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Heeschen now holds a 7.91% stake in KNM. Together with Mahmud’s 5.03% and those of eight other shareholders, Tunku Kamariah’s side now has control of 15.71% of the interests.
Negeri Sembilan prince Tunku Yaacob Khyra, who is chairman of KNM, is also the largest shareholder. He has a 9.5% indirect stake, according to the company’s local bourse filing dated Oct 6.
Coupled with MAA Group Bhd’s 8.55% stake, Tunku Yaacob’s interest in the company now amounts to 18.05%.
She also outline a five-year plan that will include injecting new capital, acquiring new assets, investing in new projects, cooperating with inter-governmental bodies and securing new long-term contracts.
“We have local and European resources to help KNM settle the debt. Possibly, a migration of debt of about Є160 million via bridging loan and special issuance of bond. And we have the resources for capital raising of around RM400 million via appropriate corporate exercise,” she added.
Lol
so many conflicting stories nowadays.
won't be surprised that end of the day all parties will come to mutual agreement to have even representation in the bod. all this are hypes to play up market sentiment and shore up the share price. buaya makan ikan bilis
