TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS KNM GROUP BERHAD ("KNM" OR "THE COMPANY") PROPOSED DISPOSAL OF 100% EQUITY INTEREST IN FBM HUDSON ITALIANA S.P.A BY KNM EUROPA B.V., A SUB-SUBSIDIARY OF KNM ("PROPOSED DISPOSAL")
| KNM GROUP BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | KNM GROUP BERHAD ("KNM" OR "THE COMPANY")
PROPOSED DISPOSAL OF 100% EQUITY INTEREST IN FBM HUDSON ITALIANA S.P.A BY KNM EUROPA B.V., A SUB-SUBSIDIARY OF KNM ("PROPOSED DISPOSAL") |
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Reference is made to the Company’s announcement dated 16 February 2024 in relation to the Proposed Disposal.
The Board of Directors of the Company wishes to announce that the sub-subsidiary of the Company, KNM Europa B.V., had on 27 March 2024 entered into a Share Purchase Agreement with BM Carpenterie Oil & Gas S.r.l., a company incorporated under the laws of Italy (“BM”), and Officine Piccoli S.p.A., a società per azioni incorporated under the laws of Italy (“Officine” and together with BM the “Purchasers”), to dispose of its 100% equity in FBM Hudson Italian S.p.A., a società per azioni incorporated under the laws of Italy (“FBM Hudson Italiana”), comprising 746,501 ordinary shares for an aggregate cash consideration of EUR 16,500,000.00 (“Proposed Disposal”).
Following the Proposed Disposal, BM shall acquire shares representing 60% of the share capital of FBM Hudson Italiana, while Officine shall acquire shares representing the remaining 40% of the share capital of FBM Hudson Italiana.
Please refer to the attachment for further details on the Proposed Disposal.
This announcement is dated 27 March 2024. |
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Please refer attachment below.
Announcement Info
| Company Name | KNM GROUP BERHAD |
| Stock Name | KNM |
| Date Announced | 27 Mar 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-27032024-00013 |