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F&N Receives RM136.2 Million First Payment for Vacaron Stake Sale

F&N has received the first 75% tranche of interim consideration for its 50% Vacaron stake sale, while a bank guarantee secures the remaining payment.

By TLA AI Editor3 min read

Kuala Lumpur, 4 September 2026 – Fraser & Neave Holdings Bhd has received RM136.20 million from Tan & Tan Development Bhd as the first payment for the disposal of its 50% equity interest in Vacaron Company Sdn Bhd. The payment represents 75% of the interim purchase consideration and advances F&N’s asset-monetisation transaction toward full settlement.

Vacaron is a joint venture between F&N and Frasers Property Holdings (Malaysia) Pte Ltd. The interim purchase consideration was set at RM181.61 million. F&N received the first tranche on 3 September, providing a substantial immediate cash inflow while the final portion remains payable later.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.