Tag: EGM
KNM Group’s Impress Ethanol Faces THB2.7B Bond Crisis Amid Nepotism Scandal
KNM Group's Impress Ethanol Co. faces a THB2.7 billion bond crisis amid allegations of mismanagement and nepotism. Executive Co-chairman Gan Siew Liat's appointment of her inexperienced daughter to a key position has sparked shareholder outrage. The upcoming AGM and EGM may be pivotal for the company's future.
KNM Group Directors Found Guilty of Violating Bankruptcy Law, ESOS Share Allocations Questioned
KNM Group's former directors Lee Swee Eng and Chew Fook Sin were found guilty by Indonesia's Supreme Court in a bankruptcy case. Recent ESOS share allocations to family members, including those involved in the case, raise serious questions about corporate governance and shareholder interests.