Fraser & Neave (F & N)

[toiletsiao]

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

19th July(This coming friday) is the SGX imposed deadline for Charoen to restore FNN's free float...still waiting for news on how he will do it...that will help remove alot of uncertainties...i think FNN will fall less than the amt of cap reduction too