KNM GROUP Bhd announced today that its wholly owned subsidiary KNM International Sdn Bhd has completed its subscription for 100 ordinary shares of RM1.00 each, representing 50 per cent equity stake in a joint venture company known as Verwater Industrial Services (Malaysia) Sdn Bhd (VISM) for RM100.
VSIM was incorporated on August 11, 1992, as a private limited company under the Companies Act 1965, the group said in a statement.
It is presently dormant although its main activities are in the business of relocating and jacking of tanks, catalyst change-out and chemical cleaning works. - Bernama
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