PETALING JAYA: Can-One Bhd is proceeding with its acquisition of a 32.9% stake in competitor Kian Joo Can Factory Bhd (KJCF), a company almost four times Can-One’s size in terms of market capitalisation.
In April, Can-One through wholly-owned subsidiary Can-One International Sdn Bhd entered into a share sale agreement with Kian Joo Holdings to buy a 32.9% stake in KJCF for RM241.12mil or RM1.65 a share.
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