Fraser & Neave (F & N)

[ngcheeki]

NOTICE OF BOOKS CLOSURE FOR PROPOSED CAPITAL REDUCTION

Extracts,


7. IMPORTANT EVENTS AND DATES

Shareholders should note the following events and dates:

Last date and time of “cum” trading of the Shares on the SGX-ST : 19 July 2013 at 5.00 p.m.

Commencement of “ex” trading of the Shares on the SGX-ST : 22 July 2013 at 9.00 a.m.

Books Closure Date for the Capital Reduction : 24 July 2013 at 5.00 p.m.

Effective date of the Capital Reduction : 25 July 2013

Expected Payment Date for the Cash Distribution pursuant to the Capital Reduction : On or about 31 July 2013

Thank you and I'm monitoring this date as well . Just curious that why there is no CE symbol indicates under the remark column for SGX price listing of F&N as well as there is no disclosure under the corporate action under F&N?

I'm expecting the share price of F&N to fall by less than the amount of capital reduction of $3.28 after Ex trading because the Thai Towkay is holding for more than 90+% and he is unlikely to sell after the Ex-Date. In addition, there are many value buddies holding on to F&N and waiting for the coming corporate restructuring of F&N to unlock its value.

vested