F&N (Fraser and Neave) announced after trading hours on 21 March 2014 that it would be acquiring a 70% stake in Yoke Food industries, a Malaysia-based beverages company. I am not surprised that F&N will be carrying out acquisitions as it is quite clear after that now F&N is growing its food & beverage businesses after divesting all the other non-beverage businesses. The acquisition will increase F&N’s presence in Indonesia and Cambodia. The acquisition announcement came on the day when F&N stock price headed up more than six-percentage points, closing at $3.68. Cash distribution of $0.42 per F&N share in line with F&N’s capital reduction was approved at F&N’s EGM on 28 February 2014. Today (21 March 2014) was the last date and time of “cum” trading of F&N shares on the SGX-ST. There could be more room for F&N stock to head north following the acquisition of ......