Equity Analysis /
Malaysia

MY : Fraser & Neave Holdings - Acquires Sri Nona companies for RM60m

    Walter Aw
    Walter Aw

    Research Analyst

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    CGS-CIMB
    20 January 2021
    Published byCGS-CIMB

    Fraser and Neave (FN) announced yesterday that it has completed the acquisition of Sri Nona companies (3 companies) for RM60m. With halal food as its new pillar of growth, the acquisitions will equip FN with established brands and ready platform to drive growth in this segment. FN expects financial contribution from this acquisition to be minimal in FY9/21.