General Announcement::LEASE OF LAND TO F&N FOODS (CAMBODIA) CO., LTD. FOR DAIRY MANUFACTURING FACILITY IN CAMBODIA

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
15-Feb-2024 21:30:59
Status
New
Announcement Sub Title
LEASE OF LAND TO F&N FOODS (CAMBODIA) CO., LTD. FOR DAIRY MANUFACTURING FACILITY IN CAMBODIA
Announcement Reference
SG240215OTHR6W86
Submitted By (Co./ Ind. Name)
Samuel Lee
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Issuer attaches, for information, an announcement released on Bursa Malaysia Securities Berhad ("Bursa Securities") today by Fraser & Neave Holdings Bhd ("F&NHB") on the entry by F&N Foods (Cambodia) Co., Ltd. ("F&NFC") into a land lease agreement ("Land Lease") with Suvannaphum Investment Co., Ltd. ("SICL").

A wholly-owned subsidiary of F&NHB, F&NFC was incorporated in Cambodia yesterday with registered share capital of US$5.5 million (approx. $7.42 million) comprising 5.5 million shares, and will be principally engaged in manufacturing, sale, marketing, distribution, import and export of dairy products, beverages, confectionery and food products. The Issuer holds a 55.5% stake in F&NHB, which is listed on the Main Market of Bursa Securities. Pursuant to the Listing Requirements of Bursa Securities, SICL is a related party to F&NHB and F&NFC, and the Land Lease is a related party transaction, details of which are set out in the attached announcement.

Attachments

Announcement - Lease of Land.pdf
Total size =177K