, Singapore

Fraser and Neave may segregate property from non-property businesses

As part of new strategic review.

Fraser and Neave, Limited announced that it will appoint advisers to study and review alternative strategic options available to the company to unlock shareholder value, a process which it said may involve a segregation of its property-related businesses from its non-property related businesses.

No decision has yet been made by the Board to proceed with any specific proposal or strategic option, said Fraser and Neave, adding that any specific proposal or strategic option selected will be proceeded with only upon and subject to receipt of all relevant approvals.

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