend!

So, here you go...the battle picks up again now that all these fellows been washed off!

Posted by Medusa > 2023-10-10 09:56 | Report Abuse

Follow medusa lose 0%

Follow others Holland coming

Luckily listened sold yesterday

Kikiki…

Posted by Medusa > 2023-10-10 10:00 | Report Abuse

Stuppiiiid only say fake news.

Terang2 geng mafia Kenneth Vun is behind the scene. German is only his puppet to sell become like other penny stock. Bank also dont want loan to fake “billionaire”

Follow medusa lose 0%

Follow others Holland coming

Kikiki…

Posted by batigoal > 2023-10-10 10:06 | Report Abuse

Any reason for dropping ?