TOMISHO Holdings Bhd's newly-appointed managing director Ng Ah Chai has pledged to steer the furniture-making company to profitability in two years via strategies that include going upstream.
Ng, who was formerly an executive director of Tomisho, has emerged as the company's substantial shareholder with an equity stake of 17% after acquiring 6 million shares in the company from Eastern Premium Sdn Bhd, a company associated with former managing director Lim Eng Huat, for RM1.50 a share. Lim is now chairman of Tomisho.
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