OTHERS [MONTHLY STATUS UPDATE] Default in Payment by KNM Group Berhad pursuant to Paragraph 9.19A of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad
KNM GROUP BERHAD
Type | Announcement |
Subject | OTHERS |
Description | [MONTHLY STATUS UPDATE] Default in Payment by KNM Group |
Berhad pursuant | |
to Paragraph 9.19A of the Main Market Listing Requirements of | |
Bursa Malaysia Securities Berhad |
Unless otherwise defined herein, all terms and acronyms used herein shall be the same as those defined in the Company's previous announcements dated 18 November 2021 onwards in relation to default in payment of Thai Bonds.
Reference is made to the previous announcements dated 18 November 2021, 22 November 2021, 6
December 2021, 10 December 2021, 16 December 2021, 21 December 2021, 29 December 2021, 31
January 2022 and 1 March 2022.
The Board of Directors of KNM Group Berhad (the "Company") wishes to announce that the Company had entered into bilateral negotiations with CGIF in order to satisfy the Reimbursement Demand in a timely manner. The Company is in close communication with CGIF on the Company's ongoing refinancing plans to address this event of default and where applicable, to reimburse CGIF the guaranteed amount paid by CGIF to the bondholders.
The Company will make the necessary announcement to Bursa Malaysia Securities Berhad as and when there is material development in relation thereof.
This announcement is dated 1 April 2022.
Announcement Info
Company Name | KNM GROUP BERHAD |
Stock Name | KNM |
Date Announced | 01 Apr 2022 |
Category | General Announcement for PLC |
Reference Number | GA1-31012022-00016 |
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Disclaimer
KNM Group Bhd published this content on 01 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 April 2022 16:07:08 UTC.