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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