KNM

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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS KNM GROUP BERHAD ("KNM" OR "COMPANY") PROPOSED DISPOSAL OF 100% EQUITY INTEREST IN FBM HUDSON ITALIAN S.P.A. ("FBMHI") BY KNM EUROPA B.V., A WHOLLY-OWNED SUBSIDIARY OF KNM ("PROPOSED DISPOSAL OF FBMHI")

KNM GROUP BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
KNM GROUP BERHAD ("KNM" OR "COMPANY")

PROPOSED DISPOSAL OF 100% EQUITY INTEREST IN FBM HUDSON ITALIAN S.P.A. ("FBMHI") BY KNM EUROPA B.V., A WHOLLY-OWNED SUBSIDIARY OF KNM ("PROPOSED DISPOSAL OF FBMHI")

Reference is made to the Company's announcement dated 1 August 2025 in relation to the Proposed Disposal of FBMHI.


On 1 August 2025, the Company announced that the Company had received a binding and irrevocable offer pertaining to the proposed acquisition of the entire 100.00% of the entire equity interest in FBMHI and its wholly-owned subsidiary in the United Arab Emirates from KNM Europa B.V. ("Offer") from two parties on a joint basis. The parties are:


(1) SymbEx GmbH ("SymbEx"), a company incorporated under the laws of Switzerland; and


(2) Terragarda GmbH ("Terragarda"), a company incorporated under the laws of Germany.


In this respect, the Board of Directors of the Company wishes to announce that the company has received a letter dated 17 September 2025 from Terragarda revoking their Offer. Pursuant thereto, the Offer is deemed terminated on even date.


The Company will make the necessary announcement in due course with regard to any material development accordingly.


This announcement is dated 17 September 2025.



Announcement Info

Company Name KNM GROUP BERHAD
Stock Name KNM
Date Announced 17 Sep 2025
Category General Announcement for PLC
Reference Number GA1-17092025-00008


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