PETALING JAYA: Can-One Bhd
has received the Federal Court's go-ahead to proceed with its purchase of 32% of Kian Joo Can factory Bhd (KJCF) for RM241.12mil.
In a statement to Bursa Malaysia yesterday, Can-One said: “The company has, on Jan 6, been advised by its solicitors that the Federal Court had, on Jan 5, allowed the liquidators' appeals, including the liquidators' appeal to proceed with the completion of the sale of 146,131,500 shares of 25 sen each held by KJ Holdings in Kian Joo at RM1.65 per share for RM241,116,975 to Can-One International Bhd (CISB).''
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