F&N in Cambodian land deal

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PETALING JAYA: Fraser & Neave Holdings Bhd (F&N) is leasing a 32,200 sq m parcel of land for 50 years from Cambodia-based Suvannaphum Investment Co Ltd for RM18.5mil.

In a filing with Bursa Malaysia, F&N said the lease agreement was entered into for the purpose of setting up a manufacturing facility for dairy products to strengthen the company’s presence in Cambodia.

“The manufacturing facility will produce sweetened beverage creamers in cans and pouches,” it said.

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