Tag: KNM
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’s RM168M Private Placement: Gan Siew Liat’s Growing Influence Raises Concerns
KNM Group Bhd proposes a RM167.9M private placement, with half the shares offered to Executive Vice-Chairman Gan Siew Liat. This move, aimed at repaying loans and providing working capital, raises questions about insider influence and corporate governance at the company.
KNM Employees Defrauded by Executive Director Gan Siew Liat in ESOS Scam
Gan Siew Liat, Executive Director of KNM and wife of former CEO Lee Swee Eng, has been caught diverting millions in shares meant for employees to her family members. The ESOS scam has led to her dismissal along with her accomplices. Learn more about the implications for KNM employees and shareholders.