喜力：对亚太酿酒志在必得
华侨银行等三个集团在短短三天内，决定将部分星狮集团（Fraser and Neave）和亚太酿酒厂（Asia Pacific Brewery）的股权，卖给泰国酿酒大王苏旭明家族企业，让喜力集团（Heineken）感到始料不及，迅雷不及掩耳。

　　对于献议以每股50元的高价，向星狮集团收购其在亚太酿酒厂所持有的全数40％股权，喜力表示，这是为了速战速决，志在必得。

　　持续升温的股权竞购战，刺激连日上扬的亚太酿酒厂股价昨日再飙涨3.26元，即6.7％，达到了52元。这显示，市场人士相信，对亚太酿酒厂掌控权虎视眈眈的大象啤酒生产商苏旭明家族企业，或者日本最大啤酒公司麒麟（Kirin），都有可能提出另一个献议来争夺亚太酿酒厂的股权，带动收购价格上涨至每股50元以上。

　　亚太酿酒厂的股价是在闭市之前几分钟，出现3万多股的交易，将股价由原本的49元，瞬间推高至52元。至于星狮集团，也是在全天交易结束前一个多小时内，股价突然拔升，出现两宗总额达2900万股的大宗交易，刺激股价走高0.35元，涨幅高达4.4％，收报8.35元，并以2亿7600万元的交易总值冠全场。

星狮须在明天或之前

决定是否要接受喜力献议
喜力集团发言人约翰克拉克昨日接受本报访问时，针对集团献议以51亿元，收购亚太酿酒厂部分股权一事的背景做了详细说明。

　　他指出，集团对于同星狮集团长达80多年的合作非常重视，但由于星狮和亚太酿酒厂的股权发生变化，双方合作关系的结构也就跟过去不同了。

　　其实，早在麒麟这个竞争对手两年前从淡马锡控股手中买下14.7％星狮股权后，喜力对此已经感到“不舒服”。但鉴于星狮承诺，麒麟不会因其董事身份而获得亚太酿酒厂的商业机密，再加上转移的是星狮的股权，因此喜力唯有勉强接受。

　　可是，泰国酿酒的出现使喜力不能再无动于衷。星狮的股权结构有了重大的改变，两个最大的股东都是亚太酿酒厂和喜力在许多市场的直接或间接竞争对手。为了保护亚太酿酒厂和喜力的商业利益，喜力唯有出高价收购星狮持有的40％亚太酿酒厂股权。

　　他指出，泰国酿酒在泰国、柬埔寨、新加坡、马来西亚等地均有业务，而这些国家也是亚太酿酒与喜力非常重视的市场，双方是竞争对手。至于麒麟也与亚太酿酒厂和喜力在纽西兰等地区有激烈的竞争。

　　克拉克昨天也说，他对华侨银行、大东方控股以及南益树胶，在短短几天内决定将22％星狮集团股权和8.6％亚太酿酒厂股权，卖给了苏旭明家族企业感到非常意外和迅雷不及掩耳。

　　记者追问，此前华侨银行是否曾接触喜力表示有意要出售股权，克拉克未给予正面回应，只再次强调：“对于这件事我们也是很惊讶。”

　　喜力向星狮集团献议的亚太酿酒厂的收购价格为每股50元。这比泰国酿酒和苏旭明女婿向华侨银行、大东方控股和南益树胶出价的每股45元，高了11％。

　　克拉克强调，喜力的献议并不取决于融资，这也就是说，无论公司是否能获得融资，这项献议都不会有任何改变。
“我们是虎牌啤酒的亲生父母”
　　喜力强调本身并不是外人，而是虎牌（Tiger)啤酒的“亲生父母”。过去80多年来，虎牌其实一直都是它与星狮携手抚养长大的。

　　即使今后亚太酿酒厂的股权改变了，仍然无法改变虎牌啤酒的新加坡根——它是在新加坡诞生的、是第一个新加坡制造的啤酒这件事实。

　　克拉克昨天告诉本报，虎牌啤酒是喜力在亚洲最重要的品牌之一，虎牌和喜力这两个品牌占了整个亚太地区大约32％的高端啤酒市场。

　　他相信，除了亚太酿酒厂，没有别的公司比喜力更了解虎牌的传统，更珍惜虎牌的传统。

　　他指出，虎牌是喜力与两名苏格兰人——约翰富莱莎(John Fraser)和大卫尼夫(David Neave)所创立的公司——星狮集团（前称花莎尼），在1931年联手制造出来的。两家公司当时设立了马来亚酿酒厂（亚太酿酒厂的前身），而虎牌就是马来亚酿酒厂生产与销售的第一个品牌。

　　当时，华侨银行只是协助花莎尼融资的银行。华侨银行前任董事经理陈振传也是到1950年才加入星狮集团董事部。

　　克拉克强调：“无论亚太酿酒厂是否会从交易所除牌，虎牌都会继续存在。喜力的亚太区域总部仍旧还是会设在新加坡。”

喜力集团发言人约翰克拉克昨日接受本报访问时，针对集团献议以51亿元，收购亚太酿酒厂部分股权一事的背景做了详细说明。

他指出，集团对于同星狮集团长达80多年的合作非常重视，但由于星狮和亚太酿酒厂的股权发生变化，双方合作关系的结构也就跟过去不同了。

F&N APB停牌了！竞购亚太酿酒厂战情加剧 星狮集团要求喜力提高收购价
DJ UPDATE: Fraser & Neave, Asia Pacific Breweries on Trading Halt Pending Announcement


-- Fraser & Neave, Asia Pacific Breweries shares halted from trade Thursday, pending announcement

-- Heineken's US$4.1 billion offer for Asia Pacific Breweries expires Friday

-- F&N is seeking more cash for its Asia Pacific Breweries stake, says person familiar with the situation


(Recasts throughout)


By Gaurav Raghuvanshi and Sam Holmes


SINGAPORE--Fraser & Neave Ltd. (F99.SG) and Asia Pacific Breweries Ltd. (A46.SG) shares were placed on trading halts Thursday, a day ahead of a deadline for the Singapore conglomerate to accept Heineken NV's (HINKY, HEIA.AE) 5.1 billion Singapore dollar (US$4.1 billion) offer to buy out Fraser & Neave's stake in Asia Pacific Breweries.

Heineken launched the offer last month to buy out its partner in the 81-year-old joint venture. It offered S$50 per share for all of F&N's 39.7% stake in Asia Pacific Breweries. The offer price represents a 1% premium to APB's closing price on Wednesday.

The current offer expires Friday.

Asia Pacific Breweries is 64.8%-controlled by Asia Pacific Investment Partners, a 50-50 joint venture between F&N and Heineken. F&N separately holds a 7.3% direct stake in Asia Pacific Breweries while Heineken holds a 9.5% direct stake.

A person familiar with the situation earlier this week said F&N is seeking more money for the APB stake but declined to specify how much more it wanted.

Heineken's takeover offer for APB last month came within two days of Thai Beverage Ltd. (Y92.SG), which is controlled by Thai billionaire Charoen Sirivadhanabhakdi, announcing that it is buying a 22% stake in F&N from Oversea-Chinese Banking Corp. (O39.SG) and partners for S$2.78 billion. Thai Beverage clarified on Wednesday that it isn't seeking a buyout of F&N.

Fraser & Neave wasn't immediately available for additional comment Thursday. APB declined to comment further on the trading halt.

Heineken couldn't immediately be reached for comment.


Write to Gaurav Raghuvanshi at [email protected]

泰国酿酒获准 可先买下22％星狮股权(zaobao)
泰国酿酒（Thai Beverage）不等股东批准，已进一步扑向星狮集团（Fraser and Neave）和亚太酿酒厂（Asia Pacific Breweries）控制权，准备在星狮集团特别股东大会上，击退喜力（Heineken）的献议。它正与华侨银行（OCBC）等磋商，以尽快完成22％星狮集团股权的交易。

　　泰国酿酒昨日宣布已获批准“先斩后奏”，可先向华侨银行集团等买下22％星狮集团股权，以便成为星狮集团最大单一股东，在星狮集团股东大会表决是否接受喜力的献议时，泰国酿酒身为星狮集团股东的意见能够获得大会考虑。

　　泰国酿酒并没说要否决喜力的51亿元献议（每股50元），但亚太酿酒厂是“兵家必争之宝”，泰国酿酒要以28亿元向华侨银行、大东方控股（Great Eastern）以及南益树胶公司（Lee Rubber Company）买下22％星狮集团股权，购价为每股8.88元；上周它再通过独资子公司买进更多星狮集团股权，使所掌握的星狮集团股权进一步提升至24.1％，显然毫无退兵之意。与泰国酿酒合作的Kindest Place集团，则以约10亿元向华侨银行等买下8.6％亚太酿酒厂股权，购价为每股45元。

　　泰国酿酒昨日的文告指出，之前说收购22％星狮集团股权的交易有待股东批准才能完成，是因为新交所挂牌条例有此规定，泰国法律和公司的章程都没有规定必须获得股东批准。

　　泰国酿酒是在喜力7月19日宣布献购星狮集团掌控的40％亚太酿酒厂股权之后，向新加坡交易所提出申请，希望豁免遵守须先取得股东批准的新交所挂牌条例。

　　泰国酿酒说：“公司向新交所申请豁免先取得股东批准，是要使公司能够尽快完成这项投资，以便公司能够成为星狮集团的股东，星狮集团任何股东大会在考虑喜力的献议时，公司的看法能够获得考虑。公司的首要目的，是要与所有星狮集团的股东通过建设性合作来创造价值，让各方受益。”

　　它说，新交所已批准公司的申请，而泰国酿酒也已按要求，取得所有董事一致批准及在董事会上表决同意这个星狮集团的投资项目，昨日也提交了大股东苏旭明（Charoen Sirivadhanabhakdi）书面向公司承诺将投票支持这项投资，以及将不会在公司的特别股东大会之前卖掉所掌控的65.89％泰国酿酒股权。苏旭明是在昨日把书面承诺交给公司。泰国酿酒必须在获得豁免后的三个月内，举行特别股东大会，以批准这项交易。

泰国酿酒昨日股价跌半分或1.5％，收报0.32元；星狮集团连续两天下跌，昨日收报8.18元，跌16分或1.9％；在喜力和星狮集团先后宣布“没加价”和“没收到其他献议”的澄清后，亚太酿酒厂股价连续四天以50元收市；华侨银行昨日回跌2分或0.2％，收报9.55元。
公司向新交所申请豁免先取得股东批准，是要使公司能够尽快完成这项投资，以便能够成为星狮集团的股东，星狮集团任何股东大会在考虑喜力的献议时，公司的看法能够获得考虑。公司的首要目的，是要与所有星狮集团的股东通过建设性合作来创造价值，让各方受益。

F&N的股东使出 拖 字诀
F&N: Heineken Extend Offer For One Week.

Heineken N.V. announces that it has been contacted by Fraser & Neave, Limited in relation to the offer by HNV on 20 July 2012 for F&N's direct and indirect interests in Asia Pacific Breweries Limited at a price of S$50.00 per APB share, for a total consideration of S$5.1 billion, and F&N's interest in the non-APB assets held by Asia Pacific Investment Private Limited, a 50/50 joint venture between HNV and F&N, for a consideration of S$163 million. At the request of F&N, HNV has agreed to extend the Offer by one week from 27 July 2012, to allow further time for F&N to consider the Offer...

喜力总裁说话真逗
志在必得，不是叫人狮子大开口吗?
亲生父母，儿子在别人手上，赎金还能少吗?
总之他急别人不急，APB至少60块才卖

喜力总裁说话真逗
志在必得，不是叫人狮子大开口吗?
亲生父母，儿子在别人手上，赎金还能少吗?
总之他急别人不急，APB至少60块才卖

这样泰国啤酒就分剩下她的房地产业务了
Oversea-Chinese Banking Corporation Limited and Great Eastern Holdings Limited wish to announce that they have been approached with an offer to purchase, inter alia, their combined stakes in Fraser and Neave, Limited, aggregating approximately 18.20% of Fraser and Neave, Limited's total issued shares as at 31 March 2012, and Asia Pacific Breweries Limited, aggregating approximately 7.92% of Asia Pacific Breweries Limited's total issued shares as at 31 March 2012, and they are having discussions on this...

日本麒麟对她的软饮料和牛奶业务感兴趣
DJ Kirin Considering Bid for Fraser & Neave's Soft Drink, Dairy Assets - Source

SINGAPORE--Japanese beverage group Kirin Holdings Co. Ltd. (2503.TO) is considering a bid for the soft drinks and dairy assets of Singapore conglomerate Fraser & Neave Ltd. (F99.SG), a person familiar with the situation said Thursday.

The Japanese group is considering a bid for the conglomerate's Malaysian unit, Fraser & Neave Holdings Bhd. (3689.KU) and brands such as isotonic drink 100 Plus, Seasons and Fruit Tree, the person said.

Kirin already owns a 15% stake in Fraser & Neave, which it acquired from Singapore state investment firm Temasek Holdings in 2010.

The planned move follows Heineken NV's (HINKY) 5.1 billion Singapore dollar (US$4.1 billion) offer last week to buy out Fraser & Neave's stake in Asia Pacific Breweries Ltd. (A46.SG), a joint venture between the Dutch brewer and Singapore company that produces Tiger beer.

"Kirin wants to ride on the current momentum," the person said, adding a potential bid for Asia Pacific Breweries could be complicated.

The person also said the market capitalization for the soft drinks business is around US$2 billion and that funding the acquisition could be easily achieved.

A Fraser & Neave spokeswoman declined to comment. A Kirin spokesman declined to comment.

Kirin has been weighing various options after Heineken's bid last week to take control of Asia Pacific Breweries. People familiar with the matter told Dow Jones Newswires Monday Kirin, one of Japan's biggest brewers, is in early discussions with bankers about a potential bid for Asia Pacific Breweries.

Asia Pacific Breweries has a strong presence in countries such as Singapore, Malaysia, Indonesia and Vietnam; Kirin is looking to expand beyond its domestic market, where the company's sales are slipping.

Still Kirin -- the second-largest Japanese brewer by domestic market share, after Asahi Group Holdings Ltd. -- already has spent more than 1 trillion yen (US$12.74 billion) on overseas acquisitions since 2007.

Apart from buying a stake in San Miguel, Kirin last year bought Schincariol, a Brazilian brewer, for $3.9 billion.

F&N拆分总值达S$10/share
DJ MARKET TALK: Heineken's APB Bid Unlikely To Succeed -CIMB

0322 GMT [Dow Jones] STOCK CALL: Fraser & Neave's (F99.SG) new and incumbent shareholders are unlikely to relinquish Asia Pacific Breweries (A46.SG), with a high chance Heineken's (HEIA.AE) S$50/share APB bid won't succeed, CIMB says. "F&N itself should be unwilling to give up its F&B exposure while major shareholder Kirin (2503.TO) is likely to veto any sale to Heineken." New substantial F&N shareholder Thai Beverage (Y92.SG) would lose out from lower F&N valuations after a deal, it notes. Based on ThaiBev's F&N-stake offer price, it estimates ThaiBev is willing to pay S$60-S$65/share for APB. "Another possible reason for Heineken's move was to force ThaiBev to come up with a better offer for APB. Heineken will pre-empt having to work with a new partner (to run APB) if their general offer is not accepted and ThaiBev fails to come up with a better offer." But it adds, the bid is positive overall for F&N shareholders as the stock is likely to climb. At S$50/APB share, it estimates F&N's sum-of-the-parts valuation at about S$10/share. ([email protected])