F&N to reformulate 70% of its products impacted by sugar tax

F&N CEO Lim Yew Hoe speaking at the group's first half FY19 financial highlights briefing.

PETALING JAYA: In a move to mitigate and minimise the impact of the impending sugar tax on July 1, Fraser & Neave Holdings Bhd (F&N) will be reformulating 70% of its products that will be impacted by the excise duty.

According to F&N CEO Lim Yew Hoe, almost 90% of the group’s products are taxable under the sugar tax.