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KUALA LUMPUR (Apr 22): Can maker Can-One Bhd is partnering a local private developer to build factories and hostel on two freehold plots of land it owns via a subsidiary in Mukim Kapar, Klang, Selangor, that will have an estimated gross development value of RM478.8 million.
KUALA LUMPUR (May 5): Can-One Bhd’s share price fell about 6% after rising in Bursa Malaysia morning trade today following the can manufacturer’s announcement yesterday it received a notice of unconditional mandatory takeover offer from substantial shareholder Eller Axis Sdn Bhd to acquire the remaining shares in Can-One not owned by Eller Axis and ultimate offeror Yeoh Jin Hoe. At 9:38am today, Can-One’s share price fell 17 sen or 5.72% to RM2.80 after rising to its highest so far today at RM2.91. Can-One’s share trade resumed today following a suspension yesterday in conjunction wit...
KUALA LUMPUR (May 4): Can-One Bhd has received a notice of unconditional mandatory takeover offer from major shareholder Eller Axis Sdn Bhd to acquire the remaining shares in Can-One not owned by Eller Axis and the ultimate offeror Yeoh Jin Hoe for RM2.50 per share. According to the notice of the offer from UOB Kay Hian sent on behalf of Eller Axis, which Can-One filed with Bursa Malaysia today, Eller Axis inked an unconditional share sale agreement with Genkho Candoz Sdn Bhd today to acquire 40.24 million shares or 20.94% in the metal-can manufacturer at RM2.50 per share or RM100.6 million i...
After a bad patch, more hits than misses in 3Q earnings The Edge 14/12/2020 Supriya Surendran © Provided by The Edge SURPRISINGLY, there were far more hits than misses in the financial performance of companies in the quarter ended Sept 30. Of the 881 companies on Bursa Malaysia, 482 reported an improvement in earnings and 399, a decline. “A big positive” was how private investor and former investment banker Ian Yoong described the quarter. “The reality is that the recently concluded earnings season for the third quarter is way above expectations. The misses-to-beats ...