KUALA LUMPUR: Shares in Practice Note 17 (PN17) company, KNM Group Bhd were heavily traded this morning with 411 million shares traded.

       At 11.22 am, the counter added two sen, or 20% to 12 sen. Year-to-date, the counter has risen 140%.

       KNM has received a written requisition from a group of shareholders holding a combined 10.68% equity interest in the company to convene an extraordinary general meeting (EGM) seeking the removal of its entire board of directors.

       The shareholders -- German entrepreneur Andreas Heeschen and eight others -- are seeking to remove chairman Tunku Datuk Yaacob Khyra, Tan Sri Dr Zulhasnan Rafique, Ravindrasingham Balasingham, Yee Hong Ho, Steve Ho Soo Woon, Thulasy Suppiah, Datuk Uwe Ahrens, James Beltran, and Datuk Naresh Mohan.

       They also seek to appoint Johor princess Tunku Kamariah Aminah Maimunah Iskandariah Sultan Iskandar, Heeschen and five others -- Edwin Silvester Das, Datuk Zaidi bin Mat Isa @ Hashim, William H Van Vliet III, Flavio Porro, as well as Datuk Abd Ghani Yusof -- to the board.