Brief: Fraser And Neave unit to acquire remaining 30% of issued share capital of Yoke Food Industries

Fraser and Neave

23/11/2016 09:29

Nov 23 (Reuters) - Fraser And Neave Limited  FRNM.SI  
    * Unit exercised a call option to acquire remaining 30% of 
issued share capital of yoke food industries sdn bhd 
    * Acquisition is not expected to have a material effect on 
net tangible assets per share or earnings per share of company 
    * Consideration for acquisition is 23.4 million rgt 
    * If acquisition is completed successfully, mdsb's 
shareholding interest in yfi will increase from 70% to 100% 
    * If acquisition is completed successfully, mdsb's 
shareholding interest in yfi will increase from 70% to 100% 
    * Consideration is payable in cash and will be funded from 
internal sources 
 
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