Malaysia's MAA Group Buys 4.98% Stake in KNM Group

Malaysia's MAA Group (KLSE:MAA) said it has so far acquired a 4.98% stake in management services provider KNM Group (KLSE:KNM), according to a Friday Malaysian bourse filing. The stake comprising 201.

MT Newswires02:39 ET

MAA Raises Stake in KNM to 13.54%

MAA Group Bhd (KL:MAA) has acquired an additional 201.48 million shares, or a 4.98% stake, in troubled Practice Note 17 (PN17) company KNM Group Bhd (KL:KNM) for RM33.24 million, or an average price 16.5 sen per share.

The Edge MarketsMay 10 08:08 ET

MAA Loans RM13.5 Mil to KNM for Working Capital

MAA Group Bhd (KL:MAA), a substantial shareholder of KNM Group Bhd (KL:KNM), has extended a RM13.5 million loan to address the working capital requirements of the Practice Note 17 (PN17) company.

The Edge MarketsMay 9 10:54 ET

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.

The Edge MarketsMar 28 05:02 ET

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

MT NewswiresMar 28 03:37 ET

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

MT NewswiresDec 18, 2023 00:21 ET