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PETALING JAYA: Can-One Bhd has received a unconditional mandatory takeover offer at RM2.50 per share from its director Yeoh Jin Hoe (pic) and persons acting in concert with him (PACs).
SEREMBAN: Two of the country’s senior civil servants head the list of 272 recipients of titles and awards in conjunction with the 73rd birthday of Yang di-Pertuan Besar of Negri Sembilan Tuanku Muhriz Tuanku Munawir today.
There has been a rush by a number of companies to produce much needed protective gear in light of the outbreak of Covid-19.
WITH the market going into a corrective mode following rising uncertainties due to the US-China trade war, flight to safety has indeed been the theme since the beginning of the month as we saw global bond yields falling to levels depicting crisis like environment as central banks race to the bottom in cutting rates.
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.
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 in Can-One Bhd rose 7.6% in early trade Tuesday after the company received offer up to RM1bil for its dairy product unit.