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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:
Low-profile entrepreneur-owner Yeoh Jin Hoe has a knack for mergers and acquisitions that is almost unparalleled in the market.
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: Can-One Bhd rose in early trade today following Tuesday's announcement that its RM3.10 offer for shares in Kian Joo Can Factory Bhd had ended and that it now held a 97.48% stake in the company.
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: Yeoh Jin Hoe has finally won the corporate battle over arch rival Datuk See Teow Chuan to take full control of Kian Joo Can Factory Bhd.
PETALING JAYA: Can-One Bhd, which already owns 32.90% of Kian Joo Can Factory Bhd, has launched a conditional mandatory takeover of the latter at RM3.10 a share. This follows the takeover being approved at its EGM yesterday.
KUALA LUMPUR: Can-One International Bhd, which owns 31% of Kian Joo Can Factory Bhd, has launched a conditional mandatory take-over for the latter at RM3.10 a share.
They will decide on Kian Joo takeover
COME Feb 14, as others celebrate Valentine’s Day, shareholders of Can-One Bhd will meet to decide on a proposal to takeover its associate company, Kian Joo Can Factory Bhd.