We are moving towards greater progress and growth to fulfill our long term quest to be the best of the best in providing packaging solutions.
Kian Joo Can Factory Berhad is the biggest packaging company in the ASEAN region
Packaging is part and parcel of marketing a product. Well designed packaging enhanced the product’s marketability and strengthens a brand’s position in the market. Kian Joo Can Factory Berhad (“Kian Joo” or “the Company”) is one of the few companies in Malaysia which has the capabilities to implement packaging solutions that deliver freshness, convenience and security for the food and products.
Packaging giant Kian Joo’s success story began in 1956. Founded by the Mr See Boon Tay in 1956 with a few close friends, the Company was incorporated under the name of Kian Joo Can Factory, Limited on 18th March 1958 @ incorporated only RM 2.00. After a major restructuring exercise and takeover of several smaller can companies, the Company applied for listing on Kuala Lumpur Stock Exchange, now known as Bursa Malaysia Securities Berhad (“Bursa Securities”) and Stock Exchange of Singapore (“SES”). The Company later converted to a Public company on 10th September 1984 and was listed on Bursa Securities on 16th November 1984, and on SES the following year. However, Kian Joo was delisted from the SES on 31st December 1988 to comply with the requirement of the Malaysia Government policy. Read More
The Company achieved a new milestone when its Subsidiary, Box-Pak (Malaysia) Bhd (www.boxpak.com.my) was listed on the Main Market of Bursa Securities on 6 June 1996. Box-Pak (Malaysia) Bhd (“Box-Pak”) was incorporated on 28 December 1974 by See Teow Chuan, See Teow Guan and See Tian Yong as a private limited company. It operated from a rented factory in Kuala Lumpur with second-hand machines producing single walled carton until 1984 when it acquired its first factory and installed a high-speed corrugated machine with 15,000Mt annual capacity. As its business expended, the company moved into its current premise at Batu Caves in 1993 and invested RM25 million in new high speed Fully Automatic Computerised Corrugating Machines from Isowa, Japan and Marquip, USA, a combination that made the factory the most “modern carton plant” in the Asia-Pacific region then.
On 14 February 2019, Can-One International Sdn. Bhd. (“CISB”), through AmInvestment Bank Berhad, made a conditional mandatory take-over offer to acquire all the remaining ordinary shares in the Company at a cash consideration of RM 3.10 per ordinary share pursuant to Paragraph 9.10 (1) of the Rules and Take-overs, Mergers and Compulsory Acquisitions. On 18 March 2019, CISB became the immediate holding company of the Company. The entire issued share capital of the Company had been removed from the Official List of Bursa Securities on 16 May 2019 pursuant to Paragraph 16.07 (a) of the Listing Requirements. On 28 June 2019, CISB had completed the compulsory acquisition of the remaining offer shares held by the dissenting shareholders in accordance with Section 222 (1) of the Capital Markets and Services Act 2007. Consequence of the veto, the Company is an indirect wholly-owned Subsidiary of Can-One Berhad (www.canone.com.my), a Company listed on the main market of Bursa Securities.
Currently, Kian Joo’s main offerings consist of: General Cans, Aluminium Cans, Corrugated Cartons, Contract Packing Services (Beverage) and Others.
Kian Joo’s products have become an integral part of daily life. For more information on how to make the Company’s packaging solutions part of your product, contact us.