Company, which is seeking listing on SGX, says the current board of directors will enhance the value of Borsig.
‘If the results of Monday’s EGM favour the current management, it has the potential to enhance the value of Borsig, says Jurgen Stegger.
“If the results favour the current management, it has the potential to enhance the value of Borsig through its initial public offering track and uplift KNM Group,” he said. “We plan to expand our business further in Asia by establishing local and regional engineering or production partnerships or facilities,” he said in the statement.
The notice of requisition for an EGM to oust the sitting board of directors was led by German tycoon Andreas Heeschen with the support of eight other shareholders.
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