Latest news with #KNM
The Star
01-08-2025
- Business
- The Star
KNM's subsidiary to dispose of entire equity interest in FBM Hudson Italian
KUALA LUMPUR: KNM Group Bhd's wholly-owned subsidiary, KNM Europa BV, will dispose of its entire equity interest in FBM Hudson Italian SPA (FBMHI) to SymbEx GmbH and Terragarda GmbH for EUR19.50 million (EUR1=RM4.89). In a filing with Bursa Malaysia today, the group said its board had taken into consideration the overall financial condition of FBMHI, which, despite a commendable return to profitability in the fourth quarter of 2024 and the first quarter of 2025, requires a significant and immediate capital injection. "This capital is essential for comprehensive debt restructuring, augmenting working capital to support its substantial tender pipeline, and funding future growth initiatives. "The board acknowledges that such financial resources are not presently available at the KNM Group level due to its own ongoing restructuring efforts,' it said. As such, KNM said the proposed disposal of FBMHI is considered a critical and strategic initiative. It aims not only to unlock value for KNM's shareholders but also to ensure the long-term operational and financial sustainability of FBMHI under new ownership with strong financial capacity and a clear strategic direction. The proposed disposal of FBMHI is structured as a comprehensive acquisition and recapitalisation plan, reflecting a total enterprise value of EUR8.00 million. "For avoidance of doubt, the cash consideration of EUR8.00 million and FBMHI intercompany debt assumption of EUR11.50 million, collectively amounting to EUR19.50 million shall be the total disposal consideration of this proposed disposal of FBMHI,' it said. In response to the offer, KNM Europa has granted both SymbEx and Terragarda a 60-day exclusive negotiation period. "This exclusivity is intended to allow the purchasers to conduct a thorough due diligence exercise and facilitate the negotiation of a definitive sale and purchase agreement,' it added. - Bernama
The Hindu
29-07-2025
- The Hindu
July 30: a cup of memories, a dash of hope
The name 'July 30' on Noufal Kalathingal's cafe signboard at Mepadi town is more than just a date. It echoes both pain and purpose for him. It is a symbol of his resilience in the face of unimaginable loss. It is a tribute to the loved ones he lost in the Wayanad landslide disaster. When nature ravaged Mundakkai and Chooralmala on the night of July 30, 2024, Mr. Noufal was thousands of miles away, working as a chef in Oman. Just minutes before the disaster, he had shared a tender WhatsApp video call with his wife Sajna and their three children. He never heard from them since. Mr. Noufal lost 11 members of his family: wife and three children, his parents, his brother, sister-in-law and their three children. The scene that awaited him in Wayanad on July 31 was one of unrecognizable devastation. 'I had some hope until I reached Wayanad. My parents' bodies were recovered and buried the day before. It was the familiar sparkle of an earring that confirmed the unbearable truth: my daughter,' Mr. Noufal's words broke. It took Mr. Noufal nearly three months to confirm the identities of his other family members, including his wife Sajna, through DNA testing. With a heavy heart, he revealed the grim reality: 'My wife's remains are scattered in two graves. The same fate befell my children and brother.' The devastating landslide had dismembered bodies beyond recognition, leading to piecemeal burials before DNA results later revealed the true identities. His wife's dream was for Mr. Noufal to return home and start a cafe, a plan he was actively working on. 'I was saving up to make her dream a reality,' he said. Though Sajna is not there to witness it, her presence lives on in every cup of coffee he serves. 'I named my cafe 'July 30' to ensure that the Mundakkai-Chooralmala tragedy is not forgotten, unlike the 2019 Puthumala disaster that is already slipping from memory,' he said. Shared sorrow The Kerala Nadvathul Mujahideen (KNM) helped him set up the cafe in a rented building. He employs six workers who lost their livelihoods in the tragedy. More than coffee and snacks, the menu reflects the region's flavours: biryani, mandi, porotta and beef fry. 'This cafe is not about profits, it is about preserving memories and supporting those who lost their livelihood,' he said. Mr. Noufal's resilience is an inspiration to many survivors. Last month, he married Safna, 37. They are now preparing to move into a house donated by KMCC Muscat wing. Mr. Noufal's journey of healing and rebuilding enters a new chapter.
New Indian Express
30-06-2025
- Politics
- New Indian Express
Zumba row: Kerala Nadvathul Mujahideen strikes a different note
KOZHIKODE: Differences of opinion have emerged within Muslim organisations over the ongoing controversy surrounding zumba sessions in schools, with Kerala Nadvathul Mujahideen (KNM) state president T P Abdulla Koya Madani striking a different note. In a veiled reference to the remarks by some leaders of feeder organisations of the Samastha Kerala Jem-Iyyathul Ulama and Wisdom Islamic Organisation (WIO), Madani said religious scholars should have shown more maturity before making public statements. He said the scholars should refrain from making statements that create divisions in society. 'Those who spark communalism should understand they won't be able to contain it. Instead of resolving real issues plaguing Kerala's public and higher education sectors, they are indulging in controversies that distract (people) from basic concerns,' Madani said after inaugurating the KNM state workers' convention in Kozhikode on Sunday. He said: 'There should be no attempts to create sectarian divide among children in public schools under the pretext of the zumba controversy. Religious leaders must show greater maturity and avoid the approach that sow divisions in society.' WIO general secretary T K Ashraf ignited the controversy by opposing the introduction of zumba in schools.
Time of India
29-06-2025
- Politics
- Time of India
Don't dictate terms: Min on Zumba row
1 2 3 4 5 T'puram/Kozhikode: Education minister V Sivankutty said no one should dictate terms on what should be done in public schools. If anyone has any issues, they should discuss them with the govt. He stated that he would not accept any threat or warning from anyone regarding the Zumba row. "There is an elected govt to decide on academic and non-academic matters in govt schools," Sivankutty told reporters in the capital. The govt is ready to have a discussion on the steps taken, but on issues commonly known to all, the govt won't allow anyone to dictate terms that go against the secular nature of the country, he added. The comments and behaviour on Zumba actually ridiculed lakhs of students and teachers who take part in the dance. "There is controversy on school uniforms, on dress code, and that boys and girls are dancing together. There are associations to decide the dress code of sportspersons; school uniforms are decided by the PTA," he said. "There were requests not to hold exams on Saturdays because some groups said they can't use pen and paper on that day. Such things will inconvenience a large number of people. We're ready to bring changes that are justified." The Zumba Association held a Zumba flash mob protest in front of the Secretariat against the attempts to target the fitness cardio programme in the name of dressing and terming it DJ entertainment. Minister Sivankutty took part in the protest. Differences among Muslim bodies Some Muslim organizations which had stringently opposed the introduction of Zumba in schools appear to be softening their stance now even as differences of opinion have emerged among other Muslim bodies over the matter. Kerala Naduvathul Mujahideen (KNM) state president T P Abdulla Koya Madani said on Sunday the controversy was unnecessary and suggested that it was created by those who heard Zumba for the first time now. Madani said KNM did not support stoking controversy over the issue, especially at the very start of the academic year, in a way that risked communal overtones. "At the organisational level, we are sad over the moves which have taken place at the commencement of the academic year itself, making people think about it in a communal manner," he said, adding that the state govt was the one which was open to examining the matter and holding discussions if there was anything in Zumba which should be opposed. Asked whether KNM opposed introduction of Zumba in schools, Madani said KNM did not have a stand of completely opposing any new reform. "It can be examined if there is anything in it which should be opposed. Creative suggestions can be put before the govt," he said. IUML national general secretary P K Kunhalikutty said no religious organization was against organizing physical activity in schools. "The organizations had only sought clarity on some doubts and concerns over the matter. The govt has now clarified that Zumba is not compulsory and is optional. I spoke to the education minister and he said that steps would be taken to clear the doubts," Kunhalikutty said. He said instead of providing clarifications on the points raised, it is improper to brand the organizations as extremists. EK Sunni leader Nasser Faizi Koodathayi said there was no need for opposition if there is an option to engage in exercises without mixed-gender format and by upholding one's own culture. "Our issue is when it is forcefully imposed," said Koodathayi.
Time of India
29-06-2025
- Politics
- Time of India
Row on Zumba in schools: Kerala education minister says govt will not accept threats or interference
1 2 3 T'puram/Kozhikode: Education minister V Sivankutty said no one should dictate terms on what should be done in public schools. If anyone has any issues, they should discuss them with the govt. He stated that he would not accept any threat or warning from anyone regarding the Zumba row. "There is an elected govt to decide on academic and non-academic matters in govt schools," Sivankutty told reporters in the capital. The govt is ready to have a discussion on the steps taken, but on issues commonly known to all, the govt won't allow anyone to dictate terms that go against the secular nature of the country, he added. The comments and behaviour on Zumba actually ridiculed lakhs of students and teachers who take part in the dance. "There is controversy on school uniforms, on dress code, and that boys and girls are dancing together. There are associations to decide the dress code of sportspersons; school uniforms are decided by the PTA," he said. "There were requests not to hold exams on Saturdays because some groups said they can't use pen and paper on that day. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 파고다 방학집중반 오픈 파고다어학원 더 알아보기 Undo Such things will inconvenience a large number of people. We're ready to bring changes that are justified." The Zumba Association held a Zumba flash mob protest in front of the Secretariat against the attempts to target the fitness cardio programme in the name of dressing and terming it DJ entertainment. Minister Sivankutty took part in the protest. Differences among Muslim bodies Some Muslim organizations which had stringently opposed the introduction of Zumba in schools appear to be softening their stance now even as differences of opinion have emerged among other Muslim bodies over the matter. Kerala Naduvathul Mujahideen (KNM) state president T P Abdulla Koya Madani said on Sunday the controversy was unnecessary and suggested that it was created by those who heard Zumba for the first time now. Madani said KNM did not support stoking controversy over the issue, especially at the very start of the academic year, in a way that risked communal overtones. "At the organisational level, we are sad over the moves which have taken place at the commencement of the academic year itself, making people think about it in a communal manner," he said, adding that the state govt was the one which was open to examining the matter and holding discussions if there was anything in Zumba which should be opposed. Asked whether KNM opposed introduction of Zumba in schools, Madani said KNM did not have a stand of completely opposing any new reform. "It can be examined if there is anything in it which should be opposed. Creative suggestions can be put before the govt," he said. IUML national general secretary P K Kunhalikutty said no religious organization was against organizing physical activity in schools. "The organizations had only sought clarity on some doubts and concerns over the matter. The govt has now clarified that Zumba is not compulsory and is optional. I spoke to the education minister and he said that steps would be taken to clear the doubts," Kunhalikutty said. He said instead of providing clarifications on the points raised, it is improper to brand the organizations as extremists. EK Sunni leader Nasser Faizi Koodathayi said there was no need for opposition if there is an option to engage in exercises without mixed-gender format and by upholding one's own culture. "Our issue is when it is forcefully imposed," said Koodathayi.
