Overseas Union Enterprise may make offer for F&N
Thai tycoon Charoen Sirivadhanabhakdi may soon see competition in his bid to take over Fraser & Neave.
Lippo-backed Overseas Union Enterprise said this afternoon that it may make a offer for Fraser & Neave shares. It is in discussion with certain parties and is considering all options including making an offer for F&N shares.
Both counters were halted from trading.
Mr Charoen's TCC Assets is offering F&N shareholders $8.88 per share.