KNM defaults on loans totalling RM417mil

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Thursday, 08 Dec 2022

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KNM defaulted on loans totalling about RM416.8mil borrowed through three of its indirect subsidiaries following the failed sale of Borsig.

PETALING JAYA: Debt-laden KNM Group Bhd announced yesterday it defaulted on its loans totalling about RM416.8mil borrowed through three of its indirect wholly owned subsidiaries following the failed sale of Borsig GmbH.

The subsidiaries in question are Peterborough Green Energy Ltd – which was granted a loan of �68.5mil (RM315.65mil) by Danos Ltd, as well as KNM Renewable Energy Sdn Bhd (KNMRE) and Splendid Investments Ltd (SIL), which received loans of US$13mil (RM57.17mil) and US$10mil (RM44mil) respectively from TransAsia Private Capital Ltd (TA).

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Tags / Keywords: KNM , loans , default , Borsig , debtpayment

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Updated: 28 Mar 2025|6:50 PM

FBM KLCI

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FBMKLCI

Day's Range

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Symbol	Open	High	Low	Last	Chg	%Chg	Vol ('00)
PERMAJU	0.030	0.045	0.030	0.040	0.010	33.33	549,198
HSI-PWD1	0.190	0.210	0.180	0.195	0.000	0.00	532,470
HSI-PWD7	0.205	0.230	0.200	0.220	0.010	4.76	530,406
HSI-CWEO	0.155	0.155	0.135	0.135	-0.010	-6.90	510,830
SAPNRG	0.045	0.050	0.045	0.045	0.000	0.00	478,502
HI	1.270	1.330	1.200	1.330	0.110	9.02	401,830
HSI-CWCY	0.180	0.180	0.140	0.145	-0.025	-14.71	391,282
PERTAMA	0.110	0.130	0.105	0.115	0.005	4.55	386,360
HSI-CWEJ	0.180	0.180	0.150	0.150	-0.015	-9.09	384,772
NEXG	0.255	0.255	0.240	0.245	-0.010	-3.92	354,353
HSI-CWCM	0.170	0.175	0.120	0.130	-0.025	-16.13	293,024
HSI-PWFR	0.160	0.175	0.160	0.175	0.015	9.38	268,123
EDEN-WC	0.025	0.035	0.025	0.030	0.005	20.00	265,878
FOCUS	0.020	0.025	0.020	0.020	0.000	0.00	244,940
POS	0.250	0.290	0.250	0.255	0.000	0.00	237,255

KNM defaults on loans totalling RM417mil