PETALING JAYA: Can-One Bhd's major shareholder along with friendly parties are considering a privatisation or merger exercise with Kian Joo Can Factory Bhd, reliable sources said.
The move is said to be related to Can-One's acquisition of a 32.9% stake in Kian Joo, which should be completed today, after a lengthy court battle.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!