F&N eyes Chuong Duong Beverage factory acquisition

Chuong Duong Beverage Joint Stock Company has added documents for an extraordinary shareholders’ meeting scheduled for late February. The company noted that this offer includes $2.53 million for tangible assets and $1.23 million for the Saxi brand.

F&N plans to carry out the transaction through its wholly owned Singapore-incorporated subsidiary, F&N Ventures Pte. Ltd.

Prior to this, F&N invested $230.3 million to purchase more than 96 million shares of Vinamilk at the end of 2025, consolidating its position as the largest foreign shareholder.

F&N has offered $3.76 million for the Nhon Trach 3 soft drink factory. The company is expected to pay 35 per cent to Chuong Duong upon signing the transfer contract. Another 60 per cent will be paid upon completion of the transfer, with the remaining balance retained to address post-transaction matters.

This move comes amid Chuong Duong’s prolonged business downturn. Specifically, Chuong Duong has recorded losses for five consecutive years. In the 2025 financial year alone, it posted a loss of $3.09 million, bringing accumulated losses to $13.43 million.

The Board of Directors assessed that the situation has placed significant pressure on shareholders’ equity and requires urgent decisions to improve the company’s financial capacity and cash flow.

The Nhon Trach 3 soft drink factory broke ground at the end of 2019 with a total investment of $3.07 million and began operations in 2022. Chuong Duong planned to increase the factory’s capacity by 50 per cent, bringing total output to 50 million litres per year. The factory helped the company expand its product portfolio and distribution roadmap, thereby strengthening its position in the soft drinks market.

Chuong Duong Beverage breaks ground on new projects under asset value creation efforts Chuong Duong Beverage JSC, a subsidiary of SABECO, broke ground on a beverage packaging factory and a built-to-suit warehouse in Binh Duong province, a part of its long-term strategy to further expand its distribution network, route-to-market, and create greater value for its shareholders.

Thai firm F&N Dairy Investments seeks to raise stake in Vinamilk Thai firm F&N Dairy Investments plans to increase its stake in Vinamilk to 18.69 per cent, continuing its long-term strategy of expanding in Vietnam’s consumer goods sector and benefiting from substantial dividend payouts.

Can Chuong Duong Beverages’ new chairman turn a profit? Deputy general director of Sabeco Neo Gim Siong Bennett has just been appointed to the highest position in Chuong Duong Beverages JSC (code: SCD).