KNM Bhd received binding and irrevocable offers to acquire the entire stake in its Italian unit FBM Hudson Italiana SpA for a total amount of 16.5 million euros (approximately RM84.99 million). The potential purchasers are Milan-based BM Carpenterie Oil & Gas SRL, which is offering to acquire 60% of the stake in FBM Hudson for 9.9 million euros, and Verona-based Officine Piccoli SpA, which seeks to acquire the remaining 40% stake for 6.6 million euros. The offers came after the Italian government had in November 2023 rejected the proposed disposal by KNM Bhd’s wholly-owned subsidiary KNM Europa BV of its entire stake in FBM Hudson to the United Arab Emirates' Petro MAT FZCO. Notably, the new offers would value FBM Hudson lower than Petro MAT's previous offer of 22 million euros. KNM receives new offer to acquire Italian unit for 16.5 mil euros
Tunku Yaacob Khyra: The Mastermind Behind KNM Group Bhd’s Vote Rigging Scandal:
Wow, you have to remember to check the internet news with a proxy or VPN these days. So much is blocked about KNM and the crooks running it. Shame on our MCMC for supporting fraudsters Like Tunku Yaacob Khyra and his failed MAA management running KNM.
If you can't access the link below, here is a small part of it exposing Tunku Yaacob: Unfolding Allegations and Key Developments:
The scandal has unraveled further with the disclosure of communications from shareholders in reference to the KNM extraordinary general meeting (EGM) results from the 16 October 2023 election. These shareholders have expressed their outrage upon discovering that their names and shares were used without their consent, seemingly to secure Tunku Yaacob’s position at the helm. This misuse of shareholder identities has severely compromised the EGM’s integrity and placed Tunku Yaacob as the primary beneficiary of this fraudulent scheme.
The gravity of the situation was highlighted by the CCID’s intervention, where documents were seized from the Company Secretary’s office and the voting registrar. The focus was on suspected forged proxy forms. More than ten shareholders have reported that they were contacted by the CCID and interviewed, only to discover that their names were used and signatures forged.
It would be better if a police report is lodged. As shareholders we can't be sure exactly what happened; who did what, whether there is actual wrongdoing. There are many questions and speculation involved. How many shares are involved? Did it affect the outcome materially? Who did it, when and how it was done? I hope the authorities can investigate and clear Tunku's name if someone else did it instead of him. It would be fair, right?
Today the war in Gaza is very high profile. As a Muslim country we are fully aligned with Palestinans and calls for ceasefire. Everyday lots of innocent children and women are being killed in Gaza/Palestine. Our German guy keeps manufacturing and selling firearms to the IDF. Thus they will be barred and stopped from doing business in Malaysia involving Malaysian companies like KNM. Voters and shareholders, especially Muslims, will be discouraged from supporting them.
So, despite all the past and future efforts and maneuvres, they will keep failing. Too bad. They have no choice but to try other countries. Malaysia is too tough for them.
And Andreas Heeschen is the boss and CEO of Heckler & Koch. The firearms sold by the company have killed an estimated 2 million people, including Mexicans and Muslims in conflict zones.
Brent crude oil has been at $80 or more for the past months and years. At this level of high price it will cause inflation in America and other parts of the world. Oil-producing countries like Malaysia will benefit but most other countries will suffer.
Let's hope, ini kali lah! Some people have waited a long time. After EGM we agreed to give the new management some time to dispose non-profitable assets and to list Borsig in Singapore. The deadline will be looming soon.
There are few interesting happenings lately. They just appointed Abdul Gani to the board. And he's closely linked to that Dato Ishak guy...
The deadline is coming up soon. We hope Borsig can list successfully after so long. Anyway we can't expect German guy to just give up, after investing his money. So, KNM has taken steps to make sure royal family like Tengku Kamariah don't support him. Because he is involved in selling weapons for killing Palestine women and children. The report is here. Andreas Heeschen will have to find other royalty to support him. It will be troublesome for him.
Honestly, since borsig has a good record in hydrogen in germany, why the heck arent they promoting full.force into malaysia? Malaysia also doing hydrogen projects ma....adui. Even a simpleton like me can figure out
patience is the key. Turn around will take time. Not for the faint hearted. Remember TY has lots to lose if knm goes under. I think he has invested >100mil to date. Perhaps they are getting more ppl in to help turn around knm, no doubt still slow
Tengku wants to pre-empt German move. He don't want to underestimate his opponent. Firstly, he wants royal Tengku girl to stay away from him. Heeschen is toxic firearms guy, even involved with killing Palestinians women and children.
what pre-empt I dun think the german andrew is interested anymore in this company. There has been no news at all from the german side for so long. Why are you guys still talking about it. alamak
Yes, new appointments are interesting, esp Mr Ishak. But German guy earlier invested time money and effort do EGM. We hope he can just give up like that but it's likely he won't. He may want to make another attempt?
Abdul Gani is a powerful addition to the board. He is well qualified and has lots of experience handling different portfolio. With his connections to other powerful corporate figures the management would be formidable.
Tengku Kamariah and Malaysians have to support Palestine to avoid atrocities there. Stay away from German Andreas Heeschen because he is supplying arms there.
Tunku got 2 KPI - list Borsig in Singapore and sell off loss-making assets to get back some cash. It seems that the FBM part finally done. It will reflect well on his performance even though some may not be happy with the selling price. At least it shows the performance.
I also can do ma. selling thing u dunno meh ? any tom and harry can do
maxwin69
Tunku got 2 KPI - list Borsig in Singapore and sell off loss-making assets to get back some cash. It seems that the FBM part finally done. It will reflect well on his performance even though some may not be happy with the selling price. At least it shows the performance.
Just curious. Why is the volume so high these 3 days? Is somebody or a group pushing down to collect at low prices? Its almost 200mil shares these few days. 5%. Plus is TY n abu bekir comfortable with prices dropping so low while they have invested 100m n 30m plus each? Looks to me it doesnt make sense at all. At this rate even MAA will go lose big since MAA is the major shareholder. And maa belongs to ty
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ocbc
919 posts
Posted by ocbc > 2 months ago | Report Abuse
TY/MAA wants better control since Borsig to be listed in SGX likely this year.