sch 4th quarter report up up 245% .. ada kesan ke..

Lastik...

Four months after announcing its plan to shut down manufacturing of two loss-making subsidiaries, EKA Noodles Bhd has made an about-turn and announced today that both units will now resume their operations.

The subsidiaries are EKA Foodstuff Sdn Bhd and Kilang Bihun Bersatu Sdn Bhd (KBBSB).

On Jan 12 this year, EKA Noodles said it was planning to shut down operations of EFSB and its other wholly-owned unit KBBSB from Jan 18, after which it would sell off the assets of KBBSB to settle the latter's liabilities.

EKA Noodles had then said the move was proposed because both subsidiaries had been suffering losses for several years and were not expected to turn around in the near future.

As for KBBSB, EKA Noodle's board expects its production activities to fully resume by next month.

On May 8, the group appointed Tan Sri Tan King Tai @ Tan Khoon Hai as its non-independent and non-executive chairman, following the resignation of former independent non-executive chairman Datuk Sohaimi Shahadan on May 2.

Tan is the father-in-law of EKA Noodles’ executive director Fong Yit Meng, and sits on the Board of Directors in Pensonic Holdings Bhd, Muar Ban Lee Group Bhd and SWS Capital Bhd.

wahh...akhirnya...change in boardroom.... so good news .... volume is coming...