[Updated] MY-based creamer business accepts takeover offer from Southern Capital

Bursa-listed Can-One Bhd has accepted the offer to sell its creamer business to Singapore-based private equity firm Southern Capital Group, it said in a stock filing on Tuesday afternoon.

To recap, Can-One on Monday evening said it has received a letter of offer from Southern Capital to acquire its wholly-owned dairy product manufacturing arm F&B Nutrition Sdn Bhd for up to 1 billion ringgit ($240 million).

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