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KUALA LUMPUR: Can-One Bhd plans to use proceeds from the sale of F&B Nutrition Sdn Bhd to pare down its debts especially bank borrowings taken to privatize Kian Joo Can Factory Bhd (KJCFB). It said on Monday the proposed disposal would allow the group to achieve two main corporate objectives, namely:
KUALA LUMPUR: Shares of Can-One Bhd rose this morning, after the company accepted the offer to sell its subsidiary F&B Nutrition Sdn Bhd for up to RM1bil.
KUALA LUMPUR: Shares in Can-One Bhd rose 7.6% in early trade Tuesday after the company received offer up to RM1bil for its dairy product unit.
KUALA LUMPUR: MIDF Research is negative on Can-One's mandatory general offer (MGO) for Kian Joo Can Factory Bhd (KJCF) as the price will be too steep and impact its gearing.
KUALA LUMPUR: Trading in the shares of Can-One Bhd, Kian Joo Can Factory Bhd (KJCFB) and Box-Pak (Malaysia) has been suspended from midday on Monday until 5pm on Thursday.
KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) expects Can-One, Kian Joo Can Factory, Daya Materials and SILK Holdings to see trading interest on Monday.
KUALA LUMPUR: Can-One Bhd's earnings fell 41.8% to RM10.38mil in the first quarter ended March 31, 2014 from RM17.85mil a year ago on lower gross profit margins from its cans and food products divisions.
KUALA LUMPUR: Can-One Bhd, Seacera Group Bhd Yee Lee Corp Bhd and Yong Tai Bhd are among the stocks to watch on Friday, according to JF Apex Research.