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).
In a filing with Bursa Malaysia, the group said Eller Axis Sdn Bhd had entered into an unconditional share sale agreement with Genkho Candoz Sdn Bhd to buy a 20.94% stake in Can-One for RM100.6mil or RM2.50 per Can-One share.
Can-One is involved in the manufacture of metal and lithographed cans, plastic jerry cans, bag-in-boxes, and the manufacture, packaging and distribution of dairy and non-dairy products.(pic below)
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