Borsig sale to unlock cashflow for KNM Group

KNM Group Bhd group CEO and executive director Terence Tan: “The sale is a strategic opportunity to monetise our assets, to allow us to achieve our business plans and objectives.”

KNM Group Bhd’s proposed sale of German-based unit Borsig GmbH is expected to improve the group’s cash position and enhance its financial capability to undertake contracts for the fabrication of process equipment and renewable energy (RE) projects.

“The sale is a strategic opportunity to monetise our assets, to allow us to achieve our business plans and objectives,” group CEO and executive director Terence Tan tells StarBizWeek.