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PETALING JAYA: Can-One Bhd’s major shareholder along with friendly parties are considering a privatisation or merger exercise with Kian Joo Can Factory Bhd, reliable sources said.
PETALING JAYA: Can-One Bhd’s gearing level is expected to come down as the company plans to repay RM750mil of its debt following the sale of its creamer segment, F&B Nutrition Sdn Bhd.
PETALING JAYA: The saga between Can-One Bhd and Kian Joo Can Factory Bhd (KJCF) is now coming to an end after the former obtained a 95.88% control of shares in the latter.In a filing with Bursa Malaysia yesterday, Can-One International, a unit of Can One holds 425.88 million shares or a 95.88% stake in Kian Joo.
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.