Kian Joo’s shares gain to near Can-One takeover price level

TheStar Fri, Feb 15, 2019 08:06am - 5 years View Original


Expansion strategy: Can-One says there are synergistic benefits if both companies are consolidated into one

Expansion strategy: Can-One says there are synergistic benefits if both companies are consolidated into one

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.

   

Kian Joo’s shares rose 13 sen or 4.53% to close at its day-high of RM3, near its takeover price, while Can-One’s shares also rose in tandem to close 10 sen or 3.88% higher at its day-high of RM2.68.

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Related Stocks

CANONE 2.670
KIANJOO 3.050

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