QUOTE(ekoh @ May 13 2015, 04:54 PM)
http://finance.yahoo.com/news/king-koil-pa...-003400829.htmlKing Koil Parent Sold to Malaysia Licensee
The world’s seventh largest bedding brand sold to Kaiserkorp Corporation
LOS ANGELES--(BUSINESS WIRE)--
The parent company of King Koil Licensing Company, Inc., the seventh largest bedding brand in the world, was sold late Thursday to Kaiserkorp Corporation of Kuala Lumpur, Malaysia.
Kaiserkorp’s affiliate has been a long-time licensee of King Koil. The announcement was made jointly by Candace Caldwell Smith, owner of the parent company founded by her late father, William M. Caldwell III, in 1981, and Jin Hoe Yeoh, managing director of the new owner.
Yeoh was named chairman and succeeds Garret E. Weyand who has served as chairman and CEO since the passing of Mr. Caldwell in 2000. Yeoh announced that all current King Koil officers will remain in their positions.
David Roberts remains as president and chief operating officer in charge of day-to-day operations.
Yeoh, Teck Hong Goh and Marc Francis Yeoh Min Chang comprise the new board of directors of the parent company and King Koil.
The new owners intend to keep their current headquarters in Willowbrook, Illinois, and the company’s large showroom in Las Vegas, Nevada.
The King Koil brand was founded in 1898 and operates through nine licensees in the United States and 32 licensees internationally, with operations and sales in over 80 countries worldwide.
Jin Hoe Yeoh
Executive Director and Member of Remuneration Committee, Box-Pak Malaysia Bhd
Age Total Calculated Compensation This person is connected to 13 board members in 3 different organizations across 3 different industries.
See Board Relationships
67 --
Background*
Mr. Jin Hoe Yeoh has been Group Managing Director of
Kian Joo Can Factory Bhd since July 10, 2012. Mr. Yeoh served as the Managing Director of Can-One Bhd from April 2005 to July 11, 2012, and was responsible for the development of Can-One Bhd's corporate goals and objectives and setting strategies and plans to meet such goals and objectives. He has extensive experience in manufacturing and trading businesses having founded Kaiserkorp Sdn Bhd group of companies (“Kaiserkorp Group”) which is involved in the manufacture and distribution of “Kingkoil” brand mattresses and other branded mattresses in Malaysia. He founded Agrow (Malaysia) Sdn Bhd, a distributor of sanitary wares, ironmongery, locks and builders hardware. Mr. Yeoh also founded Ibufood Corporation Sdn Bhd group of companies (“Ibufood Group”) which is involved in the manufacture and trading of branded instant noodles and other fast consumer food products. He has been an Executive Director of
Box-Pak Malaysia Bhd since July 31, 2012. He has been a Non Independent & Non Executive Director of Can-One Bhd since July 11, 2012. He has been an Executive Director of Kian Joo Can Factory Bhd since June 18, 2012. Mr. Yeoh served as an Executive Director of Can-One Bhd from April 08, 2005 to July 11, 2012. He attended Malayan Teacher's College.
wow,does king koil made in malaysia?