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
02-Feb-2017 19:21:40
Status
New
Announcement Sub Title
Notice of Transaction in Shares of Vietnam Dairy Products Joint Stock Company
Announcement Reference
SG170202OTHRGI3Y
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 25 January 2017 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 up to an additional 21,771,420 Vinamilk shares, representing approximately 1.5% of the issued share capital of Vinamilk (the "Additional Vinamilk Shares" and the proposed acquisition of the Additional Vinamilk Shares, the "Transaction") which was announced by the HOSE today.

F&NDI and F&NBev Manufacturing Pte. Ltd., both wholly-owned subsidiaries of the Company, currently hold approximately 14.79% and 2.7% in the issued share capital of Vinamilk respectively.

The Company wishes to emphasize that the Notice of Transaction relates only to F&NDI's intention to acquire the Additional Vinamilk Shares and there is no certainty or assurance that the Transaction will materialise.

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


BY ORDER OF THE BOARD

Anthony Cheong Fook Seng
Company Secretary

2 February 2017

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03/02/2017 20:47:37