KNM pays cash for Borsig

By IZWAN IDRIS

PETALING JAYA: KNM Group Bhd yesterday announced a 350 million euros (RM1.7bil) cash deal to acquire Berlin-based process equipment maker Borsig and its group of companies. 

The latest acquisition announcement came three months after it was first reported that KNM was eyeing a major foreign process equipment specialist as a target. 

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Market Summary

FBM KLCI

1547.27

-11.64

-0.75%

Vol ('00)

24,466,560

FBMKLCI
Day's Range

Low

1543.21

High

1556.46
52 Weeks Range

Low

1528.52

High

1685
Go to Market Watch

Market Movers

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  • SymbolOpenHighLowLastChg%ChgVol ('00)
    HSI-PWD1 0.215 0.215 0.185 0.205 0.0105.131,088,651
    HSI-PWD2 0.090 0.095 0.070 0.085 0.0056.251,060,621
    HSI-CWCD 0.195 0.245 0.190 0.200 -0.025-11.111,044,234
    MYEG 0.970 0.970 0.900 0.900 -0.070-7.22818,416
    NEXG 0.260 0.280 0.255 0.270 0.0051.89651,224
    OPPSTAR 0.485 0.690 0.485 0.535 0.06012.63403,503
    HSI-PWD7 0.235 0.235 0.205 0.220 0.0000.00399,269
    NATGATE 1.440 1.440 1.330 1.330 -0.090-6.34397,924
    HSI-PWD5 0.120 0.125 0.095 0.115 0.0000.00345,607
    CIMB 7.500 7.580 7.480 7.520 0.0200.27331,224
    DNEX 0.275 0.320 0.275 0.305 0.0258.93325,695
    KEYASIC 0.040 0.050 0.040 0.045 0.00512.50310,061
    SFPTECH 0.270 0.300 0.265 0.275 0.0000.00269,423
    KAB 0.330 0.335 0.325 0.330 0.0000.00240,511
    HSI-PWD4 0.120 0.120 0.105 0.115 0.0109.52212,518

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