Canning the fat: Can-One hives off food division
Low-profile entrepreneur-owner Yeoh Jin Hoe has a knack for mergers and acquisitions that is almost unparalleled in the market.
This week, fresh from leading his company Can-One Bhd 
to complete a takeover of Kian Joo Can Factory Bhd , Yeoh struck another mouth-watering deal.
Can-One has accepted an offer to hive off its food division arm, F&B Nutrition Sdn Bhd, for a whopping RM800mil to RM1bil to well-known private equity firm Southern Capital Group Pte Ltd.
The deal is significant because it gives Can-One much-needed capital to reduce its debt levels that have risen up significantly to complete the purchase of Kian Joo.
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