KNM has informed that MAA Credit Berhad a sub-subsidiary of MAA Group Berhad, has agreed to grant a loan of up to RM13.5million to KNM Process Systems Sdn Bhd a wholly-owned subsidiary of the Company at 12% per annum.
The company said the loan repayment should not exceed 12 months and that it will be using the fund for working capital.
It also to be noted that Tunku Dato’ Yaacob Khyra is the Chairman of MAAG and has an indirect interest in KNM by virtue of his indirect interest in MAAG, Imperium Edumaax Sdn Bhd as well as Melewar Industrial Group Berhad, who collectively are substantial shareholders of KNM.
