AmInvestment Bank Research said about 35% of Kian Joo
PETALING JAYA: Can-One Bhd
is proposing to acquire 2.167 million shares or a 0.49% interest in Kian Joo Can Factory Bhd (KJCFB) from Tan Kim Seng for RM6.71mil or RM3.10 per KJCFB share in cash.
This will increase Can-One’s shareholding in KJCFB to 33.39% from 32.90%, obliging it to extend a mandatory general offer (MGO) for all the remaining KJCFB shares not already owned by Can-One and its parties acting in concert for RM3.10 per KJCFB share.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
