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Provider: Reuters Investment Profile
Provider: Reuters Investment Profile

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Kirin Holdings Co Ltd to Sell Shares in Fraser and Neave, Ltd and Expects Extraordinary Profit for FY 2013

Friday, 1 Feb 2013 01:30am EST 

Kirin Holdings Co Ltd announced that it has decided to sell 212,773,000 shares (a 14.76% stake) in Fraser and Neave, Ltd, for SGD 9.55 per share or approximately SGD 2,032 million in total, to TCC Assets Limited on February 14, 2013. As a result, the Company expects the extraordinary profit of approximately JPY 47 billion caused by sale of shares in Fraser and Neave, Ltd, for the fiscal year ending December 2013. 

Company Quote

5.5 +0.39%
1:41am EDT