Asset Acquisitions and Disposals::Notice of Transaction in Shares of Vietnam Dairy Products Joint Stock Company
Issuer & Securities
FRASER AND NEAVE LIMITED.
FRASER AND NEAVE, LIMITED - SG1T58930911 - F99
Asset Acquisitions and Disposals
Date &Time of Broadcast
Announcement Sub Title
Notice of Transaction in Shares of Vietnam Dairy Products Joint Stock Company
Submitted By (Co./ Ind. Name)
Hui Choon Kit
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 19 November 2019 and issued by F&N Dairy Investments Pte Ltd ("F&NDI" ) to the Ho Chi Minh Stock Exchange ("HOSE") in connection with the possible acquisition by F&NDI of up to an additional 17,413,777 Vinamilk shares, representing approximately 1% of the issued share capital of Vinamilk (the "Additional Vinamilk Shares" and the possible acquisition of the Additional Vinamilk Shares, the "Transaction") which was announced by the HOSE today.
As at the date of the Notice of Transaction, F&NDI and F&NBev Manufacturing Pte. Ltd., both wholly-owned subsidiaries of the Company, hold approximately 17.31% and 2.7% in the issued share capital of Vinamilk respectively.
The Company wishes to emphasise 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
Hui Choon Kit
19 November 2019
Total size =193K