Thursday, January 17, 2013
KNM Group Bhd (IPO)
Upcoming IPO: KNM Group Bhd is hoping for a Sep listing in Singapore for its German industrial-equipment unit Borsig Beteiligungsverwaltungsgesellschaft mbH.
CFO says the co should be able to submit the required documents by 2Q.
KNM is an oil-and-gas services company.
Borsig will have an indicative valuation of up to RM 1.9 b (US$609.7 m) at listing, according to an earlier statement from the company.
KNM bought Germany's Borsig BBetv and its group of companies for Eur 350 m through its KNM Process Systems Sdn. Bhd. subsidiary in 2008.
UOB Bank is the sole manager, underwriter and placement agent.
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