Southern Capital Group offered to buy Can-One's creamer business for $200m.

Private equity group Southern Capital Group offered to buy Can-One's creamer business for approximately $200m. Can-One Berhad, an investment holding company, manufactures, packages, and distributes dairy and non-dairy products in Asia and internationally. According to the latest stock filing, Can-One said its board has deliberated on the offer and has decided to accept it on the terms, and subject to conditions set out in the term sheet, which is appended to the offer letter. The offer will be subject to a definitive agreement and other ancillary agreements being entered into between Can-One and ADCSB within 30 days from the date of acceptance of the offer, with an automatic extension for a further period of 30 days, or such further extension of time as the parties may mutually agree.