Monday 9 January 2012

Can-One surges on court go-ahead

Can-One Bhd, a Malaysian maker of tin cans, jumped to a record in Kuala Lumpur trading after the Federal Court allowed it to proceed with the purchase of a 33 percent stake in rival Kian Joo Can Factory Bhd for RM241 million.

The stock surged 17 percent to RM1.86 at 9:03 a.m. local time. -- Bloomberg



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