Can-One to sell F&B Nutrition to Wholesome Dairies for RM800mil-RM1bil

Can-One Bhd signed a sale and purchase agreement to sell F&B Nutrition Sdn Bhd to Wholesome Dairies Pte Ltd for between RM800 million and RM1 billion. Proceeds will pay down about RM750 million of bank borrowings used to privatise Kian Joo Can Factory.

“Can-One said that it had last Friday entered into a definitive sale and purchase agreement with Wholesome Dairies Pte Ltd.”thestar.com.my

• 1 source
• thestar.com.myCan-One to use proceeds from F&B sale to pare down borrowings | The StarJun 17, 2019

Summarized from public sources; check the original articles before acting on it.