EKA Noodles boardroom tussle


KUALA LUMPUR: A boardroom tussle has surfaced at loss-making EKA Noodles Bhd, with new substantial shareholder Vibrant Class Sdn Bhd and two other shareholders seeking to remove all board members except for group managing director and largest shareholder Datuk Seri Chin Seak Huat.

In a filing with Bursa Malaysia, the noodle manufacturer said Vibrant Class Sdn Bhd, which last month emerged as the second biggest shareholder with an 8.97% stake together with Law Chong Kai and Fong Yit Meng had requested for an EGM to remove the directors and appoint seven new directors.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Trade showing remains on upward trajectory
Maxis pledges full support to government’s 5G delivery model
Fajarbaru Builder secures RM13mil job
MKH Oil Palm IPO oversubscribed
How Sin-Kung leveraged air cargo for its success
Domestic office-sector REITs stay cautious
US existing-home sales decline as rates keep buyers sidelined
1Q GDP growth likely to have accelerated to 3.9%
MARC: Room to improve current account balance
MISC to develop world’s first ammonia dual-fuel ships

Others Also Read