Shares & Derivatives
7 Things I Learned from F&N’s FY2015 AGM
By The Fifth Person  •  February 12, 2016
In August 2015, F&N sold their 55% stake in Myanmar Brewery Limited to Myanma Economic Holdings for US$560 million and realized a net gain of US$542 million. Interestingly, Myanma Economic Holdings resold Myanmar Brewery to Kirin Holdings for the same amount of US$560 million the same month! The deal had many investors scratching their heads. The only reason I can think of for the transaction is a political one but I shall not elaborate further and leave you to ponder about it ;) So with F&N divesting their stakes in Asia Pacific Breweries in 2012 and Myanmar Brewery in 2015, the company now only owns one brand of beer – Thailand’s Chang Beer. Moving forward, I wanted to know how F&N’s management was planning to grow its business so I attended their most recent AGM to find out more. Here are the seven things I took away from F&N’s FY2015 ......
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By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
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