AFTER failed attempts by several “white knights” to turn loss-making candy and wafer manufacturer Khee San Bhd
around, could the company finally be seeing a change of sorts in its fortunes with the emergence of a new name?
Bursa Malaysia filings show that businessman Datuk Ng Meng Kee, who is the founder of security seals manufacturer Mega Fortris Malaysia Sdn Bhd, has been steadily building up his stake in the company, buying shares from the open market since the middle of December last year.
That is about the same time as when troubled London Biscuits Bhd (LBB) exited Khee San as its shareholder and placed out new shares amounting to 45% of Khee San to instant noodle and snack manufacturer Mamee-Double Decker (M).
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