Announcement • Oct 07
Bursa Rejects KNM's PN17 Exit Plan, Trading Suspension Set for Oct. 13 Bursa Malaysia has rejected KNM Group Bhd's plan to exit its Practice Note 17 (PN17) status, saying the company failed to prove it can grow and sustain its business, and that its proposal does not fully address the issues behind its financial troubles. Following the decision, trading of KNM shares will be suspended on Oct. 13. The stock may be delisted by Nov. 5, unless the group appeals. Announcement • Apr 29
KNM Group Berhad, Annual General Meeting, Jun 05, 2025 KNM Group Berhad, Annual General Meeting, Jun 05, 2025, at 10:30 Singapore Standard Time. Location: royal ballroom 3, palace of the golden horses, jalan kuda emas, mines wellness city, 43300 seri kembangan, selangor darul ehsan, Malaysia Announcement • Mar 26
KNM Group Berhad Falls into Paragraph 8.03A(2) (a) and (b) of the Main Market Listing Requirements KNM Group Berhad has triggered Paragraph 8.03A(2) (a) and (b) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“MMLR”) due to the following: (a) Paragraph 8.03A(2)(a) of the MMLR has been triggered after the discontinued operation of Deutsche KNM GmbH (“DKNM”) pursuant to the Company’s announcement on 27 February 2025 in relation to the proposed disposal of 100% equity interest in DKNM to NGK Insulators Ltd. for a disposal consideration of EUR 270.00 million (“Proposed Disposal”). DKNM and its subsidiaries are KNM’s major business contributing approximately 80.82% of the Group’s total revenue for the latest audited financial statement for financial year ended 31 December 2023; and (b) Paragraph 8.03A(2)(b) of the MMLR has been triggered pursuant to the latest unaudited consolidated revenue for the financial statements for financial year ended 31 Dec. 2024 of MYR 4.91 million being less than 5% of its share capital which signifies the Company has an insignificant business or operations. Accordingly, the Company is considered as an affected listed issuer (“Affected Listed Issuer”). Pursuant to Paragraph 8.03A(3) of the MMLR, the Company must comply with the following: (a) Immediately announce to Bursa Malaysia Securities Berhad (“Bursa Securities”) of its condition and provide such information from time to time for public release in accordance with the disclosure obligations set out in Paragraph 4.0 of Practice Note (“PN17”) of the MMLR, with the necessary modifications; (b) Regularise its condition by complying with the requirements set out in Paragraph 8.04(3) and Paragraph 5.0 of PN17 of the MMLR, with the necessary modifications; (c) Comply with such other requirements or do such other acts or things as may be prescribed or required by Bursa Securities. As an Affected Listed Issuer, the Company is required to comply with the following: (i) regularise its condition in the following manner: (a) within 12 months from the date of the First Announcement: (1) submit a regularisation plan to the Securities Commission Malaysia (“SC”) if the plan will result in a significant change in the business direction or policy of the Company; or (2) submit a regularisation plan to Bursa Securities if the plan will not result in a significant change in the business direction or policy of the Company, and obtain Bursa Securities’ approval to implement the plan; (b) implement the plan within the time frame stipulated by the SC or Bursa Securities, as the case may be; (ii) announce within 3 months from this First Announcement, on whether the regularisation plan will result in a significant change in the business direction or policy of the Company; (iii) announce the status of its regularisation plan and the number of months to the end of the relevant timeframes referred to in Paragraphs 5.1 and 5.2 of PN17 of the MMLR, as may be applicable, on a monthly basis until further notice from Bursa Securities; (iv) announce its compliance or non-compliance with a particular obligation imposed pursuant to PN17 of the MMLR, on an immediate basis; (v) announce the details of the regularisation plan and sufficient information to demonstrate that the Company is able to comply with all the requirements set out in Paragraph 5.4 of PN17 of the MMLR after implementation of the regularisation plan, which the announcement must include a timeline for the complete implementation of the regularisation plan and to be announced by the Company’s Principal Adviser; and (vi) where the Company fails to regularise its condition, to announce the dates of suspension and de-listing of its listed securities immediately upon notification of suspension and delisting by Bursa Securities. If the Company fails to comply with any part of its obligations to regularise its condition within the timeframes permitted by Bursa Securities, Bursa Securities shall: (i) suspend the trading of the Company’s listed securities on the 6th market day after the date of notification of suspension by Bursa Securities; and (ii) de-list the Company, subject to the Company’s right to appeal against the de-listing within 5 market days from the date of notification of de-listing by Bursa Securities. Reference is made to the Company’s First Announcement on 31 October 2022 where the Company is classified as an affected listed issuer under PN17 of the MMLR, and notwithstanding of Section 2 of this announcement that the Company had triggered Paragraph 8.03A(2) of the MMLR, the Company has approximately one (1) month, i.e. up to 30 April 2025, to submit its regularisation plan to the relevant regulatory authorities for approval. The Company is in the midst of formulating a regularisation plan to address its financial condition and the Company shall make the necessary announcement(s) with regard to the development of the above matter. Announcement • Jul 04
KNM Group Receives New Bids for FBM Hudson Italiana Sale KNM Group Berhad (KLSE:KNM) has announced that it is currently evaluating new purchase offers from potential buyers for its subsidiary, FBM Hudson Italiana SpA. In a statement to the stock exchange on 03 July 2024, KNM stated, "The company has received new purchase offers from other parties and is currently assessing its options. Further updates on the proposed disposal will follow in due course." This development follows KNM Europa BV's previous attempt to sell its entire 100% equity interest in FBM Hudson Italiana, as per a share purchase agreement (SPA) that expired on June 30, 2024. KNM Group has encountered regulatory hurdles from the Italian government, which twice blocked previous attempts to finalize the sale of FBM Hudson Italiana. The Italian government invoked its golden power rights, allowing intervention in transactions involving strategic assets related to defense, national security, and critical infrastructure. In March 2024, KNM Europa BV sought to sell FBM Hudson Italiana to BM Carpenterie Oil & Gas Srl. and Officine Piccoli SpA. for approximately MYR 84 million. However, the transaction faced obstacles due to the failure to secure necessary regulatory clearance under Italy's stringent framework. The disposal of FBM Hudson Italiana forms part of KNM's strategic efforts to restructure and bolster its financial standing amid ongoing losses in its European operations. Announcement • Jun 06
KNM Group Berhad Announces the Re-designation of James Beltran to the New Position of Non Independent Non-Executive Vice/Deputy Chairman KNM Group Berhad announced the re-designation of Mr. James Beltran, age 58, to the new position of Non Independent Non-Executive Vice/Deputy Chairman from the previous position of Non-Independent Director, effective from 05 June 2024. Announcement • Mar 21
KNM Group Berhad Appoints Dato' Abd.Gani Bin Yusof as Independent and Non Executive Director KNM Group Berhad appointed DATO' ABD.GANI BIN YUSOF as Independent and Non Executive Director. Date of change is March 20, 2024. Age is 69. Qualifications includes Bachelor of Science Degree (Housing, Building & Planning) BSc. (HBP) Hons from University Sains Malaysia, Penang. Working experience and occupation: Dato' Abd.Gani bin Yusof, a Malaysian aged 69, has been in the multi discipline industry for more than 40 years having started his career in 1980 with Peremba Berhad as Project Manager, Property Investment Company. Graduated with a Bachelor of Science (HBP) 2nd Class Upper from University Sains Malaysia (USM), Penang in 1980. During his tenure in Peremba Berhad, he led the construction and completion of the Saujana Golf & Country Club, a renowned golf resort development. He left Peremba Berhad and joined United Engineers (M) Bhd (UEM) in 1988 as a General Manager until 1991 when he was promoted to Project Director. While in UEM he also served as Managing Director of Linkedua Construction of the Malaysia-Singapore Second Link Project and the development of the Nusajaya Township. Dato' left UEM to pursue his private investment opportunities and he established Magna Prima Berhad (MPB), a property development company and Metronic Global Berhad, an engineering and IT based conglomerate. Both corporations are listed on Bursa Malaysia. He also sat on a number of committees at national and international level. His directorships in public listed companies include as Executive Vice Chairman of Metronic Global Berhad (2004-2012), Chairman of Magna Prima Berhad (1996-2006), Director of Road Builders Berhad (1997-2002), Kuantan Flour Mills Bhd (2000-2002), Berger International Ltd. (1991-1995), Ho Hup Construction Berhad (1991-1995), Kejora Harta Berhad (1995-1997) and Managing Owner and Director of Cosmo Restaurant Sdn Bhd 'Franchisees of Burger King for Malaysia' (1997-2011). He has since formed his privately owned group of companies, Danivest Sdn Bhd whose core competencies are in Turnkey Project, Land and Property Development, Civil Engineering & Construction as well as Project Management. Announcement • Nov 30
Knm Group Berhad Announces Redesignation of Mr. Yee Hong Ho from Independent and Non Executive Member of Remuneration Committee to Independent and Non Executive Chairman of Remuneration Committee KNM Group Berhad announced redesignation of Mr. Yee Hong Ho from Independent and Non Executive Member of Remuneration Committee to Independent and Non Executive Chairman of Remuneration Committee. Composition of Remuneration Committee: 1) Mr. Yee Hong Ho (Chairman) - Independent Non-Executive Director 2) Mr. James Beltran (Member) - Non-Independent Non-Executive Director 3) Ms Thulasy Suppiah (Member) - Independent Non-Executive Director 4) Mr. Ho Soo Woon (Member) - Independent Non-Executive Director. Age is 54. Date of change is November 29, 2023. Announcement • Oct 17
KNM Group Berhad Announces Board Changes KNM Group Berhad accepted the removal of Steve Ho Soo Woon and Tan Sri (Dr) Zulhasnan bin Rafique as director with immediate effect, at its EGM, held on October 16, 2023. The proposal of removal of Tunku Dato' Yaacob Khyra, Tunku Kamariah Aminah Maimunah lskandariah binti Sultan Iskandar, Ravindrasingham A/L Balasingham, Yee Hong Ho, Thulasy Suppiah, Datuk Uwe Ahrens, James Beltran and Dato' lndera Naresh Mohan as a Directors has been rejected. Age of Mr Ho Soo Woon is 60. Directorate: Independent and Non Executive. Designation: Independent Director. Age of Tan Sri Dr Zulhasnan Bin Rafique is 69. Directorate: Non Independent and Non Executive. Designation: Non-Independent Director. Announcement • Sep 19
KNM Group Berhad Announces Removal of Directors KNM Group Berhad proposed Tunku Dato' Yaacob Khyra, Tunku Kamariah Aminah Maimunah lskandariah binti Sultan Iskandar, Tan Sri (Dr) Zulhasnan bin Rafique, Ravindrasingham A/L Balasingham, Yee Hong Ho, Steve Ho Soo Woon, Thulasy Suppiah, Datuk Uwe Ahrens, James Beltran and Dato' lndera Naresh Mohan to be removed from office as a Directors at its Extraordinary General Meeting to be held on 16 October 2023. Announcement • May 06
Knm Group Berhad Resigns Hani Syamira Binti Abdul Hamid as Group Company Secretary KNM Group Berhad resigned HANI SYAMIRA BINTI ABDUL HAMID as Group Company Secretary. Date Of Change 05 May 2023. License No LS 0009872. Announcement • Feb 10
KNM Group Berhad Announces Re-Designation of Tunku Yaacob Khyra KNM Group Berhad announced re-designation of DATO' TUNKU YAACOB KHYRA as Non Executive Chairman from Non-Independent Director. Date of change is February 9, 2023. Age is 62. Announcement • Feb 08
KNM Group Berhad Announces Redesignation of Zulhasnan Bin Rafique as Non Independent and Non Executive Director from Non Executive Chairman KNM Group Berhad announced redesignation of Tan Sri Dr Zulhasnan Bin Rafique as Non Independent and Non Executive Director from Non Executive Chairman. Date of change is February 7, 2023. Age is 68. Announcement • Jan 04
KNM Group Berhad Announces Default in Payment The company’s previous announcements dated 18 November 2021 onwards in relation to default in payment of Thai Bonds and the loan facilities granted by TransAsia Private Capital Limited and Danos Limited (TA/Danos) and the loan facilities granted by Bank of China (Malaysia) Berhad (BOC). 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, 28 January 2022, 1 March 2022, 1 April 2022, 29 April 2022, 1 June 2022, 1 July 2022, 1 August 2022, 1 September 2022, 30 September 2022, 1 November 2022, 1 December 2022 and 27 December 2022. The Board of Directors of KNM Group Berhad (the Company or KNMG”) announced that CGIF, TA/Danos and all other lenders (including BOC) are working in close cooperation with the Board of Directors and KNMG newly appointed GCEO, Mr. Ravi Balasingham towards achieving a mutually acceptable resolution of the settlement of the monies due to the respective lenders from the monetisatision of non-core assets and IPO/Sale of Borsig GmbH, as previously announced. The company’s stated plan to monetize the assets will be accelerated under a disposal process based on non-exclusive deal structure, which will also naturally lead to higher cash values on disposal. KNMG has been in continuous close discussion with the respective lenders on various measures to address the above-mentioned events of default. The repayments will be dealt with, addressed and/or restructured under the Proposed Scheme of Arrangement as announced on 16 December 2022. The company will make the necessary announcement to Bursa Malaysia Securities Berhad as and when there is any material development in relation thereto. Board Change • Nov 16
High number of new and inexperienced directors There are 11 new directors who have joined the board in the last 3 years. The company's board is composed of: 11 new directors. No experienced directors. No highly experienced directors. Group General Counsel & Executive Director Flavio Porro is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Buying Opportunity • Nov 01
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 67%. The fair value is estimated to be RM0.052, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Meanwhile, the company became loss making. Announcement • Oct 26
KNM Group Berhad Announces the Re-Designation of Zulhasnan Bin Rafique from Executive Chairman to Non-Executive Chairman KNM Group Berhad announced the re-designation of Tan Sri Dr. Zulhasnan Bin Rafique, age 68, from Executive Chairman to Non-Executive Chairman of the company. The date of change is 25 October 2022. Reported Earnings • Sep 01
Full year 2022 earnings released: RM0.14 loss per share (vs RM0.012 profit in FY 2021) Full year 2022 results: RM0.14 loss per share (down from RM0.012 profit in FY 2021). Revenue: RM961.9m (down 16% from FY 2021). Net loss: RM509.7m (down RM545.0m from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 11 new directors who have joined the board in the last 3 years. The company's board is composed of: 11 new directors. 1 experienced director. No highly experienced directors. Group CEO & Executive Director Terence Tan is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 27
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: RM0.18 loss per share (down from RM0.022 profit in FY 2020). Revenue: RM1.02b (down 24% from FY 2020). Net loss: RM601.5m (down RM659.7m from profit in FY 2020). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 32,930%. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 25
Third quarter 2021 earnings: EPS and revenues exceed analyst expectations Third quarter 2021 results: RM0.01 loss per share (down from RM0.007 profit in 3Q 2020). Revenue: RM326.4m (up 1.6% from 3Q 2020). Net loss: RM32.5m (down 281% from profit in 3Q 2020). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 32,930%. Earnings per share (EPS) surpassed analyst estimates by 32,930%. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Board Change • Nov 01
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 1 experienced director. No highly experienced directors. Group CEO & Executive Director Terence Tan is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Oct 01
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Group CEO & Executive Director Terence Tan is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS RM0.004 (vs RM0.004 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2021 results: Revenue: RM246.0m (down 26% from 2Q 2020). Net income: RM10.6m (down 5.9% from 2Q 2020). Profit margin: 4.3% (up from 3.4% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Executive Departure • Jul 06
Senior Independent Non-Executive Director Khalid Bin Ngah has left the company On the 26th of June, Khalid Bin Ngah's tenure as Senior Independent Non-Executive Director ended after 9.9 years in the role. We don't have any record of a personal shareholding under Khalid's name. A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 2.83 years. Executive Departure • Jul 06
Independent Non-Executive Director Yoke Soh has left the company On the 28th of June, Yoke Soh's tenure as Independent Non-Executive Director ended after 8.3 years in the role. We don't have any record of a personal shareholding under Yoke's name. A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 2.83 years. Executive Departure • Jul 06
Head of Administration & HR and Executive Vice Chairman Siew Gan has left the company On the 26th of June, Siew Gan's tenure as Head of Administration & HR and Executive Vice Chairman ended after less than a year in the role. As of March 2021, Siew still personally held 39.05m shares (RM7.4m worth at the time). A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 2.83 years. Executive Departure • Jul 06
Non Independent Non-Executive Chairman Ab bin Mohyiddin has left the company On the 26th of June, Ab bin Mohyiddin's tenure as Non Independent Non-Executive Chairman ended after 18.0 years in the role. As of March 2021, Ab still personally held 2.65m shares (RM305k worth at the time). A total of 6 executives have left over the last 12 months. The current median tenure of the management team is 2.83 years. Executive Departure • Jun 08
Non Independent & Non Executive Director Mohd Rizal Bin Md Noor has left the company On the 31st of May, Mohd Rizal Bin Md Noor's tenure as Non Independent & Non Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under Mohd Rizal's name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.75 years. Reported Earnings • Jun 02
First quarter 2021 earnings released: RM0.001 loss per share (vs RM0.008 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: RM231.2m (down 31% from 1Q 2020). Net loss: RM2.01m (down 110% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 26
Full year 2020 earnings released: EPS RM0.026 (vs RM0.018 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: RM1.32b (down 19% from FY 2019). Net income: RM70.5m (up 55% from FY 2019). Profit margin: 5.3% (up from 2.8% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Feb 04
KNM Group Berhad has completed a Follow-on Equity Offering in the amount of MYR 51.961595 million. KNM Group Berhad has completed a Follow-on Equity Offering in the amount of MYR 51.961595 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 296,923,400
Price\Range: MYR 0.175
Transaction Features: Subsequent Direct Listing Is New 90 Day High Low • Dec 04
New 90-day high: RM0.23 The company is up 5.0% from its price of RM0.22 on 04 September 2020. The Malaysian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Energy Services industry, which is down 3.0% over the same period. Announcement • Nov 26
Knm Group Berhad Appoints Encik Mohd Rizal Bahari Bin Md Noor as Independent and Non Executive Director Knm Group Berhad has appointed Encik Mohd Rizal Bahari Bin Md Noor as Independent and Non Executive Director. Date of change is 25 Nov. 2020. Reported Earnings • Nov 26
Third quarter 2020 earnings released: EPS RM0.007 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: RM321.3m (down 28% from 3Q 2019). Net income: RM18.0m (up 70% from 3Q 2019). Profit margin: 5.6% (up from 2.4% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.