PETALING JAYA: The long-sought-for buyer of the controlling stake in Kian Joo Can Factory Bhd has finally been found. Can-One Bhd
has proposed to buy a 32.9% stake in the company for RM1.65 a share or a total of RM241.1mil cash.
In a brief statement to Bursa Malaysia yesterday, Can-One said the liquidators of Kian Joo Holdings Sdn Bhd (KJHSB) – In Liquidation – had accepted its conditional offer of purchase.
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