PETALING JAYA: KNM Group Bhd
has secured the approval of its creditors for the company’s proposed scheme of arrangement, marking a step forward in its restructuring exercise.
In a filing with Bursa Malaysia, the oil and gas equipment manufacturer said the court-convened meeting for KNM and its wholly-owned subsidiary KNM Process Systems Sdn Bhd (KNMPS) was held yesterday. Both entities are collectively referred to as the scheme companies.
