F&N acquires Sri Nona companies for RM60mil cash

KUALA LUMPUR: Fraser & Neave Holdings Bhd’s (F&N) wholly-owned subsidiary Awana Citra Sdn Bhd has proposed to acquire the entire equity interest in three companies under the Sri Nona group for RM60mil cash.

In a filing with Bursa Malaysia Tuesday, F&N said Awana Citra had on Dec 13 entered into a conditional share sale agreement with Siew Yun Sing and Tong Saw Man (vendors), in relation to the proposed acquisition.