Fraser and Neave : Completion of Acquisition of Sri Nona Companies
January 18, 2021 at 06:13 pm IST
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1/18/2021Bursa LINK
General Announcement for PLC (v13)
RELEASED
Reference No. GA1-18012021-00043
Created by FRASER & NEAVE HOLDINGS BHD on 18 Jan 2021 at 12:50:39 PM
Submitted by FRASER & NEAVE HOLDINGS BHD on 18 Jan 2021 at 12:52:10 PM
COMPANY INFORMATION SECTION
Announcement Type
New Announcement
Amended
Announcement
Company Name
FRASER & NEAVE HOLDINGS BHD
Stock Name
F&N
Stock Code
3689
Board
Main Market
CONTACT DETAIL
Contact Person
Designation
Contact No
Email Address
FRASER & NEAVE HOLDINGS BHD
012-2337664
timothy.ooi@fn.com.my
MAIN
Type
Announcement
Subject
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
SHARE SALE AGREEMENT RELATING TO THE ACQUISITION OF THE ENTIRE EQUITY INTEREST IN EACH OF THE 3 COMPANIES
MENTIONED BELOW, WHOSE PRINCIPAL ACTIVITIES ARE THE MANUFACTURE, DISTRIBUTION AND SALE OF, AMONG OTHERS, RICE
CAKES AND CONDIMENTS FOR A CASH CONSIDERATION OF RM60,000,000 (THE "PROPOSED ACQUISITION")
Shareholder Approval
No
Announcement Details/Table Section
The Board of Directors of F&NHB refers to the announcement dated 15 December 2020 relating to the Proposed Acquisition by the Company's direct wholly-owned subsidiary, Awana Citra Sdn Bhd, of the entire equity interest in each of the following companies:
Sri Nona Food Industries Sdn Bhd;
Sri Nona Industries Sdn Bhd; and
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1/18/2021
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(iii) Lee Shun Hing Sauce Industries Sdn Bhd,
for an aggregate purchase consideration of up to RM60,000,000.00.
The Share Sale Agreement relating to the Proposed Acquisition was completed on 15 January 2021 in accordance with the terms of the Share Sale Agreement.
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Fraser and Neave Limited published this content on 18 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 January 2021 12:43:00 UTC
Fraser and Neave, Limited is a Singapore-based company that is engaged in the production and sale of beverages and dairy products, and printing and publishing. The Companyâs geographical segments include Singapore, Malaysia, Thailand and Vietnam. Its Food and Beverage (F&B) division produces, markets and sells soft drinks, beer, dairies, juices and ice cream. Its F&B brands include 100PLUS, F&N and F&N NUTRISOY for Soft Drinks, CHANG for Beer, F&N MAGNOLIA for Dairies, and F&N MAGNOLIA and F&N KING'S for Ice Cream. Its printing and publishing brands include Marshall Cavendish, Times Printers, Print Lab, Office & Schools Solutions, Times Distribution, Pansing, Times bookstores, Kaboom and GoGuru. The Companyâs subsidiaries include Emerald Brewery Myanmar Limited, F&N Foods Pte Ltd, F&N Creameries Group, Fraser & Neave Holdings Bhd Group, Warburg Group and Yoke Food Industries Group.
FRASER AND NEAVE, LIMITED 
