The China Post
Date: January 3, 2017
By: The China Post news staff

TAIPEI, Taiwan — Master Kong (Taiwan) Foods Co., Ltd. an affiliate of the embattled Ting Hsin International Group, has been dissolved, a company official announced Monday.

Chia Hsien-der, vice president of Ting Hsin’s public affairs office, told local press that the decision to disband the company was based on a resolution made at a recent meeting of the group’s board of directors.

Chia said that the dissolution would not affect the listing of depository receipts issued by Tingyi (Cayman Islands) Holding Corp., the parent firm of Master Kong.

Master Kong (Taiwan) had engaged in the import of food-processing machinery equipment, which it leased to Wei Chuan Foods Corp. for the contract production of Master Kong Instant Noodles, the company spokesman said.    [FULL  STORY]