Can-One not in a hurry to sell dairy unit

PETALING JAYA: Tin cans and food products manufacturer Can-One Bhd said it is not in a hurry to sell its stake in its subsidiary F&B Nutrition Sdn Bhd despite having been approached by some parties, including Kumpulan Wang Persaraan (Diperbadankan) (KWAP).
"Nothing has been confirmed and firmed up, it's just on an enquiry basis. We'll look at all proposals, if the price and valuation offered is very attractive, then we might consider it," Can-One COO and executive director Marc Francis Yeoh Min Chang told reporters after the company's AGM here today.
He noted that Can-One is unlikely to sell the entire stake in F&B Nutrition, which manufactures sweetened creamer and evaporated creamer.
Yeoh added that no formal proposal offer has been received thus far.