General Announcement::PROPOSED ACQUISITION BY F&N AGRIVALLEY SDN BHD OF AGRICULTURAL LAND IN PERLIS

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 08-Oct-2019 18:13:22
Status: New
Announcement Sub Title: PROPOSED ACQUISITION BY F&N AGRIVALLEY SDN BHD OF AGRICULTURAL LAND IN PERLIS
Announcement Reference: SG191008OTHRZ4S6
Submitted By (Co./ Ind. Name): Hui Choon Kit
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, an announcement released on Bursa Malaysia this evening by Fraser & Neave Holdings Bhd ("F&NHB"), on the entry by its subsidiary, F&N AgriValley Sdn Bhd into a conditional sale and purchase agreement to acquire approximately 4,453.92 hectares of agricultural land in the state of Perlis, Malaysia for a consideration of RM156 million. The Company holds a stake of approximately 55.5% in F&NHB, which is listed on Bursa Malaysia.

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