KWAP in tie-up with Can-One

KWAP CEO Wan Kamaruzaman Wan Ahmad

KUALA LUMPUR: Can-One Bhd may have lost an opportunity to realise its investment in Kian Joo Can Factory Bhd but it is poised to monetise its food division in a deal with the Retirement Fund Inc, or better known as KWAP.

KWAP confirmed that it is the final stages of completing an acquisition of a 30% stake in Can-One’s wholly-owned dairy manufacturing business, F&B Nutrition Sdn Bhd.