PETALING JAYA: The crown jewel of debt-saddled KNM Group Bhd
, Borsig GMBH, has accepted a €60mil (RM280mil) multi-currency guarantee facility from Landesbank Baden-Württemberg and other participating financial institutions.
The new credit facility, which will ensure Borsig is able to continue with its operations without interruption, will replace the facility from IKB Deutsche Industriebank AG that expired on Dec 16, 2024.
