KNM: Group founder Lee Swee Eng retires. KNM Group has announced that its founder and group CEO Ir Lee Swee Eng is leaving the company. Meanwhile, KNM has also announced the appointment of Tan Koon Ping as new group CEO effective July 9. On a separate development, KNM said wholly-owned subsidiary, KNM Process Systems SB, has signed a JV agreement with ADAP Capital SB to form a company to undertake oil, gas and petrochemical project in Sarawak. KNM said the company would hold 51% equity in the JV company while ADAP would hold the remaining 49%. (SunBiz)
KNM GROUP BERHAD
1) KNM Group Bhd is a Malaysia-based company offering project management, engineering, manufacturing and construction services for the renewable energy, power, utilities, refining and petrochemical industries
2) The company manufactures customized process equipment and modular systems under the brands of KNM, BORSIG and FBM Hudson
3) It also develops engineering, procurement, construction, commissioning and integrated solutions for the downstream oil, gas and petrochemical plants, renewable energy, infrastructures and buildings sectors
4) It also provides support services such as repairs, modification, maintenance, assembly and spare parts supply
5) KNM operates its business through 3 geographical segments i.e. Asia, Oceania and Europe, through which it generates significant revenues, and America
6) On 7/7/2020, KNM Group Bhd's wholly-owned subsidiary, KNM Process Systems Sdn Bhd, is forming a 51-49 joint venture (JV) company with ADAP Capital Sdn Bhd to participate in oil, gas and petrochemical projects in Sarawak
7) ADAP Capital is a bumiputera-controlled company which was incorporated in Sarawak and is principally involved in asset portfolio management, as well as investment and private equity matters
8) The scope of the JV company includes engineering procurement and construction for oil, gas and petrochemical plants, manufacture and supply for the relevant equipment for the plants as well as build, own and operate strategic projects
9) As for salient terms of the JV, it was stated that KNM shall be responsible for the business development with clients and state government of Sarawak to secure projects, while ADAP Capital shall be responsible for the technical proposal for the projects
10) On 7/7/2020 also, KNM said its founder and chief executive officer (CEO), Mr Lee Swee Eng has announced his retirement, with the group's chief financial officer (CFO), Mr Tan Koon Ping succeeding him
11) Meanwhile, Mr Lee's spouse, Madam Gan Siew Lit will be redesignated as KMN's executive vice chairman from her role of executive director
12) Rumour has it that Dato' Dr Ir TS Mohd Abdul Karim Bin Abdullah and Datuk Awang Daud Awang Putera (both founders of Serba Dinamik Holdings Bhd) are in talks with the major shareholder of KNM with the intention to takeover KNM
1) KNM Group Bhd is a Malaysia-based company offering project management, engineering, manufacturing and construction services for the renewable energy, power, utilities, refining and petrochemical industries
2) The company manufactures customized process equipment and modular systems under the brands of KNM, BORSIG and FBM Hudson
3) It also develops engineering, procurement, construction, commissioning and integrated solutions for the downstream oil, gas and petrochemical plants, renewable energy, infrastructures and buildings sectors
4) It also provides support services such as repairs, modification, maintenance, assembly and spare parts supply
5) KNM operates its business through 3 geographical segments i.e. Asia, Oceania and Europe, through which it generates significant revenues, and America
6) On 7/7/2020, KNM Group Bhd's wholly-owned subsidiary, KNM Process Systems Sdn Bhd, is forming a 51-49 joint venture (JV) company with ADAP Capital Sdn Bhd to participate in oil, gas and petrochemical projects in Sarawak
7) ADAP Capital is a bumiputera-controlled company which was incorporated in Sarawak and is principally involved in asset portfolio management, as well as investment and private equity matters
8) The scope of the JV company includes engineering procurement and construction for oil, gas and petrochemical plants, manufacture and supply for the relevant equipment for the plants as well as build, own and operate strategic projects
9) As for salient terms of the JV, it was stated that KNM shall be responsible for the business development with clients and state government of Sarawak to secure projects, while ADAP Capital shall be responsible for the technical proposal for the projects
10) On 7/7/2020 also, KNM said its founder and chief executive officer (CEO), Mr Lee Swee Eng has announced his retirement, with the group's chief financial officer (CFO), Mr Tan Koon Ping succeeding him
11) Meanwhile, Mr Lee's spouse, Madam Gan Siew Lit will be redesignated as KMN's executive vice chairman from her role of executive director
12) Rumour has it that Dato' Dr Ir TS Mohd Abdul Karim Bin Abdullah and Datuk Awang Daud Awang Putera (both founders of Serba Dinamik Holdings Bhd) are in talks with the major shareholder of KNM with the intention to takeover KNM
Vivocom ! share consolidation >??? ran ???!!! before back to 2 sen ?