A group of KNM Group Berhad (KLSE:KNM) shareholders planning to take over the company?s leadership, led by German billionaire and substantial shareholder Andreas Heeschen, has dismissed speculation that they would sell KNM's crown jewel, the BORSIG GmbH. In a joint statement, the group said instead, they plan to grow KNM to its fullest potential, with the new board's plan being the turning point and would introduce sustainable growth over the next five years. They said the plan includes the injection of capital and assets, significant investments, upgrades in professional management, cross-border transactions, cooperation with inter-governmental bodies, partnerships with Fortune 500 companies, and financial engineering.
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5-day change | 1st Jan Change | ||
0.085 MYR | +6.25% | +21.43% | -5.56% |
13/05 | Malaysia's MAA Group Buys 4.98% Stake in KNM Group | MT |
10/05 | KNM Unit Secures MYR13.5 Million Loan from MAA Credit; KNM's Shares Slump 7% | MT |
1st Jan change | Capi. | |
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-5.56% | 7.31Cr | |
-7.17% | 6.91TCr | |
+3.35% | 3.31TCr | |
-3.66% | 3.29TCr | |
+31.93% | 1.15TCr | |
+27.87% | 915.16Cr | |
-7.05% | 745.59Cr | |
+16.64% | 648.69Cr | |
+50.18% | 602.43Cr | |
+49.92% | 570.41Cr |
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