Tag: shareholder rights

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 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 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 Group Executive Director Gan Siew Liat is accused of diverting 155 million ESOS shares to family members, including her husband Lee Swee Eng who faces insider trading charges. Employees demand the return of shares, while shareholders call for leadership changes at the upcoming AGM.

KNM Group CEO Lee Swee Eng faces insider trading charges for allegedly profiting from 31 million shares between February and April 2010. This case is linked to prior reprimands and fines issued to KNM's board, raising questions about corporate governance and shareholder protection.