KFM Group definition
Examples of KFM Group in a sentence
As such, the Proposed Regularisation Plan is not expected to materially change the risk profile of the KFM Group.
KFM Group intends to launch its own brands of corn starch into the market by May 2017 where it will source for corn starch in bulk and repack the starch into commercial and retail packs to target different market segments.
The other product the KFM Group intends to launch as part of its product range is corn starch.
The Proposed Debt Restructuring serves to restructure the Group’s indebtedness by comprehensively addressing the outstanding debts of KFM Group through a combination of debt waiver, cash settlement and settlement via the issuance of Settlement Shares and thus relieving the financial pressure on the Group’s debt settlement obligations and cash flow, which would in turn enable the management of the Group to focus on turning around the business operations of the Group.
The Board believes that the business collaboration arrangement pursuant to the BA and coupled with the anticipated enhanced financial position of the Group following the implementation of the Proposals are expected to improve the financial performance and condition of the KFM Group and eventually lead to the regularisation of KFM’s PN17 status.
The establishment of regional distribution and warehousing centres will provide the KFM Group with market access to potential customers in Northern, Central and Southern regions of Peninsular Malaysia.
Save for earnings to be generated by the KFM Group from the business collaboration arrangement pursuant to the BA, the entry into the BA is not expected to have any other material effects on KFM’s consolidated earnings, EPS, NA and gearing.
Upon completion of the Proposed Regularisation Plan, the KFM Group would still be involved in the flour milling industry.
The exact proceeds to be utilised for each component of working capital are subject to the operating requirements of the KFM Group at the time of utilisation and therefore has not been determined at this juncture.