Apr 2, 2013

Singapore - F&N receives notice to "make clear" intention on listing status

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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. 

- CNA/xq

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