General Announcement::Proposal To Acquire Entire Equity Interest in Cocoaland by Mbrs' Scheme of Arrangement

Issuer & Securities

Issuer/ Manager
FRASER AND NEAVE LIMITED.
Securities
FRASER AND NEAVE, LIMITED - SG1T58930911 - F99
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
03-Jun-2022 17:22:49
Status
New
Announcement Sub Title
Proposal To Acquire Entire Equity Interest in Cocoaland by Mbrs' Scheme of Arrangement
Announcement Reference
SG220603OTHRN72F
Submitted By (Co./ Ind. Name)
Samuel Lee
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Fraser and Neave, Limited (the "Company") refers to its announcement yesterday on the request for trading halt by F&NHB (the "Previous Announcement"). Capitalised terms used in this announcement shall, unless otherwise defined herein, have the same meaning ascribed to them in the Previous Announcement.

Further to the Previous Announcement, the Company attaches, for information, an announcement released on Bursa Malaysia today by F&NHB on its submission of a formal proposal to the board of directors of Cocoaland Holdings Berhad ("Cocoaland") for the acquisition by F&NHB and/or its nominee(s) of the entire equity interest in Cocoaland not already owned by F&NHB (the "Proposed Acquisition"). Cocoaland is listed on Bursa Malaysia, and F&NHB holds a stake of approximately 27.66% in Cocoaland. The Proposed Acquisition is to be undertaken by Cocoaland by way of members' scheme of arrangement pursuant to section 366 of the Malaysia Companies Act, 2016.

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