Fraser & Neave, Limited (F&N) (SGX: F99) is among the oldest companies in Southeast Asia. Its roots can be traced back to 1883. In that year, John Fraser and David Chalmers Neave formed the Singapore and Straits Aerated Water Company to venture into the aerated water business. It was also to diversify from their printing business under the Singapore and Straits Printing Office. Years later, in 1898, the two partners formed a new public company known as Fraser & Neave, Limited. The two businesses were then sold to their newly-formed company.

In the 1930s, F&N had started to be more active in the food & beverage manufacturing industry. In 1931, it formed a joint venture with Heineken N.V. to set up Malayan Breweries Limited which is now known as Heineken Asia Pacific. In 1936, it acquired franchise rights to Coca-Cola. Subsequently, it acquired franchise rights to Pepsi, 7-Up, and …