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Yeoh fined and reprimanded by SC, Can-One launches takeover of KJCF


KUALA LUMPUR: Prominent businessman Yeoh Jin Hoe’s latest attempt to consolidate the business of the country’s top packaging can producers got off to a rocky start.

Can-One Bhd , in a filing with Bursa Malaysia today, said Yeoh and his partners were reprimanded and fined by the Securities Commission for failing to undertake a mandatory general offer to buy out minority shareholders in Kian Joo Can Factory Bhd (KJCF) after their shareholding in the company increased above the 33% threshold.

Corporate News , Kian Joo , Can One

   

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