F&N

The proposed transaction is set to be completed in the third quarter of 2027.

F&N Malaysia unit to sell 50% stake in property development JV for about RM180 million

The sale of its interest in the joint venture with Frasers Property is expected to result in a one-off gain of about RM83.2 million

Outgoing chief executive officer Hui Choon Kit was appointed in February 2022.

Fraser and Neave appoints Rahul Colaco as chief executive officer

He takes over from Hui Choon Kit, who retires on Sep 30

In the F&B segment comprising beverages and dairies, the revenue for beverages grew 19 per cent from the same period last year.

F&N’s 9-month profit dips 3.9% to S$118.2 million, despite 10% revenue growth

The company’s top line rises to S$1.77 billion during the period

Charoen Sirivadhanabhakdi, 81, has a net worth of about US$11.6 billion, according to the Bloomberg Billionaires Index.

Thai billionaire hands stakes in major companies to his children

Charoen Sirivadhanabhakdi has been gradually pulling out of active leadership positions in his group companies

The F&B segment's sales have been boosted by strong Chinese New Year campaigns, new products and improved pricing.

F&N H1 net profit rises 0.3% to S$84.1 million as F&B sales grow

Revenue rises 13.2% to S$1.21 billion on improved beverages, dairy sales

F&N board chairman Charoen Sirivadhanabhakdi, seen here in 2012, will be appointed as chairman emeritus.

Thai billionaire Charoen to retire as F&N chairman in 2025; Koh Poh Tiong to step up

Fraser and Neave (F&N) announced on Tuesday (Dec 24) that its board chairman Charoen Sirivadhanabhakdi will retire from office on Jan 16, 2025, at the conclusion of its 126th Annual General Meeting.

Supply chain disruptions during the Covid-19 pandemic and uncertainties in the production of raw materials have led F&N CEO Hui Choon Kit to turn to local sourcing as a key risk management strategy.
TOPLINE

‘I never thought we would become farmers,’ says F&N CEO

The company is in the midst of developing its first large-scale dairy farm in Malaysia in its bid to go upstream

F&N's FY2024 revenue growth is largely driven by the strong performance of its F&B segment.

F&N FY2024 earnings rise 12.7% to S$150.2 million on higher revenue

Revenue increases 3% year on year to S$2.2b, from S$2.1b previously, driven by strong performance of F&B segment