SINGAPORE: Fraser and Neave (F&N) is required to announce its intention with respect to its listing status by 18 April.
In a filing with the Singapore Exchange (SGX), the property and soft drinks conglomerate said it has received a letter from the SGX to "make clear" its intention on whether to maintain its listing status, or risk having its trading halt converted into a trading suspension with effect from April 19.
The company said it is considering its options with respect to its listing status and will make an appropriate announcement in due course.
The trading halt came soon after TCC Assets, which is controlled by Thai billionaire Charoen Sirivadhanabhakdi, took control of F&N in February.
Mr Charoen, who also controls Singapore-listed Thai Beverage, has yet to share his intentions on his plans for F&N.
Business & Investment Opportunities
Saigon Business Corporation Pte Ltd (SBC) is incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Strategy, Investment and Management, focusing Health care and Life Science with expertise in ASEAN 's area. We are currently changing the platform of www.yourvietnamexpert.com, if any request, please, contact directly Dr Christian SIODMAK, business strategist, owner and CEO of SBC at firstname.lastname@example.org. Many thanks.