【F & N F99 交流专区】星狮集团 FRASER AND NEAVE, LIMITED

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About Us
Fraser and Neave, Limited ("F&N" or the "Group") had its origins, more than a century ago, in the spirited decisions of two enterprising young men, John Fraser and David Neave, who diversified from their printing business to pioneer the aerated water business in Southeast Asia in 1883. From a soft drinks base, F&N ventured into the businesses of beer in 1931, dairies in 1959, property development and management in 1990 and publishing & printing in 2000.  In 2012, the Group divested a substantial part of its beer business.

Today, F&N is a leading Asia Pacific Consumer Group with expertise and prominent standing in the Food & Beverage, Property and Publishing & Printing industries. Leveraging its strengths in marketing and distribution, research and development, brands and financial management, as well as years of acquisition experience, the Group provides key resources and sets strategic directions for its subsidiary companies across all three industries.

Listed on the Singapore stock exchange, F&N ranks as one of the most established and successful companies in the region with an impressive array of renowned brands that enjoy strong market leadership. It has shareholders' funds and total assets employed of over S$13 billion and close to S$19 billion, respectively. F&N is present in over 20 countries spanning Asia Pacific, Europe and the USA, and employs over 10,000 people worldwide.

公司官网：http://www.fraserandneave.com/

Name of Announcer *	FRASER AND NEAVE, LIMITED
Company Registration No.	189800001R
Announcement submitted on behalf of	FRASER AND NEAVE, LIMITED
Announcement is submitted with respect to *	FRASER AND NEAVE, LIMITED
Announcement is submitted by *	Anthony Cheong Fook Seng
Designation *	Group Company Secretary
Date & Time of Broadcast	21-Aug-2013 23:10:23
Announcement No.	00144

>> ANNOUNCEMENT DETAILS

The details of the announcement start here ...

Announcement Title *

RESPONSE TO 17 AUGUST 2013 BUSINESS TIMES ARTICLE

Description

Fraser and Neave, Limited (the "Company") refers to the article in the Business Times on 17 August 2013 entitled F&N mulls over launching hospitality REIT and to other reports in the media relating to F&Ns plans in relation to a hospitality REIT. In line with its business strategy and objectives, the Company considers, from time to time, options and opportunities to unlock shareholder value. As part of its periodic review, the Company has received proposals from investment banks in relation to a hospitality REIT and the Company continues to evaluate the feasibility of undertaking such a REIT. The Company wishes to clarify that its considerations are at a preliminary stage and no decision has been made as to whether such a transaction will proceed or on the assets to be included. Accordingly, there is no certainty that any transaction will materialize. The Company will update shareholders of any material developments in due course. In the meantime, shareholders are advised to refrain from taking any action in respect of their shares in the Company which may be prejudicial to their interests, and to exercise caution when dealing in the shares of the Company. Anthony Cheong Fook Seng Group Company Secretary 21 August 2013

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Charoen's F&N to spin off property unit in Singapore listing
http://www.theedgesingapore.com/the-daily-edge/business/45243-charoens-fan-to-spin-off-property-unit-in-singapore-listing-update.html

Publish date: Tue, 27 Aug 19:05
Fraser & Neave, controlled by Thailand’s richest man, said it plans to spin off its property business from operations including beverages and publishing through a Singapore listing at the end of the year.

The 130-year-old conglomerate will offer to its shareholders two shares of the property company Frasers Centrepoint for every F&N stock held, according to a company statement handed out at a Singapore briefing today.

F&N is spinning off a division with $9 billion of assets as of June, allowing both companies to focus on their separate expansion strategies. The move follows the $13.8 billion takeover by Thai billionaire Charoen Sirivadhanabhakdi, whose company will vote in favor of the transaction, according to the statement.

“It’s a good move because historically, there has been a holding company discount on the group because of the combined businesses of property and non-property,” Goh Han Peng, an analyst at DMG & Partners Securities Pte in Singapore, said. “By separating them, the individual businesses can be valued separately and the food and beverage can obtain the full valuation that they deserve.”

F&N shares have fallen 43 % this year after a one- time distribution to shareholders following the sale of its brewery stake. It last traded at $5.49 before the trading halt for the announcement.

INDEPENDENT STRATEGIES
The listing of the property arm is expected in November or December, according to the statement, and the two companies will be traded separately on the Singapore exchange.

“The listing will enhance Frasers Centrepoint’s profile and enable us to pursue our growth strategies independently,” Lim Ee Seng, chief executive officer of Frasers Centrepoint, said in the statement. He said at a press briefing today he expects to work in partnerships with Charoen’s TCC group and is in talks with them and looking at some of their hotels outside of Thailand.

The proposal also allows F&N to focus on its food and beverage business, while enhancing the public image of Frasers Centrepoint, F&N Chief Financial Officer Hui Choon Kit said at a press conference today. He said it’s an appropriate time for the property unit to be separated because of its size.

HOSPITALITY TRUST
F&N will be on the look out for acquisitions for food and beverage companies, Hui said.

The property company is also considering plans for a hospitality trust, according to the statement. F&N said earlier this month it’s considering setting up a real estate investment trust made up of its hospitality assets. It has received proposals from investment banks in relation to the IPO, though considerations are at a preliminary stage, F&N said.

Frasers Centrepoint has a $2.4 billion pipeline of commercial and retail properties as well as $1.65 billion worth of hospitality assets that could be injected into its property trusts, Lim said, adding that Charoen is keen to build scalable businesses for the group.

Charoen, who acquired F&N through his company Thai Beverage Pcl, has a net worth of US$7.2 billion ($9.2 billion), according to the Bloomberg Billionaires Index.

DBS Group Holdings, United Overseas Bank and Morgan Stanley are financial advisers for the transaction.


星狮拟分拆地产业务上市

财经 天下  2013-08-29 12:33
（新加坡28日讯）星狮集团（F&N）计划将旗下的房地产业务子公司星狮地产（Frasers Centrepoint Limited）分拆上市。

集团的股东将通过“以股代息”的形式，获派发星狮地产的股票，每持1股星狮集团股票，可获派发2股星狮地产股票。

换句话说，在分拆上市后，星狮集团股东将直接在星狮地产持股，而星狮集团不会筹集任何资金。

星狮集团财务总监许遵杰在记者会上指出，将食品及饮料业务和房地产业务分开，有助集团专注于发展食品及饮料业务，发掘更高的股东价值。投资者也将有更大的灵活度配置他们在这两个不同业务的持股。

料年底挂牌
星狮地产集团总裁林怡胜则表示，星狮地产上市后，将拥有自主权去推动自己的发展计划。

星狮集团将在10月底或11月初召开特别股东大会，寻求股东表决通过星狮地产分拆上市的计划。持有集团61.7%股权的TCC资产已表明将支持该计划。

一旦表决通过，星狮地产预计可在11月底或12月初正式在新加坡交易所挂牌上市。[南洋网财经]

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Fraser & Neave says in beer spat with Myanmar partner
http://www.theedgesingapore.com/the-daily-edge/business/45276-fraser-a-neave-says-in-beer-spat-with-myanmar-partner.html

Publish date: Fri, 30 Aug 00:10
Singapore property and drinks conglomerate Fraser and Neave said on Thursday its joint venture partner, which is run by the Myanmar military, plans to start arbitration proceedings over the company's stake in Myanmar Brewery.

The brewery represents only a small part of F&N's business but losing its stake would mean being shut out of one of Asia's fastest-growing beer markets. In a May earnings briefing, F&N said its Myanmar beer business had recorded double-digit growth from a year ealier.

F&N, which is controlled by Thai billionaire Charoen Sirivadhanabhakdi, currently holds 55% of Myanmar Brewery while Myanmar Economic Holdings Ltd (MEHL) holds the remaining 45%.

In a statement, F&N said the Mynamar company was trying to obtain its share in the brewery by citing a joint venture agreement. MEHL officials could not be reached for comment.

"The company maintains that there is no basis for MEHL to give that notice. The company has engaged lawyers and intends to vigorously resist the claim," the F&N statement said.

Myanmar Brewery, which manufactures beer brands such as Myanmar Beer, Myanmar Double Strong and Andaman Gold, is estimated to have an 83 percent share of Myanmar's growing beer market by volume, F&N said in a recent presentation.

"Myanmar Brewery is important to F&N because of the emerging market exposure, the growth story for Myanmar is pretty strong and they are the dominant brewer," said Jit Soon Lim, head of Southeast Asia equity research at Nomura.

F&N said on Tuesday it would list shares in its property arm, Frasers Centrepoint Ltd, on the Singapore Exchange this year. F&N will keep the food and beverage as well as the publishing and printing businesses.

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Fraser & Neave receives arbitration claim from Myanmar partner
http://www.theedgesingapore.com/the-daily-edge/business/45398-fraser-a-neave-receives-arbitration-claim-from-myanmar-partner.html

Publish date: Tue, 10 Sep 10:52  
Fraser & Neave, controlled by Thai billionaire Charoen Sirivadhanabhakdi, said it received an arbitration notice from the lawyers of its partner in Myanmar Brewery.

The notice relates to an earlier claim by Myanmar Economic Holdings, the other stakeholder in the 18-year-old joint venture, that F&N has to sell its 55% stake in Myanmar Brewery to the partner.

F&N said in an Aug. 29 statement there is no basis to the claim. The maker of Myanmar Double Strong and Andaman Gold beer is F&N’s remaining brewery after it sold Asia Pacific Breweries, the maker of Tiger beer, to partner Heineken NV.

“The matter is in the hands of the company’s lawyers,” F&N said in the statement to the Singapore exchange today. It earlier said it would “vigorously resist” the claim.

F&N said last month it plans to spin off its property business from operations including beverages and publishing through a Singapore listing by the end of this year.

F&N shares fell 0.2 percent to $5.54 as of 9:59 a.m. in Singapore trading.


星狮集团接缅仲裁通知

财经 天下  2013-09-12 12:38
（新加坡11日讯）星狮集团（Fraser and Neave）向新加坡交易所披露，前日接获缅甸经济控股（Myanmar Economic Holdings）发出的仲裁通知。

星狮表示，双方有关缅甸啤酒（Myanmar Brewery）股权纠纷事宜已经交由公司律师处理；星狮目前持有缅甸啤酒的55%股权，由其余股权为缅甸军人经营的缅甸经济控股所属。

据星狮上个月发表的文告，缅甸经济控股尝试以双方的合资协定，要星狮出售持有的缅甸啤酒股权给它。

虽然缅甸啤酒只占星狮总体业务的小部分，但若失去此股权，意味着它将失去当地正在迅速增长的啤酒市场；在缅甸，缅甸啤酒的市占率估计达83%。[南洋网财经]

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星狮集团获准让星狮地产上市
2013年10月28日
http://www.sharesinv.com/zh/articles/42339/

星狮集团(Fraser & Neave)获得新加坡交易所的批准，让星狮地产(Frasers Centrepoint)通过介绍形式在新交所主板挂牌上市。公司是在今年8月27日宣布这项建议，若得以落实，其产业业务将分拆上市，而公司本身将继续保持上市身份，但不会再持有星狮地产的任何股权。公司将继续专注于其饮食业务，并加强其在东南亚消费市场的领先地位及扩大版图。拥有多元产业组合的星狮地产将成为国际房地产公司，它也将是新加坡最大的上市地产公司之一。星狮地产也将藉此提高市场对它的认识，同时能直接接触到资金来源，以实行其增长策略。持有星狮集团61.67%股权的泰国TCC Assets将对以股代息建议投支持票。

启示：星狮集团分拆地产业务上市将让双方能专注于各自的业务发展。值得留意的是，星狮集团正对东南亚的增长潜力虎视眈眈，并将继续提升其产品开发能力，以进一步渗入这个市场，同时借助与大型国际品牌的策略联盟来提高自身的表现。

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F&N to allow Heineken to enter local soft drinks market
Source: The Edge   |   Publish date: Mon, 4 Nov 13:28
http://www.theedgesingapore.com/the-daily-edge/business/46121-fan-to-allow-heineken-to-enter-local-soft-drinks-market.html

Fraser and Neave said it has agreed not to enforce the Soft Drinks Non-Compete Clause with Heineken International B.V.

The clause came into effect as part of acquisition deal signed last year when Heineken bought over F&N’s stake in Asia Pacific Breweries and other assets in Asia Pacific Investment.

The undertaking given by Heineken was that the group would not carry out any manufacture, distribution and sales of soft drinks for a period of two years. The clause will cease to have effect after Nov 14 2014.

F&N says it decided not to enforce the non-compete agreement as it is so far not aware of any plans by Heineken to enter the soft drinks business in Singapore. In addition, F&N has also been holding talkes with the Competition Commission of Singapore (CCS) on the matter.


星狮放弃执行无竞争条款 喜力可进军狮城汽水市场

财经 天下  2013-11-06 12:04
（新加坡5日讯）星狮集团（F&N）宣布放弃执行和喜力啤酒国际（Heineken International）之间的汽水业务无竞争条款，意味着后者将不再受条款所限，可自由进军新加坡的汽水市场。

这项无竞争条款是喜力在去年8月协议收购星狮在亚太投资公司的50%股权时，附带于双方的买卖协议之中。

喜力向星狮承诺，不会在新加坡制造、批发和分销任何汽水产品，为期两年。

亚太投资公司原为喜力与星狮各持一半股权的合资公司，在喜力全面收购亚太酿酒厂前，持有亚太酿酒厂64.8%的股权。[南洋网财经]

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F&N bondholders potential barrier to property unit spin off
Source: Bloomberg   |   Publish date: Thu, 7 Nov 12:19   
http://www.theedgesingapore.com/the-daily-edge/business/46192-fan-bondholders-potential-barrier-to-property-unit-spin-off.html

Fraser & Neave may learn as soon as today whether bondholders will allow the company to amend the terms on $808.25 million of debt so it can spin off its property unit without triggering a default.

The beverages and property conglomerate, controlled by Thai billionaire Charoen Sirivadhanabhakdi, asked debt holders to waive certain default clauses and allow the company to buy back the securities on or before June 30, 2014 for a fee, according to Oct. 28 announcements to the Singapore stock exchange. The company offered to pay 100 cents on the dollar and a fee worth half of the note’s coupon and the accrued interest on the date that Fraser & Neave can call the securities, the documents show.

Failure to secure a positive vote may upset F&N’s plans to carve off its real estate division via a Singapore listing later this year. The 130 year-old conglomerate is seeking to separate that division from its other operations including its beverages and publishing units to focus on each units’ individual expansion strategies after the $13.8 billion takeover by Thailand’s richest man.

“We have considered all options, and decided that this would be the most consistent and fair approach for us to adopt,” said Jennifer Yu, a Singapore-based investor relations manager at F&N. “We are grateful for and appreciate the support of our lenders.”

BOND YIELDS
The terms are below market levels for F&N’s higher coupon bonds, according to three investors in the $108 million 5.5% notes due 2016, who all intend to vote against the proposal.

Another investor said F&N’s $200 million of 6% notes due 2019 were being offered for sale at about 109.378 cents on the dollar prior to the announcement, while the company is offering 103.25 cents for the notes, including the early acceptance fee.

The $108 million debentures were yielding 2.7% on Nov. 5 compared with 2.43% at the start of the quarter, Bloomberg-compiled pricing show. Average corporate bond yields in Singapore fell to 3.087% on Oct. 30, the least since June 24, HSBC Holdings Plc indexes show.

EARLY-BIRD BONUS
Bondholders accepting today will receive an early-bird bonus of $625 per $250,000 of notes, while those investors who say yes by Nov. 12 will receive $375 for every $250,000 of securities, the documents show.

F&N will hold a shareholders meeting on Nov. 13 about the spin off of Frasers Centrepoint, which had $9 billion of assets as of June. Charoen’s company will vote in favor of the transaction, according to an Aug. 27 statement.

F&N’s shares have fallen 40% this year, and were trading down 0.3% at $5.88 as of 11:25 a.m. in Singapore. The company in July undertook a capital reduction exercise, returning some $4.7 billion to shareholders.

Bonds subject to the vote also include $150 million of 3.62% debt, $50 million of 2.45% securities due 2015, $220 million of 2.48% notes due 2016 and $80 million of 3.15% debentures due 2018, according to F&N’s Oct. 28 announcement.

Charoen, who acquired F&N via his companies including Thai Beverage Pcl earlier this year, had a net worth of $9.2 billion as of Nov. 5, according to the Bloomberg Billionaires Index.

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MAS casts eyes on F&N's spat with bondholders
Source: Reuters   |   Publish date: Mon, 11 Nov 20:59
http://www.theedgesingapore.com/the-daily-edge/business/46260-mas-casts-eyes-on-fans-spat-with-bondholders.html

A simmering battle between Singapore conglomerate Fraser & Neave and its bondholders related to the company's plans to spin off its property division has drawn the attention of the city state's central bank.

The Monetary Authority of Singapore has approached bankers and investors to gather information on a consent solicitation that F&N launched last week.

The discussions came after IFR reported that bondholders were unhappy with a consent solicitation process launched by F&N that will clear the way for the spin-off of Fraser Centrepoint, the group's core property asset, and the early repayment of around $808.25 million of outstanding Singapore dollar bonds.

F&N needs the approval from holders of six series of bonds as the spin-off will breach certain covenants of its debt. If bondholders fail to consent to the spin-off and the company proceeds with it, this would constitute an event of default and would allow creditors to demand immediate repayment of the bonds at par.

In addition, the company wants to include a call option by June 30 2014 in all the bond issues, indicating that it plans to redeem all the outstanding notes well ahead of maturity.

Investors are concerned that F&N will continue with the demerger, whether or not it gets all the votes, leading to a technical default. At least one investor has submitted a complaint to the MAS.

The spin-off plans follow the company's acquisition by Thailand tycoon Charoen Sirivadhanabhakdi in a US$11.2 billion ($14 billion) takeover earlier this year.

The central bank's interest underlines the significance of the case in Singapore, where events of default are extremely rare. Market participants fear that such an action from a blue-chip company with no cash-flow problems will have wider repercussions.

"If the MAS allows F&N to (get to an event of) default, despite its ability to pay up, then what will stop other issuers from adopting the same process?" said one investor. "That will undermine investor confidence."

The standoff prompted F&N to hold a meeting with investors early last week, while a group of bondholders and lawyers discussed their options at a private meeting on Wednesday.

"It is not a question of credit, really, it is a question of credibility, and in turn, Singapore's reputation and credibility," said one banker.

F&N believes the crux of the disagreement is over the price of the call, and not whether it will default, a company spokesman explained in an email.

The company spokesman said its proposal was fair and consistent, and adequately compensated bond investors, balancing the current market environment, future capital structure and interests of various stakeholders.

The company was "troubled that a group of sophisticated investors believe they can exert pressure on the MAS to intervene to fix prices between commercial parties...," the spokesman said.

The spokesman, however, did not rule out the possibility of allowing a technical default.

"If F&N does not obtain the requisite consents, it will consider its options and make an announcement at the appropriate time," he said.

The company clarified that the disagreement over the price of the call option is with only some noteholders.

Indeed, bondholders are expected to agree to F&N's terms on the lower-coupon bonds, as the investors will not lose money on them. Bankers said at least four of the six bond series are likely to clear the process as the call option appears to be at a level equal or better than the current mark-to-market prices.

However, some investors may withhold their consent on the higher coupon-bearing notes, where F&N's proposed compensation would spell a substantial mark-to-market loss.

The row will come to a head on Tuesday, when the final deadline for consent is due. A bondholder meeting that F&N arranged is scheduled for Thursday, while shareholders are due to vote on the demerger on Wednesday. The property assets account for over 60% of F&N's profits.


不同意修改合约条款 星狮债权人向金管局投诉

财经 天下  2013-11-13 12:17
（新加坡12日讯）星狮集团（F&N）与其债券持有人之间的纠纷，相信已经受到新加坡金融管理局的关注，至少有一名投资者已就此事向金管局投诉，希望金管局介入。

这起事件的起因是星狮要将旗下房地产子公司星狮地产（Frasers Centre point）分拆上市，但会因此违反其总值8亿825万元（约20亿7720万令吉）未到期债券的合约条款。

集团目前正在寻求债券持有人同意，修改和豁免合约的相关条款。

不过，一些债券持有人并不同意星狮要求的修改，特别是星狮要求加入的一项选择权。该选择权让星狮可以选择在明年6月30日或之前提前赎回未到期的债券，意味着星狮八成是不打算让债券到期。

投资者更担心的是，星狮就算无法获得所有债券持有人同意，也还是会坚持分拆星狮地产上市，这将造成“技术性违约”，星狮只需根据债券面值做出赔偿。

在新加坡，债券违约是非常罕见的，特别是一家根本没有财务问题的蓝筹企业居然会选择技术性违约。市场人士认为这如果确实发生，必然会引起剧烈市场震动。

一名投资者说：“如果金管局允许星狮在明明有财务能力的情况下违约，那么其他发行债券的企业又何尝不能也如此呢？这将显着侵蚀投资者信心。”[南洋网财经]

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F&N select bondholders say no as funds reject amendment deal
Source: Bloomberg   |   Publish date: Fri, 15 Nov 12:25  
http://www.theedgesingapore.com/the-daily-edge/business/46343-fan-select-bondholders-say-no-as-funds-reject-amendment-deal-update.html?start=1

Holders of Fraser & Neave Ltd.’s 5.5% 2016 and 6.0% 2019 notes voted against allowing the company to amend the terms of the debt, hindering plans to spin off a property unit without causing a default.

Investors in three other series of the beverage and property conglomerate’s debt supported the amendment plan, the company said in a statement late yesterday.

The company, controlled by Thai billionaire Charoen Sirivadhanabhakdi, had asked holders of $808.25 million  of debentures to waive certain default clauses and allow the company to buy back the securities on or before June 30, 2014 for a fee, according to Oct. 28 announcements.

F&N and its treasury “will consider their options in light of this result and will make an announcement at the appropriate time,” F&N said yesterday.

F&N plans to carve off its real estate division via a Singapore listing later this year. The 130 year-old group is seeking to separate that division from its other operations including its beverages and publishing units to focus on each units’ individual expansion strategies after the S$13.8 billion takeover by Thailand’s richest man.

Jennifer Yu, a Singapore-based investor relations manager at F&N, said last week when asked about the proposed bond deal that the company had “considered all options” and decided the buy back offer would “be the most consistent and fair approach for us to adopt.”

TERM OFFERED
Singapore-based F&N offered to pay S100 cents on the dollar and a fee worth half of the note’s coupon and the accrued interest on the date that it can call the securities, the documents last month show.

The terms offered were below market levels for F&N’s higher coupon bonds, three investors in the S$108.25 million 5.5% notes due 2016 said last week, all of whom intended to vote against the proposal.

F&N shareholders voted in favor of the spin off of Frasers Centrepoint Ltd. at an extraordinary general meeting on Nov. 13, according to a company release.

Shares in F&N were little changed at $5.80 at 11:22 a.m. in Singapore. Its $108.25 million 5.5% 2016 debentures were yielding 2.689% on Nov. 13 compared with 2.430% at the start of the quarter, Bloomberg-compiled prices show.

Bonds subject to the vote yesterday also included $150 million of 3.62% debt, $50 million of 2.45% securities due 2015, $220 million of 2.48% notes due 2016 and $80 million of 3.15% debentures due 2018, according to F&N’s Oct. 28 announcement.

Holders of the first three of those series approved the company’s plan. A quorum of holders to the 2018 bonds, which the F&N refers to as seven-year bonds, wasn’t achieved and the vote on amending that debt will be held again on Nov. 29, the company said.

Charoen, who acquired F&N via his companies including Thai Beverage Pcl earlier this year, has a net worth of US$8.9 billion ($11.1 billion), according to the Bloomberg Billionaires Index.

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星狮集团建议派息6亿零690万元
2013年12月27日
http://www.sharesinv.com/zh/articles/43543/

星狮集团(Fraser & Neave)建议通过减资活动派发每股0.42元的股息(总值约6亿零690万元)给股东们。

截至2013年9月30日，公司持有一笔7亿3,740万元的资金。这是它在2007年1月向淡马锡控股(Temasek Holdings)的子公司实里达投资(Seletar Investments)发行股票而筹得的资金，但一直仍未使用。

管理层认为，公司的资本有余，所以减资将使公司的资本结构更有效率。

启示：公司管理层强调，减资活动将不会取消任何股票或改变公司的股数。

icy97

每日头条 | 2014年04月29日
http://www.sharesinv.com/zh/articles/46477/

星狮集团(Fraser and Neave)以5,460万令吉(2,100万元)收购了Yoke Food Industries的70%股权。后者的业务是生产、营销、分销和出口饮品，相关品牌有Day Day、SoSoy和Juice Secret等等。

icy97

星狮次季净利扬34%

财经 天下  2014-05-11 10:41
（新加坡10日讯）归功于饮料和乳制品业盈利提高，星狮集团（F&N）截至3月底的次季净利，上扬34.2%至3808万新元（9847.5亿令吉）。

首半年营收增加4.4%至11.86亿新元（30.67亿令吉），净利则报7411万新元（1.92亿令吉），写下17.1%的涨幅。

该集团营运业务的每股盈利为4.9分（12.67仙），而每股净资产值为1.61新元（4.16令吉），同时将派发每股2分（5.2仙）的中期股息。

包括汽水和啤酒的饮料业务，次季税前及利息前盈利扬升13%至4500万新元（1.16亿令吉），归功于啤酒销售量提高。

乳业的季度税前及利息前盈利则增加29%，报1700万元（4396万令吉）。【南洋网财经】

icy97

仲裁庭裁决缅国企 可买星狮缅酿酒厂股权
财经 天下  2014-11-02 10:55
http://www.nanyang.com/node/659464?tid=462

（新加坡1日讯）仲裁庭裁决，缅甸经济控股有权向星狮集团（Fraser and Neave）买下后者持有的缅甸酿酒厂（Myanmar Brewery）股权。

缅甸经济控股是缅甸国有企业，根据该公司文告，由两名新加坡仲裁员组成的仲裁庭已裁决，缅甸经济控股有权以接近2013年4月24日时的公允价格，购买星狮集团所持有的缅甸酿酒厂股权。

双方将共同委任一名估价师，为这笔股权估价。

成立于1995年的缅甸酿酒厂是缅甸经济控股当初和亚太酿酒厂（APB）合资成立，缅甸经济控股持股45%。亚太酿酒厂后来在1997年将股份转给星狮集团。

后来星狮集团被TCC Assets收购，缅甸经济控股随后以违约为由，于去年4月24日行使它在合资协议的权利，通知星狮集团把所持缅甸酿酒厂卖给它。

已易主的星狮集团则认为没有违约，双方因此就股权纠纷展开仲裁。

icy97

星狮缅甸酿酒厂纠纷 交由新加坡高庭裁决
财经 天下  2015-08-02 10:24
http://www.nanyang.com/node/715196?tid=462

（新加坡1日讯）缅甸经济控股已针对缅甸酿酒厂（Myanmar Brewery）一案入禀新加坡高庭，要求星狮集团（Fraser and Neave）将所持有55%股权于8月20日前转移给缅甸经济控股。

缅甸经济控股将向星狮集团收购上述55%股权，但两者无法就交易的货币和兑换汇率，取得共识。

缅甸经济控股认为，这55%的估值是5000亿缅甸元，相当于目前4亿700万美元（约15.54亿令吉），应以缅甸元交易。

上周，星狮集团和缅甸经济控股各自发布文告宣布独立估价师的估值，出现了差异。

前者宣布的估值是5.6亿美元（约21.36亿令吉），后者宣布的估值则是5000亿缅甸元。

icy97

经济控股接受星狮出价 22亿购缅甸酿酒厂55%
财经 天下  2015-08-08 10:12
http://www.nanyang.com/node/716304?tid=462

（新加坡7日讯）缅甸经济控股同意，以星狮集团之前宣布的5.6亿美元（21.98亿令吉），收购缅甸酿酒厂的55%股权，并撤销提控。

缅甸经济控股和星狮集团一直谈不拢价格，特别是在交易货币和兑换率方面无法达到共识。

星狮集团认为，5000亿缅甸元（16.74亿令吉）的股价，应该以美元来交易，并且应根据2013年4月30日的兑换汇率。以那时的汇率计算，这相当于5.6亿。

但缅甸经济控股认为，这55%股权的估值是5000亿缅甸元，应该以缅甸元交易。用目前的汇率计算，这相当于4.07亿美元（15.98亿令吉）。

由于无法达成共识，双方就这项交易展开长达一年多的诉讼。

icy97

饮料和印刷盈利减少 星狮第3季净利跌9％
财经 天下  2015-08-09 11:15
http://www.nanyang.com/node/716512?tid=462

（新加坡8日讯）新加坡星狮集团截至6月底，第三季净利下跌9%，报4000万新元（约1.13亿令吉），受到饮料和印刷业务的盈利减少的拖累。

不过，第三季营业额增加4%，报6亿4500万新元（约18.25亿令吉），饮料收入增加11%，泰国业务中的乳制品也取得更高收入。

印刷业务收入则微跌3%，报8100万新元（约2.29亿令吉）。

展望未来，星狮集团预期全球经济增长平缓，新加坡经济今年预计增长2%至3%，当地消费情绪也将因为更缓慢的经济增长而显得较低落。

同时，其他东南亚市场如大马和泰国也仍充满挑战。

集团也表示，强劲新元虽然有助于缓和一些进口和原料成本的上涨，但该集团有不少业务在新加坡以外，因此新元走强也可能影响集团的业绩。

icy97

星狮没献购越南牛奶商
财经 天下  2015-11-05 12:39
http://www.nanyang.com/node/732546?tid=462

（新加坡4日讯）新加坡星狮集团（F&N）昨早发文告澄清，集团没有对越南牛奶产品制造公司（Vinamilk）提出收购献议。

该集团指出，有媒体报道星狮集团以40亿美元（约170亿令吉）收购越南国家资本投资公司（SCIC）所持有越南牛奶产品制造的45.1%股权，报道不实。

该集团澄清，还没有对这两家公司提出任何收购献议。

集团因此提醒股东小心交易，并建议避免针对有关消息采取交易行动。

icy97

售缅甸酿酒厂赚16.6亿 新加坡星狮全年净利翻3倍
财经 天下  2015-11-08 10:40
http://www.nanyang.com/node/733074?tid=462

（新加坡7日讯）新加坡星狮集团（Fraser and Neave）因脱售缅甸酿酒厂（Myanmar Brewery）取得5亿4200万新元（约16.62亿令吉）一次过收益，截至9月底全年净利猛涨三倍以上。

星狮集团净利从去年同期的1亿4700万新元（约4.49亿令吉），上扬至现财年6亿3300万新元（约19.36亿令吉）。

全年营业额微涨0.5%至21亿新元（约64.26亿令吉）。建议派发每股3分新元（约9.18仙）的年终股息。

星狮集团之前宣布5.6亿美元（21.98亿令吉），收购缅甸酿酒厂的55%，并撤销提控。

icy97

擬擴東南亞市場 星獅集團物色收購目標
2016年8月16日
http://www.chinapress.com.my/20160816/擬擴東南亞市場-星獅集團物色收購目標/

（新加坡16日訊）新加坡星獅集團（Fraser & Neave）正物色收購目標，冀進一步擴大東南亞的市佔率，包括增持越南市值最大公司越南乳業股份公司（簡稱Vinamilk）。

由泰國首富蘇旭明（Charoen Sirivadhanabhakdi）掌控的星獅集團，繼去年脫售啤酒業務后，目前握有近10億新元（約29.7億令吉）的收購彈藥。

根據“彭博社”，新加坡星獅集團非酒精飲料部總執行長李明達透露，Vinamilk是集團收購目標的最佳典範，擁有市佔率、知名品牌和強大的分銷網絡。

“最理想的情況當然是收購，這將讓我們更快進入該市場。”

Vinamilk是越南最大乳業公司，隨著政府取消對該公司的外資持股限制，及MSCI公司宣佈將把該股納入新興市場指數之后，Vinamilk股價于上週飆至歷史新高，該股今年至今已上漲32%。

李明達說，如果市場上有更多Vinamilk股票且價格合理，集團將探討增持可能。

星獅集團是Vinamilk第2大股東，持有11%股權；越南政府則持股45%。

就全球飲料市佔率來看，星獅集團排名第3，和首兩名位置的美國Pepsi和可口可樂仍有一大段距離。

去年8月脫售緬甸釀酒厂（Myanmar Brewery）股權后，星獅集團截至今年6月底，共握有9億7180萬新元（約29億令吉）的現金。

星獅集團是新加坡、泰國和大馬的首3大軟性飲料業者，但在越南、印尼和菲律賓卻不是首5大業者。

Keenism

icy97 发表于 17-8-2016 03:44 AM
擬擴東南亞市場 星獅集團物色收購目標
2016年8月16日
http://www.chinapress.com.my/20160816/擬擴東南亞市場-星獅集團物色收購目標/

（新加坡16日訊）新加坡星獅集團（Fraser & Neave）正物色收購目標，冀進一 ...

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