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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

F&N , Awana Citra , Sri Nona Food , Lee Shun Hing

   

Next In Business News

FBM KLCI extends rebound
Sow seeds of resilience
Parched of solutions
Shore up water security
Ringgit opens slightly easier against US$ ahead of macro data
Topmix jumps 32% on ACE Market debut
Ancom Logistics to acquire environment solutions firm in RM120mil deal
Oil rises in early Asian trading, Middle East tensions remain in focus
FBM KLCI seen rebounding for a fifth consecutive day
Trading ideas: Nestle, Axis REIT, ITMAX, Kelington, Sapura Energy, AirAsia, Unitrade, Avaland, Powerwell, Iris, Paragon Globe

Others Also Read