The Tropical Islands Resort in Brandenburg, Germany is housed inside a former Zeppelin airship hangar.
ON Thursday, Can-One Bhd
informed Bursa Malaysia that it had triggered the mandatory general offer (MGO) for Kian Joo Can Factory Bhd (KJCF) after it acquired an additional 0.49% in its associate for RM3.10 per share, thus increasing its stake to 33.39% from 32.9%.
In a separate filing, the Securities Commission said it had imposed sanctions on Can-One’s fourth-largest shareholder, Yeoh Jin Hoe, and his parties acting in concert (PACs) for failing to launch an MGO to acquire the remaining shares in KJCF after their collective shareholding increased above the 33% threshold.
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!
