TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS FRASER & NEAVE HOLDINGS BHD ("F&NHB" OR "COMPANY") PROPOSED DISPOSAL OF 50% EQUITY INTEREST IN VACARON COMPANY SDN BHD ("VACARON"), A JOINT-VENTURE COMPANY WITH FRASERS PROPERTY HOLDINGS (MALAYSIA) PTE LTD ("FPH") TO TAN & TAN DEVELOPMENTS BERHAD ("TTDB") REFERRED TO AS THE "PROPOSED TRANSACTION"
| FRASER & NEAVE HOLDINGS BHD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | FRASER & NEAVE HOLDINGS BHD ("F&NHB" OR "COMPANY")
PROPOSED DISPOSAL OF 50% EQUITY INTEREST IN VACARON COMPANY SDN BHD ("VACARON"), A JOINT-VENTURE COMPANY WITH FRASERS PROPERTY HOLDINGS (MALAYSIA) PTE LTD ("FPH") TO TAN & TAN DEVELOPMENTS BERHAD ("TTDB")
REFERRED TO AS THE "PROPOSED TRANSACTION" |
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To unlock the value of F&NHB’s non-core properties as property development no longer forms part of F&NHB Group’s core business, the Company has identified the parcel of leasehold land located at Section 13, Petaling Jaya, Selangor, which has been earmarked for a mixed-use development, for disposal. F&NHB Group intends to focus on its manufacturing, distribution, marketing and sale of its beverage, dairy and food products as well as the operations of its integrated agriculture and dairy farm operations in Gemas, Negeri Sembilan (the “Dairy Farm”). Proceeds from the proposed disposal of the Land (as defined in the following paragraph) will be used to finance its other businesses, including the Dairy Farm.
F&NHB intends to dispose its 50% equity interest in Vacaron, which owns this parcel of land held under Pajakan Negeri 108938, Lot 10148 Seksyen 13, Bandar Petaling Jaya, Dearah Petaling, Negeri Selangor measuring approximately 5.149 hectares in area (“Land”) at the consideration set out in paragraph 2.1.3 of the attached announcement.
Details of the Proposed Transaction are set out in the attached announcement. |
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Please refer attachment below.
Announcement Info
| Company Name | FRASER & NEAVE HOLDINGS BHD |
| Stock Name | F&N |
| Date Announced | 25 Sep 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-23092025-00040 |