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flag F&N offers $3.76M to buy Chuong Duong’s Vietnam factory and Saxi brand amid its financial struggles.

flag Fraser and Neave, a Thai Beverage subsidiary, has offered $3.76 million to acquire Chuong Duong Beverage’s Nhon Trach 3 factory in Vietnam, including $2.53 million for assets and $1.23 million for the Saxi brand, with payments structured over signing, completion, and post-transaction milestones. flag The deal follows five consecutive years of losses at Chuong Duong, including a $3.09 million loss in 2025 and $13.43 million in accumulated losses, prompting financial restructuring. flag The factory, launched in 2019 and operational since 2022, aimed to boost production to 50 million liters annually. flag The acquisition aligns with F&N’s broader strategy in Vietnam, including its $230.3 million investment to become the largest foreign shareholder in Vinamilk.

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