【KNM 7164 交流专区2】科恩马

墨士甲

yilingchai 发表于 9-10-2017 10:51 PM
开始起回去了，好快，赚少了，，

我也是没有进到场。。。

icy97

Expiry/Maturity of the securities

KNM GROUP BERHAD

Instrument Category	Securities of PLC
Instrument Type	Warrants
Type Of Expiry	Expiry/Maturity of the securities
Mode of Satisfaction of Exercise/Conversion price	Cash
Exercise/ Strike/ Conversion Price	Malaysian Ringgit (MYR) 0.9800
Exercise/ Conversion Ratio	1:1
Settlement Type / Convertible into	Physical (Shares)
Last Date & Time of Trading	30 Oct 2017 05:00 PM
Date & Time of Suspension	31 Oct 2017 09:00 AM
Last Date & Time for Transfer into Depositor's CDS a/c	08 Nov 2017 04:00 PM
Date & Time of Expiry	15 Nov 2017 05:00 PM
Date & Time for Delisting	16 Nov 2017 09:00 AM

Please refer attachment below.

Attachments KNM Group Berhad - Notice to Warrant Holders.pdf

icy97

科恩马有望转型再生能源公司

（吉隆坡11日讯）科恩马集团（KNM,7164,主板工业产品组）位于英国彼得堡的再生能源发电厂，在交由深圳上市公司华西能源进行设计、采购、施工及启用（EPCC）后，终于进入一个新的里程碑。

有关合约总值为3亿4600万英镑（约19亿令吉），预计明年首季动工，37个月后竣工并投运。

马银行证券说，这是一项提振市场情绪的利好消息，该公司可望因而转型成为再生能源公司。不过，在真正取得盈利前，该行只保持评级，目标价维持25仙（即净有形资产的0.5倍）。

“由于有关计划自2012年已开始商谈，现有终于有了一点眉目，将能提振市场情绪。”

该行补充，过去融资将是一大问题，惟由于这是一项私人融资计划，科恩马正加速发展步伐，由之前计划的18兆瓦扩大至目前的36兆瓦，且以现有地皮来看，还可达到80兆瓦的最适规模。

根据初步评估，这项计划提供10%内部收益。同时，在2021至2025年期间，每年可望为科恩马创造1400万至2500万英镑（约7700万至1亿3500万令吉）的净利，这是依持有80%股权、资本开销3亿7000万英镑及85%使用率计算。



文章来源：
星洲日报／财经‧2017.10.12

icy97

科恩马
再生能源成主要贡献

2017年10月17日

分析:马银行投行研究
目标价：25仙

最新进展

科恩马（ KNM，7164，主板工业产品股）颁发价值3亿4600万英镑（约19亿令吉）的工程、采购、施工和调试（简称EPCC）合约，予深圳上市公司华西能源。

科恩马是通过英国子公司彼得伯勒（Peterborough）Green Energy，颁发英国彼得伯勒再生能源厂第一期项目的EPCC合约，予华西能源。

该厂房预计将在2021年开始营运，为公司贡献净利。

行家建议

我们看好该项进展，再生能源业务的执行，将成为该公司收入转型的主要关键。

上述工程将在明年首季动工，耗时37个月，预计2021年首季投入营运，产能也将从18兆瓦，提升至36兆瓦。

考虑到厂房的土地面积，预计产能可达最理想的80兆瓦。

根据初步分析，假设该项目有25年的使用权，便可提供10%的内部投资回酬率（IRR）。

基于该公司80%的股权、3亿7000万英镑（约20.75亿）的资本开销及85%的使用率，该项目在2021年至2025年，有望贡献1400万至2500万英镑（约7700万至1.35亿令吉）的年净利。

依据9%的加权平均资本成本（WACC），预计该项目的净现值（NPV）达每股27仙。



【e南洋】

icy97

Type	Announcement
Subject	OTHERS
Description	INCORPORATION OF KNM TRANSPARENT ENERGY SDN BHD
1.         INTRODUCTION Pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of KNM Group Berhad (“KNM” or “the Company”) wishes to announce that its wholly-owned subsidiary, KNM Process Systems Sdn Bhd, had on 19 October 2017 incorporated a new wholly-owned subsidiary, KNM Transparent Energy Sdn Bhd (“KNMTE”). 2.         INFORMATION ON KNMTE KNMTE was incorporated as a private limited company in Malaysia on 19 October 2017 and has a paid-up share capital of RM2.00 comprising 2 ordinary shares. Its registered office is at 15, Jalan Dagang SB 4/1, Taman Sungai Besi Indah, 43300 Seri Kembangan, Selangor Darul Ehsan. It is currently dormant but will be principally involved in the provision of project management, engineering, procurement, construction and commissioning of waste heat recovery system. 3.         FINANCIAL EFFECTS The above incorporation will not have any material effect on KNM’s earnings and net assets for the financial year ending 31 December 2017. 4.         RATIONALE The said incorporation is in line with the long term strategic plans of the Group. 5.         INTEREST OF DIRECTORS AND/OR SUBSTANTIAL SHAREHOLDERS AND/OR PERSON CONNECTED TO THEM None of the Directors and/or substantial shareholders or the Company, and/or persons connected to such Directors and/or substantial shareholders has any interest, direct or indirect, in the said incorporation. 6.       DIRECTORS’ STATEMENT The Board of Directors of the Company is of the opinion that the incorporation of a new wholly-owned subsidiary is in the best interest of the Group. 7.       APPROVAL REQUIRED The said incorporation is not subject to the approval of any relevant authorities and/or the shareholders of KNM. This announcement is dated 19 October 2017.

icy97

科恩马私配筹5332万还债

2017年11月12日
（吉隆坡11日讯）科恩马（KNM，7164，主板工业产品股）建议通过私下配售给第三方投资者，集资最多5332万350令吉，用作偿还债务等。

该公司向交易所报备，假设发行价为每股25仙，是5日交易量加权平均市价（VWAP）折价7.27%。

在所筹得的资金中，75%的资金或4000万令吉将作为未来12个月的银行贷款偿还。

另外的1186万5000令吉将用作未来1个月的营运资本，剩余资金将支付本次私下配售开销。

该公司预计上述活动在明年首季完成，并解释，私配是最合适的筹资方法，因为无须支付利息或偿还贷款，让公司保留现金来重新投资与增长。 【e南洋】

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	KNM GROUP BERHAD ("KNM" OR THE "COMPANY")PROPOSED PRIVATE PLACEMENT OF UP TO 10% OF THE ISSUED SHARES IN KNM
On behalf of the Board of Directors of KNM, M&A Securities Sdn Bhd wishes to announce that the Company proposes to implement a private placement of up to 213,281,400 new ordinary shares in KNM to independent third party investor(s) to be identified (“Proposed Private Placement”). Further information on the Proposed Private Placement is disclosed in the attachment herein. This announcement is dated 10 November 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5599973

Attachments KNM Proposed Private Placement 101117.pdf

yilingchai

墨士甲 发表于 11-10-2017 10:17 AM
我也是没有进到场。。。

回到24仙了，等到了，又可以进货了，988前辈说的好准，

icy97

科恩马第三季多赚17%

2017年11月25日
（吉隆坡24日讯）科恩马（KNM，7164，主板工业产品股）截至9月30日第三季，净利扬17.4%，达131万3000令吉；营业额跌15.4%，报3亿4752万2000令吉。

累计首9个月，净利剧跌79.8%，写377万7000令吉；营业额挫15.9%，报10亿3916万9000令吉。

科恩马向交易所报备，今年迄今营业额减少，归咎于亚洲与大洋洲及美国业务的营业额贡献下跌。

此外，边佳兰综合石油中心相关项目的入账贡献减少。不仅如此，由于市场波动，新增订单的速度也随之放缓。

因此，公司的税前盈利也跌至1846万令吉。

董事部预计，本财年将继续充满挑战。不过，公司的策略是将项目为基础的合约收入，多元化至有持续收入的再生能源。

科恩马说，泰国的生物乙醇厂已经在9月投运，将贡献未来数个财年的表现。

至于生物乙醇厂第二期则在兴建中，预计会在明年末季开始商业营运。【e南洋】

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2017	30 Sep 2016	30 Sep 2017	30 Sep 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	347,522	410,652	1,039,169	1,235,708
2	Profit/(loss) before tax	10,142	2,744	18,455	29,161
3	Profit/(loss) for the period	1,969	1,524	5,034	18,409
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,313	1,118	3,777	18,697
5	Basic earnings/(loss) per share (Subunit)	0.06	0.05	0.18	0.88
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.1400		1.1100

墨士甲

yilingchai 发表于 28-11-2017 09:50 PM
回到24仙了，等到了，又可以进货了，988前辈说的好准，

目前油价还是升高，这样会不会影响它的业绩。

icy97

KNM GROUP BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Private Placement
Details of corporate proposal	Private Placement of up to 10% of the issued shares of KNM Group Berhad
No. of shares issued under this corporate proposal	213,281,400
Issue price per share ($$)	Malaysian Ringgit (MYR)   0.2400
Par Value($$) (if applicable)
Latest issued share capital after the above corporate proposal in the following
Units	2,369,437,255
Issued Share Capital ($$)	Malaysian Ringgit (MYR) 1,129,276,605.740
Listing Date	29 Nov 2017

icy97

科恩马
新订单跌盈利受压

2017年11月28日

分析:MIDF研究
目标价：22仙

最新进展

科恩马（KNM，7164，主板工业产品股）截至9月30日第三季，净利扬17.4%至131万3000令吉；营业额跌15.4%，报3亿4752万2000令吉。

累计首9个月，净利剧跌79.8%至377万7000令吉；营业额挫15.9%至10亿3916万9000令吉。

今年迄今营业额减少，归咎于亚洲与大洋洲及美国业务的营业额贡献下跌，以及边佳兰综合石油中心相关项目的入账贡献减少。

行家建议

我们认为，亚洲和大洋洲的营业额和扣除利息、税务、折旧与摊销前盈利（EBITDA）贡献，依然备受压力，归咎于新增订单速度放缓。

不过欧洲业务却出色，营业额增至8亿9450万令吉，EBITDA持稳于1亿6330万令吉。来自美国的损失正在减少，营运开销缓慢下跌。

我们认为，受到英国彼得伯勒的绿色能源建设项目的推动，科恩马的前景略有改善。

虽然如此，因为订单和活动较少，加上净利贡献不稳定，所有主要市场的营运环境依然竞争剧烈。

维持“中和”的投资评级，目标价从21仙微增至22仙；国外发电资产可能成为上修评级的催化剂。



【e南洋】

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2017	31 Dec 2016	31 Dec 2017	31 Dec 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	351,081	411,074	1,390,250	1,646,782
2	Profit/(loss) before tax	-45,537	-345,808	-27,082	-316,647
3	Profit/(loss) for the period	-46,200	-351,533	-41,166	-333,124
4	Profit/(loss) attributable to ordinary equity holders of the parent	-46,224	-351,678	-42,447	-332,981
5	Basic earnings/(loss) per share (Subunit)	-2.15	-16.49	-1.97	-15.61
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.0200		1.1100

icy97

Date of change	21 May 2018
Name	MR CHEW FOOK SIN
Age	62
Gender	Male
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Resignation
Reason	He resigned to prepare for his eventual retirement from full time employment.
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No
Qualifications	Bachelor of Science in Electrical Engineering from the University of Arkansas, United States of America
Working experience and occupation	Mr Chew is primarily responsible for the EPCC projects for the Plant and Technology Division of KNM Group. He has been with the Group since 1995 and was appointed as an Executive Director of KNM Group Berhad on 14 June 2003. He joined the Broadcasting Department of Malaysia in 1987 and in 1990, he joined the Inter Merger Group as the General Manager. He subsequently joined the KNM Group as Procurement Manager in 1995, and was promoted to Vice President (Manufacturing) in 1999 and Director, Commercial Division in 2002.
Family relationship with any director and/or major shareholder of the listed issuer	Mr Chew Fook Sin is the brother-in-law to Ir Lee Swee Eng and Mdm Gan Siew Liat.
Any conflict of interests that he/she has with the listed issuer	None
Details of any interest in the securities of the listed issuer or its subsidiaries	1)  5,173,140 Ordinary Shares - Direct Interest2)  22,448,058 Ordinary Shares - Indirect Interest3)  358,595 Warrants B (2015/2020) - Direct Interest4)  993,171 Warrants B (2015/2020) - Indirect Interest

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2018	31 Mar 2017	31 Mar 2018	31 Mar 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	337,759	319,882	337,759	319,882
2	Profit/(loss) before tax	-14,550	2,820	-14,550	2,820
3	Profit/(loss) for the period	-18,865	1,084	-18,865	1,084
4	Profit/(loss) attributable to ordinary equity holders of the parent	-18,423	547	-18,423	547
5	Basic earnings/(loss) per share (Subunit)	-0.86	0.03	-0.86	0.03
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.9800		1.0100

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2018	30 Jun 2017	30 Jun 2018	30 Jun 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	376,753	357,978	714,512	677,860
2	Profit/(loss) before tax	-32,066	1,453	-46,616	4,272
3	Profit/(loss) for the period	-34,616	-848	-53,481	236
4	Profit/(loss) attributable to ordinary equity holders of the parent	-33,644	-912	-52,067	-365
5	Basic earnings/(loss) per share (Subunit)	-1.43	-0.04	-2.22	-0.02
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.9600		1.0100

icy97

Type	Announcement
Subject	OTHERS
Description	Award of Contracts by China National Chemical Engineering Co., Ltd. to KNM Special Process Equipment (Changshu) Co., Ltd. amounting to RMB40 million
1.       Introduction KNM Group Berhad (“KNM”) is pleased to announce that its indirect wholly-owned subsidiary, KNM Special Process Equipment (Changshu) Co., Ltd. (“KNM Changshu”), had on 31 October 2018 received the Letter of Awards from China National Chemical Engineering Co., Ltd. (“CNCEC”), a company registered in China for the supply of CS Vessels (“Products”) for the construction of an Integrated Petrochemical Complex in Atyrau, Republic of Kazakhstan amounting to RMB40 million (equivalent to approximately RM24 million based on the exchange rate of RMB1 : RM0.60)(the “Award”). The supply and delivery duration of the Products is approximately 12 months commencing from the respective purchase order dates. 2.       Information About the Parties KNM is a diversified multinational group with core businesses in process equipment manufacturing, provision of integrated solutions, project management, engineering and construction services for the renewable energy, power, utilities, refining and petrochemical industries. KNM Changshu, a company incorporated in China is an indirect wholly-owned subsidiary of KNM Group Berhad. It is principally involved in the design, manufacture, assembly, commissioning and maintenance of process equipment, pressure vessels, heat exchangers, skid mounted assemblies, process pipe systems, storage tanks, specialized structural assemblies and module assembling for the oil, gas and petrochemical industries within the market in China. CNCEC, a company incorporated in China engages in the general contracting of construction, infrastructure, and overseas projects in the fields of chemical, petrochemical, pharmaceutical, power, and coal industries in China and internationally. 3.       Financial Effect of the Award The Award is expected to contribute positively to KNM Group’s earnings for the financial year ending 31 December 2018 and 31 December 2019. 4.       Risk Factors The Award is subject to certain risks mainly in the power, oil, gas, petrochemical, and energy industries. These include changes in general economic conditions such as, but not limited to inflation, environmental, health and safety regulations, taxation, foreign exchanges, interest rates, labour and material supply, changes in business and operating conditions such as, but not limited to government and statutory regulations and deterioration in prevailing market conditions. KNM Group is already operating in these industries and hence would continue to be exposed to risk factors that they currently face whilst operating in these industries. Although KNM Group with its vast experience may undertake efforts to mitigate the various risk factors, there is no assurance that any change in the above risk factors will not have a material adverse effect on the business and operations of KNM and/or KNM Changshu. 5.       Approvals The Award is not subject to the approval of the shareholders of KNM or any regulatory authority in Malaysia or China. 6.       Directors’ Statement Having considered all aspects of the Award, the Board of Directors is of the opinion that the Award is in the best interest of the Company. 7.       Directors' and Major Shareholders' Interest None of the directors and/or major shareholders of KNM, and/or any persons connected with them, have any direct or indirect interest in the Award. 8.         Documents for Inspection Details of the Award are available for inspection at the registered office of KNM at 15 Jalan Dagang SB 4/1, Taman Sungai Besi Indah, 43300 Seri Kembangan, Selangor Darul Ehsan, Malaysia for three (3) months from date of this Announcement during normal business hours from Mondays to Fridays. This announcement is dated 1 November 2018.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2018	30 Sep 2017	30 Sep 2018	30 Sep 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	350,738	340,630	1,065,250	1,018,490
2	Profit/(loss) before tax	-11,568	8,122	-58,184	12,394
3	Profit/(loss) for the period	-18,771	555	-72,252	791
4	Profit/(loss) attributable to ordinary equity holders of the parent	-17,055	-101	-69,122	-466
5	Basic earnings/(loss) per share (Subunit)	-0.73	0.00	-2.95	-0.02
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.9700		1.0100

icy97

Type	Announcement
Subject	OTHERS
Description	Internal Reorganisation of the KNM Group Structure (hereinafter refer to as " Internal Reorganisation")
1.   INTRODUCTION       The Company wishes to announce as a matter of Internal Reorganisation of the Group structure which involved the following: Target Company Vendor Purchaser No. of Shares % of Shares Consideration (EUR) Borsig Compressor Parts GmbH Borsig ZM Compression GmbH Borsig GmbH 25,000 100 1.00 (Equivalent to approximately RM4.77 based on the exchange rate of EUR1.00 : RM4.7675      All the companies involved are indirect subsidiaries of the Company and the Internal Reorganisation took effect on 30 November 2018. 2.   RATIONALE FOR THE INTERNAL REORGANISATION       The Internal Reorganisation is undertaken to streamline the business segments of the KNM Group structure. 3.   FINANCIAL EFFECTS OF THE INTERNAL REORGANISATION       The Internal Reorganisation will not have any material effect on the earnings per share, net assets, gearing, share capital and substantial shareholders’ shareholding of the KNM Group for the financial year ending 31 December 2018. 4.    APPROVAL REQUIRED        The Internal Reorganisation is not subject to the approval of shareholders of the Company and/or other relevant authorities. 5.    INTERESTS OF DIRECTORS AND/OR MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED         None of the Directors and/or major shareholders of the Company and/or persons connected to them, have any interest, either direct or indirect, in the Internal Reorganisation. 6.    STATEMENT BY DIRECTORS        The Board, having considered all aspects of the Internal Reorganisation, is of the opinion that the Internal Reorganisation is carried out in the best interest of the Company. This announcement is dated 3 December 2018.

icy97

Type	Announcement
Subject	OTHERS
Description	Acquisition of Subsidiary by KNM Group Berhad
INTRODUCTION The Company wishes to announce that the Company has on 14 January 2019 entered into a Share Purchase Agreement with Petrosab Sdn Bhd (“PSB”) to acquire the remaining balance of 6,048,884 ordinary shares or 99.34% equity interest in Petrosab Petroleum Sdn Bhd (“PPSB”) from PSB for a consideration of RM1.00 only (“the Acquisition”). Upon the completion of the Acquisition, PPSB will become a wholly-owned subsidiary of the Company. RATIONALE FOR THE ACQUISITION The Acquisition is undertaken to streamline the business segments and KNM Group Structure. FINANCIAL EFFECTS OF THE ACQUISITION The Acquisition will not have any material effect on the earnings per share, net assets, gearing, share capital and substantial shareholders’ shareholding of the KNM Group for the financial year ending 31 December 2019. APPROVAL REQUIRED The Acquisition is not subject to the approval of shareholders of the Company and/or other relevant authorities. INTERESTS OF DIRECTORS AND/OR MAJOR SHAREHOLDERS AND/OR PERSONS CONNECTED None of the Directors and/or major shareholders of the Company and/or persons connected to them, have any interest, either direct or indirect, in the Acquisition. STATEMENT BY DIRECTORS The Board, having considered all aspects of the Acquisition, is of the opinion that the Acquisition is carried out in the best interest of the KNM Group. This announcement is dated 14 January 2019.

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Type	Announcement
Subject	OTHERS
Description	Award of Contract by TTSJV WLL to KNM Process Systems Sdn Bhd amounting to USD6.828 million
Introduction KNM Group Berhad (“KNM”) is pleased to announce that its wholly-owned subsidiary, KNM Process Systems Sdn Bhd (“KNMPS”), had on 18 January 2019 received the Letter of Award from TTSJV WLL  (“TTSJV WLL”) dated 11 January 2019 for the supply of Large Carbon Steel Pressure Vessels (“Product”) amounting to USD6.828 million (equivalent to approximately RM28.17 million based on the exchange rate of USD1 : RM4.126) (the “Award”). The supply and delivery duration of the Product is for a period of 13 months commencing from the purchase order for the supply to be issued within 15 calendar days from the date of the Award. Information About the Parties KNMPS was incorporated as a private limited company under the laws of Malaysia on 28 June 1990. KNMPS is principally involved in the design, engineering, procurement and manufacturing of process equipment, including without limitation pressure vessels, reactors, columns and towers, drums, heat exchangers, air finned coolers, process gas waste heat boilers and specialised shell and tube heat exchangers, condensers, spheres, process tanks, mounded bullets, process skid packages and turnkey storage facilities as well as technical and project management services in relation to process equipment, plant facilities and general facilities for the oil, gas, petrochemicals, minerals processing and renewable energy industries worldwide. TTSJV WLL is a jointly owned company incorporated and duly existing under the laws of Kingdom of Bahrain by Technip group of companies and Samsung Engineering Co. Ltd. Financial Effect of the Award The Award is expected to contribute positively to KNM Group’s earnings for the financial year ending 31 December 2019 and 31 December 2020. Risk Factors The Award is subject to certain risks mainly in the power, oil, gas, petrochemical, and energy industries. These include changes in general economic conditions such as, but not limited to inflation, environmental, health and safety regulations, taxation, foreign exchanges, interest rates, labour and material supply, changes in business and operating conditions such as, but not limited to government and statutory regulations and deterioration in prevailing market conditions. KNM Group is already operating in these industries and hence would continue to be exposed to risk factors that they currently face whilst operating in these industries. Although KNM Group with its vast experience may undertake efforts to mitigate the various risk factors, there is no assurance that any change in the above risk factors will not have a material adverse effect on the business and operations of KNM and/or KNMPS. Approvals The Award is not subject to the approval of the shareholders of KNM or any regulatory authority in Malaysia or Kingdom of Bahrain. Directors’ Statement Having considered all aspects of the Award, the Board of Directors is of the opinion that the Award is in the best interest of the Company. Directors' and Major Shareholders' Interest None of the directors and/or major shareholders of KNM, and/or any persons connected with them, have any direct or indirect interest in the Award. Documents for Inspection Details of the Award are available for inspection at the registered office of KNM at 15 Jalan Dagang SB 4/1, Taman Sungai Besi Indah, 43300 Seri Kembangan, Selangor Darul Ehsan, Malaysia for three (3) months from date of this Announcement during normal business hours from Mondays to Fridays. This announcement is dated 23 January 2019.