Can-One gets RM2.50 a share takeover offer from major shareholder

KUALA LUMPUR: Can-One Bhd's major shareholder and director Yeoh Jin Hoe has raised his stake in the company to 44.67%, triggering a mandatory takeover offer.

Yeoh, through Eller Axis Sdn Bhd, on Tuesday has entered into a deal to buy 40.2 million shares, or 20.94% of Can-One from Genkho Candoz Sdn Bhd for RM100.6mil, or RM2.50 each.