KUALA LUMPUR: Yeoh Jin Hoe has finally won the corporate battle over arch rival Datuk See Teow Chuan to take full control of Kian Joo Can Factory Bhd . In a filing with Bursa Malaysia today, Can-One Bhd said it has obtained a 95.88% control of shares Kian Joo. Can-One, controlled by Yeoh, in February launched a mandatory general offer to takeover Kian Joo at RM3.10 a share. A year later, Kian Joo received a proposal from a party viewed as connected to Can-One – Aspire Insight Sdn Bhd. The company made a RM1.46bil cash takeover offer to buy Kian Joo’s entire assets and liabilities at RM3.30 a share.

Source: The Star April 26, 2019 12:33 UTC