Fraser & Neave (F & N)

[CityFarmer]

The towkay only sold approx 31 mil shares, which bring down his stake to slightly less than 88%, from the previous 90%.

The rest of the married deals are not from the Towkay...

PUBLIC FLOAT OF FRASER AND NEAVE, LIMITED

Further to the Announcements in relation to the public float of the Company, the Board of the Company is pleased to announce that TCC Assets Limited (“TCCA”) has informed the Company that TCCA has, on 12 December 2013, completed the sale of an aggregate of 30,930,000 shares in the Company (“Shares”) held by TCCA to persons who are not (a) the directors, chief executive officer, substantial shareholders or controlling shareholders of the Company or its subsidiaries; or (b) associates (as defined in the Listing Manual) of the persons set out in (a) above (the “TCCA Sale”). Pursuant to the completion of the TCCA Sale, TCCA’s shareholding in the Company has been reduced to 858,080,062 Shares, representing approximately 59.39% of the total number of issued Shares (excluding treasury shares) as at the date of this Announcement.
Taking into account the TCCA Sale, to the best of the Company’s knowledge and based on records of the Company, the percentage shareholding of the total issued Shares (excluding treasury shares) as at the date of this Announcement held by the public is approximately 12%. Accordingly, the minimum public float requirement under Rule 723 of the Listing Manual has been met.

Ref: http://infopub.sgx.com/FileOpen/Public_F...eID=267629