Tag: private placement
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.
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.