KUALA LUMPUR: KNM Group Bhd share pirce was unchanged at 81.5 sen in late morning trade on Thursday, 18 as investors were disinterested despite the move by its managing director Lee Swee Eng, via BlueFire Capital Group, to buy up KNM at 90 sen per share

At 11.30am, it was flat at 81.5 sen with 5.8 million shares transacted. It rose to as high as 82 sen earlier.

KNM had on Feb 4 received a proposal from BlueFire, an entitiy controlled by Lee -- who is also a major shareholder of KNM -- to acquire the entire business and undertakings of KNM.

"The proposed price is equivalent to 90 sen per issued ordinary share of KNM," it said, which was 15 sen above the closing price of 75 sen then.

KNM had then said the board has granted BlueFire, a limited exclusivity period up to March 22 in which to complete due diligence and satisfy the other conditions of the Proposal, subject to confidentiality undertakings.