Thursday, April 15, 2010

Yesterday, KNM announced that the Company and BlueFire Capital Group Ltd, which includes its partners GS Capital Partners VI Fund L.P and Mettiz Capital Limited, were unable to reach an agreement on the pricing of the proposed acquisition of the entire business and undertakings of KNM for a price equivalent to RM0.90/share. Hence, all parties mutually agreed that the proposal made by BlueFire on 4 Feb 2010 has lapsed.

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