General Announcement::Proposed Disposal of Entire Equity Interest in Vacaron Company Sdn Bhd

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
26-Sep-2025 08:21:31
Status
New
Announcement Sub Title
Proposed Disposal of Entire Equity Interest in Vacaron Company Sdn Bhd
Announcement Reference
SG250926OTHR1P5M
Submitted By (Co./ Ind. Name)
Jennifer Yu
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Issuer (together with its subsidiaries, the "F&N Group") attaches for information, an announcement released on Bursa Malaysia on 25 September 2025 by Fraser & Neave Holdings Bhd ("F&NHB") on its entry into a conditional Heads of Agreement to dispose its entire 50% equity interest in Vacaron Company Sdn Bhd ("Vacaron", and the disposal, the "Proposed Transaction"). Vacaron is a joint venture between Fraser Property Holdings (Malaysia) Pte Ltd and F&NHB. The Issuer holds a stake of approximately 55.5% and 27.7% in F&NHB and Vacaron respectively.

Completion of the Proposed Transaction is subject to the fulfillment of Conditions Precedent (as defined under the Heads of Agreement), whereupon Vacaron will cease to be an associated company of the Issuer.

The Proposed Transaction is not expected to have a material effect on the net tangible assets or earnings per share of the F&N Group for the financial year ending 30 September 2025.

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

Attachments

Bursa Announcement - FNHB Disposal of Eqty Int in Vacaron 25Sep25.pdf
Total size =574K