Source disclosure: January 29, 2026
NGK INSULATORS,LTD. [5333.T]
TOKYO, Jan 29 (Pulse News Wire) – NGK Insulators,ltd. (5333.T) canceled its agreement to acquire all shares of Deutsche KNM GmbH, a holding company for Borsig GmbH which manufactures heat exchangers and membrane devices, due to unresolved regulatory issues affecting the Malaysian parent company, KNM Group Berhad.
The cancellation was decided during a board meeting held today. Initially, NGK had entered into a contract to purchase Deutsche KNM GmbH's shares but failed to meet the necessary conditions for execution, particularly related to KNM Group Berhad’s regularisation plan approval. As a result, KNM Group Berhad delisted from the Malaysia stock exchange on November 5, 2025, triggering the termination clause in the acquisition agreement.
In discussions with KNMPS Sdn Bhd, NGK evaluated various options, including attempting to execute the share purchase despite the unmet conditions. However, considering multiple factors, the company opted to terminate the agreement. Regarding future outlook, NGK stated that the cancellation would not impact its fiscal year 2026 consolidated performance forecast previously disclosed on November 26, 2025.
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