Rules apply to everyone as Bursa warns MAA over KNM

BURSA Malaysia has done what a regulator should: stand firm when corporate desperation threatens to bend the regulator’s rules.

Its warning to MAA Group Bhd – KNM Group Bhd’s largest shareholder – not to proceed with a shareholder vote on the sale of KNM’s prized German unit, Deutsche KNM GmbH (DKNM), without following proper listing procedures is a timely intervention.