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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.

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.

Kian Joo Can Factory Bhd

   

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