1. Company Profile
Mamee-Double Decker (M) Berhad is a Malaysia-based investment holding company, engaged in the provision of management services to subsidiary companies. The Company, along with its subsidiaries, is engaged in manufacturing and marketing of food and dairy products, and soft drinks. On January 29, 2010, the Company announced the cessation of its wholly owned subsidiary, MDD-Double Decker Foods (Suzhou) Co. Ltd. On January 29, 2010, the Company announced the disposal of its interest in MDD Bulk Foods Sdn Bhd. In April 2010, the Company ceased operations of its Nicolet confectionery business segment.
The Company's subsidiaries include Pacific Food Products Sendirian Berhad, which is engaged in manufacturing and marketing of food products; MDD Beverage Sdn Bhd, which is engaged in manufacturing, marketing, and contract packing of soft drinks, and Mamee-Double Decker ICT Sdn Bhd, which is engaged in provision of information system management and motor vehicle rental services.
a) Board of director
1. Datuk Pang Chin Hin
Datuk Pang, age 80, a Malaysian, is the executive Chairman of the company. He was appointed to the Board on 3 Augus 1991. He is also a member of the Options Committee. Under his stewardship over the past 40 odd years, the Group has grown from a small family concern into one of the largest local instant noodles and snack food manufacturers in Malaysia. In addition to possessing an intimate knowledge of production and machinery, he has extensive connections with both local and overseas machinery suppliers. He also holds directorship in several private limited companies. He is the father of Datuk Pang Tee Chew and Datuk Pang Tee Nam, both of whom are Executive Directors and substantial shareholders of the Company. He is also the father of the late Mr Pang Tee Suan, a substantial shareholder of the Company. He is deemed interested in recurrent related party transactions, of which a Shareholders' Mandate has been obtained in the AGM held 26 May 2010. Details pertaining to these transactions are disclosed under Note 32 to the Financial Statements. He has had no convictions for any offences within the past 10 years. 2. Y.A.M Tunku Osman Ahamd
Independent Non-Executive Vice Chairman
Y.A.M. Tunku Osman Ahmad, age 78, a Malaysian, is an Independent Non-Executive Vice-Chairman of the Company. He was appointed to the Board on 4 September 1991. He is also a member of the Audit Committee, Remuneration Committee and Nomination Committee.
He currently sits on the Boards of Keck Seng (Malaysia) Berhad Group, Alpha Industries Berhad and CHG Industries Berhad. He is also currently the President of Johor Wood Industries Association, Malaysian Wood Industries Association and the Chairman of the Malaysian Timber Council. He was the past President of various major real estate associations in Malaysia and the Asian region, amongst which are F.I.A.B.C.I. Malaysia Chapter, an International Estate Federation with its Headquarters in Paris, M.O.H.S (Malaysian Organisation For Human Settlements) and A.A.P.H. (Asean Association For Planning And Housing), REHDA (Real Estate And Housing Developers' Association of Malaysia) and also the Patron of REHDA, Johor Branch.
He does not have any family relationship with any Director and/or substantial shareholder of the Company, and any personal interest in any business arrangement involving the Company.
He has had no convictions for any offences within the past 10 years.
3. Datuk Pang Tee Chew
Datuk Pang Tee Chew, age 58, a Malaysian, is the Managing Director of the Company and also the Chief Executive Officer of the Group. He was appointed to the Board on 03 August 1991.
He is also a member of the Remuneration Committee and the Option Committee. He has been with the Group since 1981 and is currently in charge of the corporate affairs of the Group. Being a member of the British Institute of...
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