F&N Shares Surge To 13-year High On Disposal Of Glass Business

Date: 17 May 2010
Source: Biz.thestar.com.my

Date: 17 May 2010

PETALING JAYA: Fraser & Neave Holdings Bhd's (F&N Holdings) shares surged to a 13-year in Monday's early morning trade, as the company announced on Friday it would gain RM324.7mil from disposing its glass business.

At 9.23am, its shares rose 18 sen to RM11.88,its highest since Feb 19, 1997. In a statement on Friday, the company said it was disposing of its entire equity interest in Malaya Glass Products Sdn Bhd to Berli Jucker Public Company Ltd and ACI International Pty Ltd., a wholly owned subsidiary of Owens-Illinois Inc for RM710.8mil cash. Read more here.PETALING JAYA: Fraser & Neave Holdings Bhd's (F&N Holdings) shares surged to a 13-year in Monday's early morning trade, as the company announced on Friday it would gain RM324.7mil from disposing its glass business.
 
At 9.23am, its shares rose 18 sen to RM11.88,its highest since Feb 19, 1997.
 
In a statement on Friday, the company said it was disposing of its entire equity interest in Malaya Glass Products Sdn Bhd to Berli Jucker Public Company Ltd and ACI International Pty Ltd., a wholly owned subsidiary of Owens-Illinois Inc for RM710.8mil cash.
 
Read more here.
600450 F&N Shares Surge To 13-year High On Disposal Of Glass Business glassonweb.com

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