Zamsaham Takes Over Chinese Vermicelli Company - Kakiforex.com - Financial Market Media No. 1 in the World Zamsaham Takes Over Chinese Vermicelli Company Zamsaham Takes Over Chinese Vermicelli Company
InstaForex

June 2, 2021

Zamsaham Takes Over Chinese Vermicelli Company

 Leading entrepreneur, Norizam Tukiman urged Eka Noodles Bhd to announce him as the company's largest shareholder immediately.


According to Norizam or better known as Zamsaham, he and some of his friends have owned more than 30% stake in the company.


To date, there has been no announcement made by Eka Noodles Bhd.


“I have informed this matter to Bursa Malaysia, the Companies Commission of Malaysia (SSM) and the Securities Commission (SC).


"So far, they are still investigating this situation. Most importantly, I want an extraordinary general meeting (EGM) to be held because I am sure we have a majority, only no executive power, ”he said when contacted by us yesterday.




Zamsaham added that the company has until June 29 to announce him as the largest shareholder.


"If the company does not make any announcement within the given time period, I will refer to a lawyer for further legal action and will hold an EGM on its own," he explained.



Zamsaham, who is also the owner of Kelantan FC and Zamburger, reportedly bought 100 million shares when the company's share price plummeted on the open market recently.


Zamsaham stressed that the effort to take over Eka Noodles Bhd was not to make a profit alone, instead he wanted to ensure that the products produced by the company were fully owned by the Bumiputeras.


"During the campaign 'Buy First Muslim' (BMF) recently, I see there are products such as vermicelli using mosques logo, the name of 'Malay' and Jawi.


“Starting from there, made me want to take over Eka Noodles Bhd.


“The company employs Bumiputera employees and directors but the owners are Chinese. It was not right, I want to make sure that business is totally owned by the Malays and legally guaranteed halal logos and clean, "he said.




Yesterday, Bernama reported that trading in Eka Noodles Bhd shares was suspended from May 31 after the local bourse rejected its application for an extension of time for

submit a revised restructuring plan proposal.


In a filing last week, Eka Noodles Bhd said Bursa Securities was of the view that the company did not show that it was satisfied with any developments regarding the submission of the restructuring plan to the regulatory authorities.


Following the suspension, Eka Noodles Bhd will be delisted on June 2 unless an appeal against the delisting is submitted before May 28.