Kian Joo and Aspire call off takeover


Kian Joo board is still open to offers despite failed deal with Aspire Insight

PETALING JAYA: Can maker Kian Joo Can Factory Bhd and Aspire Insight Sdn Bhd have called off their business sale agreement (BSA), which would have seen the former disposing its entire business including its assets to Aspire for RM1.46bil.

In its filing with Bursa Malaysia on Friday, Kian Joo said the two parties mutually agreed to terminate the BSA and its ancillary agreements.

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