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Ice-cream firm from Singapore set to diversify.
Byline: Sukanya Jitpleecheep
Apr. 1--Fraser and Neave Group, a Singapore-based food giant and producer of Magnolia ice cream, plans to diversify into the property and soft-drink businesses in Thailand this year.
Teo Kim Chwee, director of F&N Foods United, a Thai subsidiary of F&N, said the company was interested in Thailand's booming property market.
Furthermore, it would like to apply the expertise gained from successful projects in many countries such as Singapore, Australia, China, Vietnam and Malaysia.
"For Thailand, we plan to join with a Thai partner to develop a luxurious condominium project costing several billions of baht on ...
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