KUALA LUMPUR: KNM Group Bhd’s wholly-owned subsidiary, KNM Europa BV, will dispose of its entire equity interest in FBM Hudson Italian SPA (FBMHI) to SymbEx GmbH and Terragarda GmbH for EUR19.50 million (EUR1=RM4.89).
In a filing with Bursa Malaysia today, the group said its board had taken into consideration the overall financial condition of FBMHI, which, despite a commendable return to profitability in the fourth quarter of 2024 and the first quarter of 2025, requires a significant and immediate capital injection.
