PETALING JAYA: Fraser & Neave Holdings Bhd (F&N) is leasing a 32,200 sq m parcel of land for 50 years from Cambodia-based Suvannaphum Investment Co Ltd for RM18.5mil.
In a filing with Bursa Malaysia, F&N said the lease agreement was entered into for the purpose of setting up a manufacturing facility for dairy products to strengthen the company’s presence in Cambodia.
“The manufacturing facility will produce sweetened beverage creamers in cans and pouches,” it said.