General Announcement::Completion of Acquisition of Entire Equity Interest in Cocoaland

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
04-Nov-2022 18:19:45
Status
New
Announcement Sub Title
Completion of Acquisition of Entire Equity Interest in Cocoaland
Announcement Reference
SG221104OTHRMNNV
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" and together with its subsidiaries, the "F&N Group") refers to its announcement dated 2 June 2022 on the request for trading halt by F&NHB, and its announcement on 3 June 2022 on the submission by F&NHB of a formal proposal to the board of directors of CCHB in respect of the Proposed Acquisition (collectively, the "Previous Announcements"). Capitalised terms used in this announcement shall, unless otherwise defined herein, have the same meaning ascribed to them in the Previous Announcements.

Further to the Previous Announcements, the Company attaches, for information, an announcement released on Bursa Malaysia on 16 June 2022 by F&NHB on the receipt of a letter from CCHB on the decision of the board of directors of CCHB to present F&NHB's proposal in respect of the Proposed Acquisition to Scheme Shareholders for consideration at a Court Convened Meeting. The Company also attaches, for information, an announcement released on Bursa Malaysia today by F&NHB on, inter alia, the completion of the Proposed Acquisition (the "Completion"). Following Completion, CCHB is an indirect subsidiary of the Company.

The Completion is not expected to have a material effect on the net tangible assets or earnings per share of the F&N Group for the current financial year.

None of the Directors or controlling shareholders of the Company has any interest, direct or indirect, in the Completion other than through their shareholdings in the Company.

Attachments