By Jason Ng
KUALA LUMPUR, Malaysia--Fraser & Neave Holdings Bhd.
(3689.KU), a Malaysian soft drinks and dairies manufacturer, said
Friday it has signed new licenses and expanded existing agreements
to manufacture and distribute Nestle S.A. (NESN.VX) products in six
Southeast Asian countries.
The agreements, valid through January 2037, cover several milk
brands owned by Nestle in Thailand, Laos, Cambodia, Singapore,
Malaysia, and Brunei, Fraser & Neave said in a statement. The
company said it will also invest 300 million Thai baht ($9.2
million) this year to upgrade its plant in Thailand.
Fraser & Neave chief executive Lim Yew Hoe said the new
licenses and renewal agreements would be a "tremendous boost to
deepening and widening the Group's footprint in the region."
Write to Jason Ng at jason.ng@wsj.com
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