I contacted some senior staff earlier before their EGM. I still keep in touch with them. Last time they give me lot of information but lately they also didn't say anything about listing Borsig. So I have to assume the project didn't go through. But they remain confident KNM will get a breakthrough soon. No details yet. I will update once I got some news.
A lot of people are scared about MCMC new Act. Personally, I believe it has something to do with politics, like silencing the opposition.
Wow, Tengku and his MAA keep on accumulating KNM shares. Any good news.....brothers and sisters. Just for a laugh....looks like they are taking KNM private....
Unconfirmed good news. Yes, they are selling at good price which will generate huge cash and improve cash flow. They will not take KNM private but lift it out of PN17. But still waiting confirmation. As we can see, MAA and KNM seem very optimistic. We are holding our breath and waiting to confirm.
@ SGX6138....i was just kidding to say KNM would go Private. If it should go private it is no good for existing shareholders. If the price is high by going Private it will be a big welcome but if the Privatization price is low then it will be a bad news for the existing shareholders.bWhen Tengku and his MAA gang keep on buying up KNM shares....i am quite worried that this will happen. Hopefully not because it is not a healthy thing to do for existing shareholders....
Any idea in which direction the process will go? Japanese company still interested in buying BORSIG? And do you think that Oct 2024 will be the final extension point?
Supposed to confirm the good news last month. Now is October oredi still nothing confirmed. Me and few friends running out of patience, just like a lot of other investors.
Our friends from inside KNM also not so helpful giving inside news except saying hang in there. You start to panic and sell when our Boss Tunku start to sell. As long he still buying please be patient. There are formalities that need time to complete.
I'm thinking of selling and investing something else. But then I didn't all-in earlier. Only 15% of my account in KNM. So I will hold aje till the end. Hope Tunku and his team don't disappoint me and my fellow investor friends.
Good luck, guys. Sorry I can't help with better news for now.
Yes, time is running out. But the deal is still on track. From what I know the buyer is still very interested but they have some internal compliance issues to iron out. And probably a bit of haggling on the price. Let's hope it won't derail the deal. Fingers crossed. I will keep our friends updated if I have any info. The management is keeping a tight lid on this deal for some reason. Hope they give shareholders a pleasant surprise instead of a nasty one when the time comes.
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SGX6138
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Posted by SGX6138 > 2024-07-31 07:17 | Report Abuse
coolinvestor
I contacted some senior staff earlier before their EGM. I still keep in touch with them. Last time they give me lot of information but lately they also didn't say anything about listing Borsig. So I have to assume the project didn't go through. But they remain confident KNM will get a breakthrough soon. No details yet. I will update once I got some news.
A lot of people are scared about MCMC new Act. Personally, I believe it has something to do with politics, like silencing the opposition.