F & N plans to invest 15 million yuan to acquire a 19.99% stake in Manuka honey producer Comvita | Lianhe Zaobao
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Fraser and Neave plans to acquire a 19.99% stake in Comvita for NZD 15 million, participating in its equity financing. Comvita is a global leader in Manuka honey production and is expected to raise up to NZD 30 million through its wholly-owned subsidiary F&N Ventures at a price of NZD 0.65 per share. If the 19.99% shareholding is not achieved, Fraser and Neave agrees to subscribe for new shares at NZD 0.80 per share. This investment will enhance its portfolio of nutrition and functional beverages and expand into the natural health sector
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