Singapore-based Brierley Investments is likely to act on its stake in soft drinks group Fraser & Neave (F&N) in the coming weeks, according to chief executive Greg Terry. “There is no point in having …
Singapore-based Brierley Investments is likely to act on its stake in soft drinks group Fraser & Neave (F&N) in the coming weeks, according to chief executive Greg Terry. “There is no point in having 10 per cent. We either should take profits or we should look at playing a more strategic role in F&N,” Mr Terry said. “Obviously, we only want to do that if we have the support of F&N and the board. We will be exploring ways to do that in the weeks ahead.” Analysts had been speculating that Brierley, controlled by low profile Malaysian tycoon Quek Leng Chan, would either raise its stake or make a partial offer for the company. As the biggest shareholder in F&N, Brierley is widely seen as a catalyst in the restructuring of the diversified F&N.