Fraser and Neave Limited
SIN:F27 ISIN:SG1T58930911
Fraser and Neave, Limited is a Singapore-based company engaged in the production and sale of soft drinks, beer, stout, dairy products and glass containers; development of and investment in property; investment in and management of real estate investment trusts (REIT), and printing and publishing. These activities are carried out through the Company’s subsidiary, joint venture and associated companies. Its segments include soft drinks, dairies, breweries, printing and publishing, glass containers, investment property, development property, REIT and others. The Company operates in Singapore, Malaysia, Rest of South East Asia, North East Asia, South Asia, South Pacific, Europe and United States. In March 2008, the Company’s subsidiary, Heineken-APB (China) Pte. Ltd., acquired the remaining 3% stake in Shanghai Asia Pacific Brewery Co., Ltd.
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Wall Street closed flat overnight after Federal Reserve Chairman Ben Bernanke said the interest rate would be hold at low for an extended period due to the subdued economy and low inflation.
Asian markets mostly ended higher Thursday. Japan's Nikkei 225 ended up 0.3%, as exporters cheered for a recent weakness in the yen. Shanghai Composite rose 0.8% and Hong Kong's Hang Seng Index was also slightly higher in a choppy trade session. But South Korea stocks ended down the fourth day this week. The sustainability of the rising streak could be a question amid the negative outlook in global markets. Today Seoul shares opened 3 per cent lower, dragged by the financial sector.
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