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KNM Signs Agreement to Sell Italian Unit for 16.5 Mil Euros, of Which 11.5 Mil to Be Settled in Annual Instalments Over 10 Years
KNM Group Bhd has signed a share purchase agreement with two buyers to sell its wholly-owned unit FBM Hudson Italiana SpA, a heat exchanger and high-pressure equipment manufacturer. Under the agreement, both buyers, namely BM Carpenterie Oil & Gas Srl and Officine Piccoli SpA, will take over the 11.5 million euro loans that FBM Hudson owes to KNM as settlement for sale consideration.
KNM Group Exits Loss-Making Business in Italy for 16.5 Million Euros
KNM Group (KLSE:KNM) unit KNM Europa BV agreed to sell its entire stake in FBM Hudson Italiana for 16.5 million euros or 84.8 million ringgit, according to a Wednesday Malaysian bourse filing. The com
KNM Refutes Alleged Police Raid Reports
KNM Group (KLSE:KNM) denied media reports that said its premises were raided by the police recently, according to a Friday filing. The Malaysian management services provider clarified that the authori
MY Morning Wrap | Foreign Investors Returned to Bursa Malaysia Last Week, Says MIDF
Stocks to watch: PMB Tech, DXN
KNM Group Incurs Loss in Quarter Ended June
KNM Group (KLSE:KNM) incurred a loss attributable to owners of 19.3 million ringgit in the quarter ended June 30, according to an amended bourse disclosure on Friday. The Malaysian management services
KNM Group Incurs Loss in June Quarter
KNM Group (KLSE:KNM) incurred a loss attributable to owners of 19.4 million ringgit in the quarter ended June 30, according to a Wednesday bourse disclosure. The Malaysian management services provider
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