Posted by lversoncylee > 2020-07-07 18:50 | Report Abuse

Haha, noon time news already out la.. if up today already goes up le

Posted by jek2288 > 2020-07-07 19:23 | Report Abuse

Good prospects and big opportunities in sarawak.expecting knm fly tomoro.

Posted by Godofgambler > 2020-07-07 20:00 | Report Abuse

https://www.theedgemarkets.com/article/knm-forms-jv-undertake-projects-sarawak

Posted by Godofgambler > 2020-07-07 20:06 | Report Abuse

Is good to hear general Lee resign..

Posted by Mabel > 2020-07-07 20:45 | Report Abuse

@Jack Y meow meow, meow meow you shall have no pie......
07/07/2020 10:29 AM

5 consecutive profits worth holding..

Ethanol

BORSIG

Still holding..

See you at 29 sens.. All holding shares FOC mah..

Surprised to see General Lee desposing 50,000, 000 shares..

This is not good example.. Time to change him..

Meow

Posted by Mabel > 2020-07-07 20:46 | Report Abuse

It's been a while KNM has not announced any new contact..

Last year we have a long list. What happens to that list?

Meow

Posted by Mabel > 2020-07-07 20:48 | Report Abuse

Retirement can still hold shares mah...

Another margin call?

Posted by Jack Y > 2020-07-07 21:30 | Report Abuse

Actually Lee retired is a good news for share Holder. I just wonder who is the next CEO. Sardin. Is that u ??? Lee sold share maybe buy med stock??

Posted by KAQ4468 > 2020-07-07 22:08 | Report Abuse

peewwwitttttt

Posted by KAQ4468 > 2020-07-07 22:09 | Report Abuse

sudah pencen ...disposed la

angkat wang , bawa masuk kubur

Posted by malva > 2020-07-07 22:31 | Report Abuse

KNM Group Bhd founder Lee Swee Eng, aged 64, is retiring. He will relinquish his posts as group chief executive officer (CEO) and executive director on Thursday (July 9).

Posted by malva > 2020-07-07 22:32 | Report Abuse

will hand over both positions to the group's incumbent chief financial officer (CFO) Tan Koon Ping. Wong Toh Sing will take over as group CFO.

Posted by malva > 2020-07-07 22:33 | Report Abuse

Lee's spouse, Gan Siew Liat, who is KNM's executive director, will be designated as vice-chairman of the company. Lee holds a 2.62% direct stake and a 6.54% indirect stake in KNM

Posted by LKOH > 2020-07-07 22:35 | Report Abuse

Ir Lee needs money to pay fine stated in SC civil suit

Posted by riko > 2020-07-07 22:43 | Report Abuse

from 4 to 1 consolidation to rm2 back in 2010 ......... and drop back to 0.2x now ...
KNM or KNN ... doesn't matter.

Posted by wjc4195 > 2020-07-08 04:06 | Report Abuse

JV News Tomorow up 4 ticks

Posted by jek2288 > 2020-07-08 06:35 | Report Abuse

Best performance today in months?

Posted by RedEmperor > 2020-07-08 07:42 | Report Abuse

New CEO is always for the betterment of the company, with new direction and new ventures.

Posted by Survivor13 > 2020-07-08 07:48 | Report Abuse

New CEO, new era, new high. Go go go

Posted by Survivor13 > 2020-07-08 07:51 | Report Abuse

Old CEO resigned after new Jv announcement. Meaning old CEO not able to change, move on. Give new ceo a boost today

Posted by Survivor13 > 2020-07-08 07:56 | Report Abuse

However, very thanks.for General Lee for managing KNM well during crisis. Stay healthy and all the best.

Posted by PenghuluGia > 2020-07-08 08:02 | Report Abuse

Good morning All. Wow. What an evening of suprises, good and not so good. Ir Lee's colourful journey in the industry coming an end. Years of knowledge and experience coming to an end. Hopefully that could be passed down to the next generation.

Moving on, exciting times are ahead. Looking forward to see KNM participating in this RM20bln project and hopefully the local partner could help open doors for KNMs new leadership to SEDC, PETROS and other Sarawak Agencies.

https://www.theborneopost.com/2020/07/03/bintulu-petrochemical-hub-to-create-74000-jobs-contribute-rm20-bln-to-gdp/

--------------------------------------------------------------------------------------------

Godofgambler https://www.theedgemarkets.com/article/knm-forms-jv-undertake-projects...
07/07/2020 8:00 PM

Posted by Dkk08 > 2020-07-08 08:12 | Report Abuse

Based on SC announcement ,Gen Lee was sued for insider trading with $11m disgorgement of profits and $1m fine plus removal of all directorship and mgt post in listed co..also cannot trade any msian listed co shares for 5 yrs..so likely he is forced to resign..not real retirement

Posted by RedEmperor > 2020-07-08 09:24 | Report Abuse

Awgku Mohd Reza Farzak Bin Awg Daud will open door for KNM in Sarawak!!!

Posted by RedEmperor > 2020-07-08 09:26 | Report Abuse

Encik Awgku Mohd Reza Farzak Bin Awg Daud serves as Executive Director of the Company. Encik Awgku Mohd Reza Farzak Bin Awg Daud began his corporate career in the oil and gas industry with Serba Dinamik Sdn. Bhd. in 2004 as an Assistant Project Manager. During his tenure with the Serba Dinamik's Group, he played an instrumental role in the successful completion of more than 40 maintenance, repair and overhaul projects which contributed significantly to Serba Dinamik's growth. Subsequently, in 2014, he started his own oil and gas MRO company, Trillion Axis Sdn. Bhd. to capture a slice of the MRO market in East Malaysia. In 2017, through the ADAP 40rty Group, he ventured into businesses ranging from realty, retailing, hospitality, tourism and travel, food and beverage, agriculture, deep sea fishery, ship management to advanced cooling systems and non-explosive rock breaking technology. He then co-founded ADAP Capital Sdn. Bhd. in 2019, an investment and private equity company. Since its incorporation, ADAP Capital Sdn. Bhd. has acquired significant stakes in several listed companies listed on Bursa Malaysia Securities Berhad. In 2020, he founded ADAP Kenyalang Holdings Sdn. Bhd., a Bintulu based investment holding and venture partner vehicle to enhance the hornbill state presence in the essential services sectors in Malaysia. Since the incorporation of ADAP Kenyalang Holdings Sdn. Bhd., the company is actively embarked into negotiation to purchase several tier-1 companies which involve in oil and gas and engineering and telecommunication industry. With over 15 years of experience in corporate world and as an entrepreneur, Encik Awgku Mohd Reza Farzak Bin Awg Daud is an Executive Director of 10 companies, Managing Director of 3 companies, Executive Chairman of a Tier-1 oil and gas company and member of the Board of several companies.

Posted by Jack Y > 2020-07-08 09:30 | Report Abuse

ya.first if ntg happen, Lee wont resign in sudden, does not make sense. although knm cant perform well on this well, but atleast wont fall into bankrupt.
this thing we should worry is, new CEO dont have much share in knm, how loyalty to knm company..lols

Posted by Jack Y > 2020-07-08 09:33 | Report Abuse

@
Dkk08 where u saw the news? can share? thx

Posted by investortrader88 > 2020-07-08 10:31 | Report Abuse

https://www.sc.com.my/regulation/enforcement/actions/civil-actions-and-regulatory-settlements/civil-action-in-2020

Posted by kenie > 2020-07-08 10:34 | Report Abuse

Insider trading Lee Swee Eng

On 29 April 2020, a civil action was initiated against Lee Swee Eng for an alleged breach of section 188(2) of the Capital Markets and Services Act 2007 (CMSA) in respect of the disposal of KNM Group Berhad shares by Lee Swee Eng. The SC sought, among others, the following:

A declaration that Lee Swee Eng has contravened section 188(2) of the CMSA;
Payment of the sum of RM11,003,574.00 which is equivalent to three (3) times the amount of RM3,667,858.00 being the difference between the price at which the said shares were disposed and the price at which the said shares would have been likely to have been disposed at the time of the disposal, if the Inside Information had been made generally available;
A civil penalty of RM1,000,000.00;
An order that Chang Kee Soon be removed of directorship and management positions in any public listed companies in Malaysia;
An order that Lee Swee Eng be barred from being a chief executive or director from being involved in the management, directly or indirectly of any public listed company in Malaysia for a period of 5 years from the date of judgment;
An order that Lee Swee Eng be restrained from trading in any securities on Bursa Malaysia for a period of 5 years from the date of judgment.
Interest and Costs.

Posted by kenie > 2020-07-08 10:37 | Report Abuse

knm up and down is lee swee eng goreng...No lee KNM no show lo...

Posted by josephn > 2020-07-08 10:56 | Report Abuse

Bad news also can make KNM rise to 0.235, not that bad

Posted by josephn > 2020-07-08 10:57 | Report Abuse

Will break 0.25 soon if continue like that

Posted by josephn > 2020-07-08 11:00 | Report Abuse

Maybe after General Lee resigned, Russian company will take over the company as Sardin mentioned previously. General Lee cannot purchase shares anymore for 5 years. Probably the 50% ownership of the company can be bought by other company.

Posted by josephn > 2020-07-08 11:03 | Report Abuse

Borsig finally being bought by other country, General Lee cannot prevent this anymore.

Posted by makemoney1 > 2020-07-08 11:05 | Report Abuse

What bad news is cover with good news. JV for petroleum complex in Sarawak 21 billion ringgit project to be completed in 2022. So is kena jackpot lo...

Posted by Dreams2Truth > 2020-07-08 11:06 | Report Abuse

50,000,000 × RM0.22 = RM11,000,000
The amount of KNM shares sold by General Lee matches with the fine amount by SC!

Posted by Dkk08 > 2020-07-08 11:11 | Report Abuse

With Gen Lee out now, probably ADAPC or Serba can takeover the co..weak major sh shares of<10% are all under margin account with FI..should be easy target. 50m shares disposed of few days ago cld be a precursor to more exciting things to come? $1.00 in sight Liao??

Posted by Jack Y > 2020-07-08 11:14 | Report Abuse

anyone can take over the knm now.... lols..

Posted by cylim4877 > 2020-07-08 11:14 | Report Abuse

With ethanol also, possible

Posted by Jack Y > 2020-07-08 11:16 | Report Abuse

maybe on march Kena margin call that time, force sold the share and kena this civil action?

Posted by wjc4195 > 2020-07-08 11:16 | Report Abuse

profiting bastards 1/2 sen also, wait lah sikit!!!!

Posted by cylim4877 > 2020-07-08 11:18 | Report Abuse

Financially Stronger major share holder is always better.

Posted by MoneyHeist > 2020-07-08 11:21 | Report Abuse

Buy now before regret. I think 330pm show today

Posted by josephn > 2020-07-08 11:21 | Report Abuse

Maybe Sardin planning to takeover KNM, who knows.

Posted by KAQ4468 > 2020-07-08 11:22 | Report Abuse

peewwwittttttt

Posted by Primeinvestor > 2020-07-08 11:27 | Report Abuse

awangggg is in

Posted by Jack Y > 2020-07-08 11:27 | Report Abuse

now share price will continue goes up...... fly~

Posted by KAQ4468 > 2020-07-08 11:28 | Report Abuse

i smell 40 cents

i smell 50 cents

i smell 60 cents

i smell 70 cents

Posted by Jolly > 2020-07-08 11:36 | Report Abuse

Wat is the TP ? This Awang not the Serba Awang , right ?

Posted by josephn > 2020-07-08 11:47 | Report Abuse

Maybe Serba dinamik going to takeover KNM after seeing the potential of Borsig with recent disposal of Investment in Singapore's firm to invest into better company like KNM.

KUALA LUMPUR (July 7): Serba Dinamik Holdings Bhd is divesting its 25.2% entire equity interest in Singapore-listed CSE Global Ltd for S$57.67 million (RM177.33 million).

Encik Awgku definitely have relationship with Serba Dinamik.

Encik Awgku Mohd Reza Farzak Bin Awg Daud serves as Executive Director of the Company. Encik Awgku Mohd Reza Farzak Bin Awg Daud began his corporate career in the oil and gas industry with Serba Dinamik Sdn. Bhd. in 2004 as an Assistant Project Manager. During his tenure with the Serba Dinamik's Group, he played an instrumental role in the successful completion of more than 40 maintenance, repair and overhaul projects which contributed significantly to Serba Dinamik's growth.