Stocks to watch: Fraser & Neave
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Michelle Zhu
DeeperDive is a beta AI feature. Refer to full articles for the facts.
THE following companies saw new developments that may affect trading of their securities on Monday (Jun 6):
Fraser and Neave (F&N): The Malaysian subsidiary of F&N on Friday announced plans to acquire the entire equity interest of Cocoaland which it does not already hold for RM488 million (S$153 million), or RM1.50 a share. The proposed privatisation is to take place via members’ scheme of arrangement, and Cocoaland is to respond to the proposal no later than 5 pm on Jun 16. F&N shares closed 0.7 per cent or S$0.01 higher at S$1.37 on the Singapore Exchange, before the announcement.
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