KUALA LUMPUR (Jan 26): Shares of CAN-ONE BHD [] and Kian Joo Can Factory fell on Thursday, a day after the former said it had completed the acquisition of the 32.9% stake in KJCF for RM241.11 million cash consideration.
At 9.40am, Can-One fell nine sen to RM2.08 with 1.61 million shares done, while KJCF lost four sen to RM2.18 with 84,000 shares traded.
Analysts are expecting Can-One to make a general offer after securing the 32.9% block of KJCF.
At 9.40am, Can-One fell nine sen to RM2.08 with 1.61 million shares done, while KJCF lost four sen to RM2.18 with 84,000 shares traded.
Analysts are expecting Can-One to make a general offer after securing the 32.9% block of KJCF.
