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
07-Dec-2016 18:31:40
Status
New
Announcement Sub Title
NOTICE OF TRANSACTION IN SHARES OF VIETNAM DAIRY PRODUCTS JOINT STOCK COMPANY
Announcement Reference
SG161207OTHRQ71F
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 7 December 2016 issued by each of F&N Dairy Investments Pte Ltd ("F&NDI") and F&NBev Manufacturing Pte. Ltd. ("F&NBev") to the Ho Chi Minh Stock Exchange ("HOSE") in connection with the proposed participation by each of F&NDI and F&NBev in the competitive bid process to each acquire 39,189,150 Vinamilk shares (approximately 2.7% in the issued share capital of Vinamilk) from the State Capital Investment Corporation of Vietnam.
F&NDI and F&NBev are both wholly-owned subsidiaries of the Company. F&NDI has an existing interest of approximately 10.95% in Vietnam-incorporated and HOSE-listed Vinamilk.
The Company wishes to emphasize that the Notice of Transaction relates only to F&NDI and F&NBev's proposed participation in the bid process and there is no certainty or assurance that their proposed bid will be accepted and/or that the acquisition will materialise.
The Company will make further announcements to update shareholders on any material developments as necessary.
Attachments
20161207_20161207_-_VNM_-_TB_GDCP_TCLQ _ FNBev.pdf
20161207_20161207_-_VNM_-_TB_GDCP_TCLQ _FNDI.pdf
Total size =326K
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