In a filing with Bursa Malaysia, Alcom disclosed that Yeoh, who is the controlling shareholder of Towerpack, had proposed to buy 79.23 million Alcom shares for RM47.72mil or 61 sen a share in an all-cash deal. Yeoh already owns majority stakes in three separate listed entities. He holds a 32.9% stake in aluminium packaging manufacturer Kian Joo Can Factory Bhd and 54.83% in Box-Pak (M) Bhd via his interests in the former. He is also a substantial shareholder of Can-One Bhd with a 27% stake.
PETALING JAYA: Prominent corporate figure Yeoh Jin Hoe has set his sights on his latest target in a bid to further his business interests in the aluminium packaging industry.
Through his investment vehicle Towerpack Sdn Bhd, Yeoh has undertaken a takeover of Aluminium Company of Malaysia
Bhd (Alcom) after agreeing to purchase a 59.16% stake in the aluminium rolled products manufacturer.
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