Case Study Of Nestle Malaysia

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Our company named Nestlé is a Swiss multinational food and beverage company headquartered in Vevey, Switzerland. The products manufactured by Nestlé ranged from baby food, breakfast cereals, coffee, confectionery, dairy products, ice cream and to snacks. Nestlé Malaysia is formed in 1912 as the Anglo-Swiss Condensed Milk Company in Penang. Along with the company growth, it was then moved to Kuala Lumpur in 1939. Since 1962, Nestlé owed its first factory in Petaling Jaya. Now, Nestlé Malaysia has 7 factories and its head office is located in Mutiara Damansara.
Nestle Malaysia was listed on Bursa Malaysia Berhad on 13 December, 1989. Its brand name such has MILO®, NESCAFÉ®, MAGGI®, NESPRAY® and KIT KAT® have become trusted household names and
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Total of 700,509,400 ordinary shares are being offered in the Initial Public Offering at the nominal value of RM0.10. AirAsia Bhd has its latest market capital at 4.286 MYR as at 26 June 2015 (BloombergBusiness, 2015). Furthermore, AirAsia Berhad has been preparing its financial statement at the year end of 31 December every year and it current auditor remains to be PricewaterhouseCoopers (PwC). They will prepare quarterly report on unaudited consolidated results of its group as reference for interested investors. Besides, AirAsia is applying Fair value accounting on its non-financial tangible assets. For instance, notes 12 (page 77) in AirAsia’s Annual Report year 2012 shows that the movement of impairment of other investments are measured at fair…show more content…
Datuk Kamarudin Bin Meranun was appointed as the Non-Independent Executive Chairman in 2013. Also, received the honour of Best Actuarial Student during his diploma in University Technology MARA, get a Distinction Majoring in Finance and completed his M.B.A in 1987. Subsequently, the next spiritual leader is Tan Sri Dr. Tony Fernandes, which is the non-independent Executive Director and Group Chief Executive Officer of AirAsia. In 1991, he becomes an associate member of ACCA. Other Board of Directors are Aireen Omar, the Executive Director and Chief Executive Officer. She holds an Economic Degree and Political Science respectively in London School of Economics and New York University. Dato’ Abdel Aziz, who is the Non-Independent Non-Executive Directors, is both an audit committee and Nomination and Remuneration Committee. While Dato’ Fam Lee Ee, Amit Bhatia and Uthaya Kumar A/L K Vivekananda are the Independent Non-Executive Director of the company. Dato’s Fam is a double degrees holder of BA (Hons) and LLB (Hons) and currently a member of Audit, Remuneration and Nomination Committees. Amit Bhatia completed his study in Economics at Cornell University, USA. Uthaya Kumar was a former Senior Partner in PwC, a fellow member of Institute of Chartered Accountants in England, holder of MIA and

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