Kirin To Buy Stakes In Fraser & Neave From Temasek Unit

Kirin Holdings Company, Ltd., a Japanese No. 1 beverage conglomerate, announced that Kirin will acquire 205.5 million shares (14.7%) in Fraser and Neave Limited, the largest beverage company in Malaysia and Singapore, from Seletar Investments Pte Ltd. which is a wholly owned subsidiary of Temasek Holdings Limited for about $0.97 billion. This investment will further enhance Kirin's international integrated beverage group strategy in the Asia and Oceania regions.