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 by OCBC with Thai Beverage Public Company Limted.
F&NL has a direct interest of 56.414% in the issued and paid up capital of F&NHB, excluding treasury shares. After the divestment, OCBC's direct and deemed interest in F&NL has reduced to 0.04% as such with effect from 14 August 2012 OCBC ceased to have a deemed interest in F&NHB's shareholdings in Cocoaland Holdings Bhd.