Can Can-One woo Kian Joo this time?
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 .
It is interesting that the EGM is being held on Valentine’s Day, as the history between the two companies is akin to a tale of unrequited love.
It is not the first time parties related to Can-One have pursued Kian Joo, only to be faced with various obstacles and challenges in its path.
In the latest deal, announced last month, Can-One Bhd is proposing to acquire 2.167 million shares or a 0.49% interest in Kian Joo from Tan Kim Seng for RM6.71mil or RM3.10 per share in cash.
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