Japan's Toyota Tsusho offer for Kian Joo good exit for EPF

Kian Joo Can Factory Bhd subsidiary Kian Joo Packaging Sdn Bhd's premises.

PETALING JAYA: A competing offer from Toyota Tsusho Corp (TTC) that values Kian Joo Can Factory Bhd at a higher price puts the spotlight on the Employees Provident Fund (EPF).

This is because the offer from TTC at a maximum of RM3.74 per share for Kian Joo shares to be paid in cash is much higher than the value that the EPF has attached to the can manufacturer.