F&N incorporates JV company FCL Admiralty

It will undertake the acquisition and development of a residential property project in Singapore.

Fraser and Neave, Limited announced that its wholly-owned subsidiary Opal Star Pte. Ltd. has incorporated a joint venture company with Binjai Holdings Pte. Ltd., a wholly-owned subsidiary of Lum Chang Holdings Limited.

Incorporated in Singapore, FCL Admiralty Pte. Ltd. has an issued share capital of S$1 million with OSPL and BHPL holding 70% and 30% thereof respectively.

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