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F&N buys 70% stake in Malaysia's Yoke Food Industries

Fraser and Neave (F&N) has bought a 70 per cent stake in Malaysia's Yoke Food Industries (YFI), as it continues its efforts to become one of the largest food and beverage companies in Southeast Asia.

SINGAPORE: Fraser and Neave (F&N) has bought a 70 per cent stake in Malaysia's Yoke Food Industries (YFI), as it continues its efforts to become one of the largest food and beverage companies in Southeast Asia.

F&N -- one of Singapore's oldest companies -- paid S$21.0 million for the purchase.

Yoke Food Industries manufactures, markets and distributes canned beverages in Malaysia.

With the deal, F&N has secured for itself Yoke Food Industries' production capacity in the fast-growing non-carbonated beverages segment.

F&N said the tie-up offers an increased opportunity for the distribution and marketing of its brands in Southeast Asia.

Its beverage brands include 100PLUS, Magnolia milk, and Seasons Asian drinks and teas.


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