PETALING JAYA: EKA Noodles Bhd, which lapsed into Practice Note 17 category last August, is looking to acquire the entire issued share capital in Penang-based rice vermicelli maker Kepala Batas Bihun Sdn Bhd (KBB), as part of its proposed regularisation plan.
In a filing with Bursa Malaysia, EKA Noodles announced that it had entered into a heads of agreement (HoA) yesterday with the vendors of KBB – Loo Seng Pang, Tai Poh Yak, Ang Eng Hooi, Phnuah Farn Farn, Ang Jin Mao and Datuk Seri Serm Juthamongkhon to set out the principal terms and conditions for the proposed acquisition of KBB’s entire issued share capital comprising 5.5 million ordinary shares or RM5.5mil.
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