It was due to financial mismanagement that has brought this company to what it is today but I am confident that we are able to solve all problems and put it back on track.”
– Dato’ Dr. Nick Ng Mk, Chairman of Mega Fortris Group
After several failed attempts to revive Khee San Bhd, Founder and Chairman of Mega Fortris (M) Sdn. Bhd. Dato Dr. Nick Ng decided to step in and save this company that was recently classified under PN17 category. Dato Ng has been steadily buying shares from the open market since Decenmber 2019 and currently owns over 17 million shares or almost 15% in Khee San making him the single largest shareholder according to recent Malaysia stock exchange filing.
“Khee San is the first candy company in Malaysia and it has very good products selling in Malaysia and around the world, it is important to preserve a Malaysia brand and these sweets does bring back my childhood memories” says Dato Nick with a smile. He further continued by saying, “It was due to financial mismanagement that has brought this company to what it is today but I am confident that we are able to solve all problems and put it back on track”.
Dato Ng remained tight lip on who will be the other investors joining this shareholders’ rescue exercise but assured the public that there are several big names with very good proposals on the table.