---
title: "F & N plans to invest 15 million yuan to acquire a 19.99% stake in Manuka honey producer Comvita | Lianhe Zaobao"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282762474.md"
description: "Fraser and Neave plans to acquire a 19.99% stake in Comvita for NZD 15 million, participating in its equity financing. Comvita is a global leader in Manuka honey production and is expected to raise up to NZD 30 million through its wholly-owned subsidiary F&N Ventures at a price of NZD 0.65 per share. If the 19.99% shareholding is not achieved, Fraser and Neave agrees to subscribe for new shares at NZD 0.80 per share. This investment will enhance its portfolio of nutrition and functional beverages and expand into the natural health sector"
datetime: "2026-04-15T01:07:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282762474.md)
  - [en](https://longbridge.com/en/news/282762474.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282762474.md)
---

# F & N plans to invest 15 million yuan to acquire a 19.99% stake in Manuka honey producer Comvita | Lianhe Zaobao

Fraser and Neave will participate as a cornerstone investor in Comvita's proposed equity financing. Comvita is a global leader in the production of Manuka honey and natural health products, listed on the New Zealand Stock Exchange.

Fraser and Neave announced on Wednesday (April 15) before the market opened that the group will act as the sole underwriter for Comvita's planned proportional issuance of renounceable rights through its wholly-owned subsidiary F&N Ventures, expecting to raise up to NZD 30 million at a price of NZD 0.65 per share (approximately SGD 0.49).

After the placement is completed, Fraser and Neave is expected to hold a 19.99% stake in Comvita. If the placement does not achieve this shareholding ratio, the group has agreed to subscribe for new shares through an additional placement at NZD 0.80 per share.

The announcement mentioned that Fraser and Neave's total investment commitment is expected to reach approximately NZD 20.1 million (SGD 15 million), depending on the level of participation from existing shareholders in the rights issue.

The group stated that this investment will strengthen its existing portfolio of nutrition and functional beverage products while helping the group further expand into the natural health sector and enhance its business layout in this category with long-term growth potential.

#### Further Reading

Fraser and Neave's net profit for the first quarter of FY2026 fell 8.9% to SGD 47.4 million Gen Z drinking habits change, alcoholic beverage market expected to evaporate by SGD 1 trillion

Fraser and Neave's CEO Rahul Colaco revealed that after the completion of the rights issue and additional placement, the group will have the right to nominate one director to join Comvita's board, subject to necessary approvals The group also plans to engage in constructive cooperation with the board and management of Convita to support the company's growth focus.

In the long term, this transaction is expected to bring cooperation opportunities for both parties in multiple areas, including market expansion, digital capabilities, and product innovation, especially in Southeast Asia. F & N has mature capabilities and local market experience in Southeast Asia.

F & N's stock price closed at HKD 1.45 on Tuesday (14th), down 0.69%

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