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F99 — Fraser and Neave News Story

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Brief: Fraser And Neave Proposes Investment Of Up To 19.99% Stake In Comvita

April 15 (Reuters) - Fraser and Neave Ltd FRNM.SI:

FRASER AND NEAVE LTD -  PROPOSED INVESTMENT OF UP TO 19.99% STAKE IN COMVITA

TO SUBSCRIBE FOR ALL NEW SHARES OFFERED BY COMVITA IN ENTITLEMENT OFFER THAT ARE NOT SUBSCRIBED  BY EXISTING SHAREHOLDERS

AGGREGATE PRICE PAYABLE UNDER TRANSACTION ESTIMATED UP TO NZ$20.10 MILLION

SUBSCRIPTION AT ISSUE PRICE OF NZ$0.65 PER SHARE

Further company coverage: FRNM.SI

 ((Reuters.Briefs@thomsonreuters.com;))

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