German entrepreneur-led group seeks to remove KNM Group's directors


KUALA LUMPUR: KNM Group Bhd has received a written requisition from a group of shareholders holding a combined 10.68 per cent equity interest in the company to convene an extraordinary general meeting seeking the removal of its entire board of directors.

The shareholders -- German entrepreneur Andreas Heeschen and eight others -- are seeking to remove chairman Tunku Datuk Yaacob Khyra, Tan Sri Dr Zulhasnan Rafique, Ravindrasingham Balasingham, Yee Hong Ho, Steve Ho Soo Woon, Thulasy Suppiah, Datuk Uwe Ahrens, James Beltran, and Datuk Naresh Mohan.

In a filing with Bursa Malaysia today, the maker of process equipment for the oil and gas industry said they also seek to appoint Johor princess Tunku Kamariah Aminah Maimunah Iskandariah Sultan Iskandar, Heeschen and five others -- Edwin Silvester Das, Datuk Zaidi bin Mat Isa @ Hashim, William H Van Vliet III, Flavio Porro, as well as Datuk Abd Ghani Yusof -- to the board.

Heeschen became a major shareholder of the Practice Note 17 company on Aug 29 after purchasing 320 million shares in off-market trading, equivalent to a 7.91 per cent stake. - Bernama

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