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KUALA LUMPUR (Dec 13): Can-One Bhd is buying another 2.17 million shares or a 0.49% stake in Kian Joo Can Factory Bhd and will subsequently extend an mandatory general offer (MGO) to the minority shareholders of Kian Joo at an offer price of RM3.10 per share.
In a filing with Bursa Malaysia today, Can-One said its wholly-owned subsidiary Can-One International Sdn Bhd has entered into a conditional share sale agreement (SSA) with Tan Kim Seng for the 0.49% stake in Kian Joo for RM6.71 million or RM3.10 per share cash.