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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