Singapore's F&N may separate property from other operations
SINGAPORE, June 28
SINGAPORE, June 28 (Reuters) - Singapore's Fraser and Neave Ltd said on Friday it is considering separating its property-related businesses from its soft drinks, food and other operations.
"(F&N) wishes to announce that the company will appoint advisers to study and review alternative strategic options available to the company to unlock shareholder value," it said in a stock market filing.
"This may involve a segregation of its property-related businesses from its non-property related businesses."
Thai billionaire Charoen Sirivadhanabhakdi won control of the Singapore company in January after a bidding war with a group led by Overseas Union Enterprise Ltd.
For a link to the statement, click: (Reporting by Eveline Danubrata; Editing by Kevin Lim)
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