General Announcement

04/10/2004

Orders secured by KNM Process Systems Sdn Bhd and KNM Special Equipment (Changshu) Co Ltd.

KNM GROUP BERHAD

Type

Announcement
SubjectOrders secured by KNM Process Systems Sdn Bhd and KNM Special Equipment (Changshu) Co Ltd.

Contents :

1. Introduction


    KNM Group Berhad (KNM) is pleased to announce that KNM Process Systems Sdn Bhd (KNMPS) and KNM Special Equipment (Changshu) Co Ltd (KNMSPEC), its direct and indirect wholly-owned subsidiaries respectively, have recently secured new orders from its clients for domestic and international oil, gas and petrochemical projects located in Bintulu, China, Qatar, Nigeria and the Philippines.
2. The secured orders

    For August and September 2004, KNMPS secured orders from its clients for the following domestic and international oil, gas and petrochemical projects to supply the following -

    (a) parts for start air receiver vessels for the East Area Project, Nigeria;
    (b) parts for towers for the BASF-YPC AAEE Plant, Nanjing, China;
    (c) tube bundles and inter cooler for reciprocating compressor, Bintulu;
    (d) methanol recovery tower, the Philippines;
    (e) 1 MDA effluent tank for the Integrated Isocyanates project in China;
    (f) 12 heavy columns and drums for the Dolphin onshore gas plant project, Qatar; and
    (g) 6 sulphur reactors and drums for the Dolphin onshore gas plant project, Qatar.

    Also in August and September 2004, KNMSPEC secured orders from its clients for the Integrated Isocyanates project in Shanghai, China -

    (a) 5 units of columns and drums;
    (b) 13 units of carbon steel drums; and
    (c) 3 units of carbon steel drums.

    The value of the orders secured in the said 2 months amount to RM41.0 million.
3. Information on KNMPS

    KNMPS is a Malaysian process equipment manufacturer and storage facilities provider with the capability to undertake the designing, manufacturing, fabricating, construction, assembly, commission and maintenance of process equipment, mounded bullets, pressure vessels, heat exchangers, skid mounded assemblies, process piping systems, storage tanks, specialised structural assemblies and module assemblies for the oil, gas and petrochemical industries. Its major products include process vessels, storage facilities, LPG mounded bullets, heat exchangers and air coolers, and specialised steel structural systems. KNMPS also provides its customers with maintenance services as an after sales service.

4. Information on KNMSPEC

    KNMSPEC was incorporated in China and is a wholly-owned subsidiary of KNM Overseas China Sdn Bhd, which is in turn an indirect wholly-owned subsidiary of KNM. KNMSPEC undertakes the designing, manufacturing, 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 China.
5. Approvals

    The award is not subject to the approval of the shareholders of KNM, KNMPS, KNMSPEC, or the approval of any regulatory authority in Malaysia.
6. Directors' and major shareholders' interest

    None of the directors or substantial shareholders of KNM, or any persons connected to them, has any direct or indirect interest in the above secured orders.
7. Effects of the orders

    Since the duration of the secured orders ranges between 8 months to 18 months, the above orders are expected to contribute positively to the KNM Groups earnings and net tangible assets for the financial year ending 31 December 2005.

This announcement is dated 4 October 2004.

Announcement Info

Company NameKNM GROUP BERHAD  
Stock Name KNM
Date Announced4 Oct 2004  
CategoryGeneral Announcement
Reference NoKG-041004-64205

Related Announcements for KNM
Date Title
17/04/2015 NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS): FUND RAISING KNM GROUP BERHAD (“KNM” OR "COMPANY") RENOUNCEABLE RIGHTS ISSUE OF UP TO 430,431,442 NEW ORDINARY SHARES OF RM0.50 EACH IN KNM GROUP BERHAD (“KNM”) (“KNM SHARE(S)” OR “SHARE(S)”) (“RIGHTS SHARE(S)”) ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 5 EXISTING KNM SHARES HELD AS AT 5.00 P.M. ON FRIDAY, 27 MARCH 2015, TOGETHER WITH UP TO 215,215,721 NEW FREE DETACHABLE WARRANTS (“WARRANT(S) B”) ON THE BASIS OF 1 WARRANT B FOR EVERY 2 RIGHTS SHARES SUBSCRIBED FOR, AT AN ISSUE PRICE OF RM0.50 PER RIGHTS SHARE (“RIGHTS ISSUE WITH WARRANTS”)
09/04/2015 OTHERS New Orders Secured Year To Date/YTD2015 by KNM Process Systems Sdn Bhd amounting to approximately USD56.67 million (RM204.01 million)
18/03/2015 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
16/03/2015 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS Joint Venture Agreement between KNM Process Systems Sdn Bhd (“KNMPS”) and Hansol EME Co., Ltd (“Hansol”)
13/03/2015 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS SHARE PURCHASE AGREEMENT BETWEEN KNM RENEWABLE ENERGY SDN BHD AND FE GLOBAL/ASIA CLEAN ENERGY SERVICES FUND L.P., FEGACE ASIA SUB-FUND, L.P. AND GLOBAL CLEAN ENERGY CORP. SPC
13/03/2015 OTHERS KNM GROUP BERHAD (“KNM” OR “COMPANY”) (I) ADJUSTMENTS TO THE EXERCISE PRICE AND THE NUMBER OF OUTSTANDING WARRANTS 2012/2017 OF KNM (“WARRANT(S) A”) IN ACCORDANCE WITH THE PROVISIONS OF THE DEED POLL DATED 4 OCTOBER 2012 (“DEED POLL A”) PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF UP TO 430,431,442 NEW ORDINARY SHARES OF RM0.50 EACH IN KNM (“KNM SHARE(S) OR “SHARE(S)”) (“RIGHTS SHARE(S)”) ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 5 EXISTING KNM SHARES TOGETHER WITH UP TO 215,215,721 NEW FREE DETACHABLE WARRANTS (“WARRANT(S) B”) ON THE BASIS OF 1 WARRANT B FOR EVERY 2 RIGHTS SHARES SUBSCRIBED FOR (“RIGHTS ISSUE WITH WARRANTS”); AND (II) ADJUSTMENTS TO THE EXERCISE PRICE AND THE NUMBER OF KNM’S EMPLOYEES’ SHARE OPTION SCHEME (“ESOS”) OPTIONS IN ACCORDANCE WITH THE PROVISIONS OF THE ESOS BY LAWS ADOPTED BY THE COMPANY ON 15 MAY 2014 (“ESOS BY LAWS”) PURSUANT TO THE RIGHTS ISSUE WITH WARRANT
13/03/2015 MULTIPLE PROPOSALS KNM GROUP BERHAD (“KNM” OR “COMPANY”) (I) RENOUNCEABLE RIGHTS ISSUE OF UP TO 430,431,442 NEW ORDINARY SHARES OF RM0.50 EACH IN KNM (“KNM SHARE(S) OR “SHARE(S)”) (“RIGHTS SHARE(S)”) ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 5 EXISTING KNM SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER TOGETHER WITH UP TO 215,215,721 NEW FREE DETACHABLE WARRANTS (“WARRANT(S) B”) ON THE BASIS OF 1 WARRANT B FOR EVERY 2 RIGHTS SHARES SUBSCRIBED (“RIGHTS ISSUE WITH WARRANTS”); (II) INCREASE IN THE AUTHORISED SHARE CAPITAL OF KNM FROM RM1,125,000,000 COMPRISING 2,250,000,000 KNM SHARES TO RM2,500,000,000 COMPRISING 5,000,000,000 KNM SHARES (“INCREASE IN AUTHORISED SHARE CAPITAL”); AND (III) AMENDMENT TO THE MEMORANDUM OF ASSOCIATION OF KNM (“AMENDMENT”); (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
13/03/2015 MULTIPLE PROPOSALS KNM GROUP BERHAD (“KNM” OR “COMPANY”) (I) RENOUNCEABLE RIGHTS ISSUE OF UP TO 430,431,442 NEW ORDINARY SHARES OF RM0.50 EACH IN KNM (“KNM SHARE(S) OR “SHARE(S)”) (“RIGHTS SHARE(S)”) ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 5 EXISTING KNM SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER TOGETHER WITH UP TO 215,215,721 NEW FREE DETACHABLE WARRANTS (“WARRANT(S) B”) ON THE BASIS OF 1 WARRANT B FOR EVERY 2 RIGHTS SHARES SUBSCRIBED (“RIGHTS ISSUE WITH WARRANTS”); (II) INCREASE IN THE AUTHORISED SHARE CAPITAL OF KNM FROM RM1,125,000,000 COMPRISING 2,250,000,000 KNM SHARES TO RM2,500,000,000 COMPRISING 5,000,000,000 KNM SHARES (“INCREASE IN AUTHORISED SHARE CAPITAL”); AND (III) AMENDMENT TO THE MEMORANDUM OF ASSOCIATION OF KNM (“AMENDMENT”); (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
03/03/2015 MULTIPLE PROPOSALS KNM GROUP BERHAD (“KNM” OR “COMPANY”) (I) RENOUNCEABLE RIGHTS ISSUE OF UP TO 430,490,762 NEW ORDINARY SHARES OF RM0.50 EACH IN KNM (“KNM SHARE(S) OR “SHARE(S)”) (“RIGHTS SHARE(S)”) ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 5 EXISTING KNM SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER TOGETHER WITH UP TO 215,245,381 NEW FREE DETACHABLE WARRANTS (“WARRANT(S) B”) ON THE BASIS OF 1 WARRANT B FOR EVERY 2 RIGHTS SHARES SUBSCRIBED (“RIGHTS ISSUE WITH WARRANTS”); (II) INCREASE IN THE AUTHORISED SHARE CAPITAL OF KNM FROM RM1,125,000,000 COMPRISING 2,250,000,000 KNM SHARES TO RM2,500,000,000 COMPRISING 5,000,000,000 KNM SHARES (“INCREASE IN AUTHORISED SHARE CAPITAL”); AND (III) AMENDMENT TO THE MEMORANDUM OF ASSOCIATION OF KNM (“AMENDMENT”); (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”)
17/02/2015 MULTIPLE PROPOSALS KNM GROUP BERHAD (“KNM” OR “COMPANY”) (I) RENOUNCEABLE RIGHTS ISSUE OF UP TO 430,490,762 NEW ORDINARY SHARES OF RM0.50 EACH IN KNM (“KNM SHARE(S) OR “SHARE(S)”) (“RIGHTS SHARE(S)”) ON THE BASIS OF 1 RIGHTS SHARE FOR EVERY 5 EXISTING KNM SHARES HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER TOGETHER WITH UP TO 215,245,381 NEW FREE DETACHABLE WARRANTS (“WARRANT(S) B”) ON THE BASIS OF 1 WARRANT B FOR EVERY 2 RIGHTS SHARES SUBSCRIBED (“RIGHTS ISSUE WITH WARRANTS”); (II) INCREASE IN THE AUTHORISED SHARE CAPITAL OF KNM FROM RM1,125,000,000 COMPRISING 2,250,000,000 KNM SHARES TO RM2,500,000,000 COMPRISING 5,000,000,000 KNM SHARES (“INCREASE IN AUTHORISED SHARE CAPITAL”); AND (III) AMENDMENT TO THE MEMORANDUM OF ASSOCIATION OF KNM (“AMENDMENT”); (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”