In 1898, a new public company was formed and the two businesses were sold to the new company, named Fraser & Neave (F&N), for $290,000 in cash and shares.
In 1898, a new public company was formed to take over the aerated water business, and the Singapore and Straits Printing Office. The two businesses were sold to the new company, named Fraser & Neave (F&N), for $290,000 in cash and shares.