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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