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In 2007 These two giants packaging companies valued Kian Joo at RM2.20 with the following financial highlights:

YEAR 2007 (in’000)
Revenue 787,216
Profits Before Taxations 61,250
Profits After Taxation and Minority Interest 45,147
Dividend Rate 20%
Dividend Net 22,208
Paid-up Capital 110,862
Shareholders’Equity 646,316
Total Tangible Assets 937,240
Total Borrowings 153,131
Earnings Per Shares (sen) 10.17
Net Assets Backing Per share 1.46
Borrowings per shareholders’equity (%) 24%

December 06, 2007
Ball Corp., Daiwa Can in bid for Kian Joo stake: report

KUALA LUMPUR (MarketWatch) -- Ball Corp. BLL +0.69% and Japan's Daiwa Can Co. have bid for more than a third of Kian Joo Can Factory Bhd. (3522.KU), the Business Times reported, citing sources close to the deal.

Both have bid the reserve price of MYR2.20 a share, the report said.

In June, Kian Joo Can Factory's liquidators put up 35%, or 153.87 million shares, of the company up for sale under a tender.

Ball Corp is North America's largest supplier of metal and plastic packaging to the food and beverage industry, and Daiwa Can is Japan's largest canmaker, the newspaper said.

Newspaper Web site: http://www.btimes.com.my
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