Lee says KNM is on track for a turnaround
KUALA LUMPUR: World-renowned process equipment company, KNM Group Bhd
, has obtained backing from its shareholders at its EGM for the proposed renounceable rights issue of 488,920,659 new shares at an indicative issue price of RM1 for each rights share.
The RM1 will be payable in two calls. The first call of 40 sen will be payable in cash and the second of 60 sen will be capitalised from KNM's share premium account.
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