Divestment by OCBC and its subsidiaries of their respective shareholdings in Fraser & Neave limited ("F&NL") pursuant to completion of the sale and purchase agreement dated 18 July 2012 entered into by OCBC with Thai Beverage Public Company Limited.
After the divestment, OCBC's direct and deemed interest inF&NL has reduced to 0.04% as such with effect from 14 August 2012 OCBC ceased to have a deemed interest in F&N's shareholdings in Fraser & Neave Holdings Bhd.