Final curtain for famous noodle firm

Taiwan-based Master Kong set to be dissolved following food safety scandal

News of the disbanding of the once leading instant noodle provider Master Kong Taiwan has swept the business world on the first working day of the new year.

Hong Kong Stock Exchange listed Tingyi (Cayman Islands) Holding Corp, the holding company of Master Kong Taiwan, announced on Jan 2 that the major business of Master Kong Taiwan is the rental and import of manufacturing equipment for instant noodles. It is not involved in any food production. As the company has no substantial business operations, the board of Tingyi has decided to go through liquidation and dissolve Master Kong Taiwan.