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creditors not stupid, they know how business is running, they wait for borsig to listed in sgx and get back their money. after that , the knm will turn to profitable quarterly. now because knm have high debt , the interest will eat up all the profit.
if they able to find fund to pay, then very soon it will uplift from pn17 status, also depends on klse allow or not. see AA request been rejected and add the clause they must show profit in qtr only can uplift. so u see and u think urself ya
knm asking extension to submit their regularization plan because borsig haven't listed in sgx, they need 3 financial year report to fullfil sgx listing requirements. so, end of this year is the 3rd year. then they will arrange the listing by next year qtr 2
waiting the high court to announce approve or reject the extension application of SOA and RO on 2nd Nov, then the price may shoot up.
investor must know what u r invest in. take u own risk ya