Thursday, 16 February 2012

Can-One drops on stake sale impasse

Can-One Bhd, a maker of tin cans, dropped 5 per cent to RM1.70, headed for its lowest close since January 11.

See Teow Chuan, former managing director of Kian Joo Can Factory Bhd, and 13 others are seeking a review of the Federal Court’s ruling that allowed Can-One to buy a 32.9 per cent stake in Kian Joo, according to a stock-exchange filing.

Kian Joo fell 2.6 per cent to RM2.22. - Bloomberg



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