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F&N Malaysia to milk upstream dairy activity from RM156m land purchase

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Janice Heng

Janice Heng

Published Sun, Oct 13, 2019 · 09:50 PM

Singapore

MAINBOARD-LISTED beverage company Fraser & Neave's subsidiary Fraser & Neave Bhd (F&NHB) is acquiring land in Malaysia for integrated dairy farming and milk production.

F&NHB unit F&N AgriValley Sdn Bhd has entered into a conditional sale and purchase agreement to buy about 4,454 hectares of leasehold land in Mukim Chuping in Perlis for RM156 million (S$51.1 million), Bursa Malaysia-listed F&NHB said on Oct 8.

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