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F&N exercises option to buy remaining 30% stake in Yoke Food Industries

Gwyneth Yeo Published on Wed, Nov 23, 2016 / 7:20 PM GMT+8

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SINGAPORE (Nov 23): Fraser & Neave’s wholly owned subsidiary MDSB has exercised a call option to acquire the remaining 30% of the issued share capital of Yoke Food Industries for RM23.4 million ($7.5 million).

If the transaction is successfully completed, MDSB’s stake in Yoke Food will increase from 70% to 100%.

Incorporated in Malaysia, Yoke Food is in the business of manufacturing, marketing, distributing and exporting beverages, which is complementary to the group’s business.

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