Asset Acquisitions and Disposals::Notice of Transaction in Shares of Vietnam Dairy Products Joint Stock Company

Issuer & Securities

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

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
28-Dec-2016 18:35:51
Status
New
Announcement Sub Title
Notice of Transaction in Shares of Vietnam Dairy Products Joint Stock Company
Announcement Reference
SG161228OTHRAEVQ
Submitted By (Co./ Ind. Name)
Anthony Cheong Fook Seng
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)

Fraser and Neave, Limited (the "Company") attaches for information, the Notice of Transaction in shares of Vietnam Dairy Products Joint Stock Company ("Vinamilk") dated 27 December 2016 issued by F&N Dairy Investments Pte Ltd ("F&NDI") to the Ho Chi Minh Stock Exchange ("HOSE") in connection with the proposed acquisition by F&NDI of a further 21,771,420 Vinamilk shares (approximately 1.5% in the issued share capital of Vinamilk).

F&NDI and F&NBev Manufacturing Pte Ltd, both wholly-owned subsidiaries of the Company, have an existing interest of approximately 13.65% and 2.7% respectively in Vietnam-incorporated and HOSE-listed Vinamilk.


The Company wishes to emphasize that the Notice of Transaction relates only to F&NDI's proposed acquisition of a further 21,772,420 Vinamilk shares and there is no certainty or assurance that the acquisition will materialise.


The Company will make further announcement to update shareholders on any material developments as necessary.


BY ORDER OF THE BOARD

Anthony Cheong Fook Seng
Company Secretary

28 December 2016

Attachments