F&N Takes Total Ownership Of Borneo Springs

June 2008 | Company Finance Alert

Singaporean food and beverage major Fraser & Neave (F&N) has acquired the remaining 5% interest it does not already hold in Malaysian bottled water producer Borneo Springs Sdn Bhd in a deal worth MYR0.84mn (US$0.26mn). The acquisition turns Borneo into a wholly-owned subsidiary of F&N's Malaysian unit F&N Holdings Berhad (F&NHB) and further cements F&N's dominance of the soft drinks industry in both Singapore and

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