Tunku Yaacob welcomes the call for an EGM, saying that it will prove the confidence of majority shareholders in the current board of directors.
AS a German billionaire tries to wrest control of KNM Group Bhd
, the chairman of the debt-laden group alleges that there is a “Malaysian syndicate” behind the tycoon.
Tunku Datuk Yaacob Khyra stopped short of naming the “market-maker”, but says the syndicate wants to take control of KNM and could reward the German tycoon, Andreas Heeschen, by selling off KNM’s crown jewel, Borsig GmbH, to him.
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