Myanmar conglomerate asks Singapore court to enforce F&N brewery stake sale

SINGAPORE — A Myanmar conglomerate has asked Singapore High Court to order food and drink company Fraser and Neave Limited (F&N) to transfer its 55 per cent stake in Myanmar’s biggest brewery to the Myanmar firm by Aug 20 in a dispute over a deal dating back to 2013 over the holding’s value. Government-backed Myanmar […]

Myanmar Army Conglomerate Says It Has Won Beer Spat With Singapore’s F&N

SINGAPORE — A military-linked Burmese conglomerate said it has won an arbitration case against Singapore’s Fraser and Neave Ltd (F&N) that will give it the right to buy the latter’s stake in Myanmar’s biggest brewery. Union of Myanma Economic Holdings Limited (UMEHL) said in a statement on Friday that a panel of two unnamed Singapore […]

Thai Billionaire Courts Controversy In Slugfest For Control Of Myanmar Brewery

Billionaire Charoen Sirivadhanabhakdi, Thailand’s third-richest tycoon with a net worth of $10.6 billion, is in the midst of a slugfest, yet again. Fraser & Neave ’s (F&N) local partner in its beer joint venture in Myanmar has begun arbitration for what it claims is its “contractual right” to buy over the parent company’s 55% stake […]