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F&N offers $3.76M to buy Chuong Duong’s Vietnam factory and Saxi brand amid its financial struggles.
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.
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.
The factory, launched in 2019 and operational since 2022, aimed to boost production to 50 million liters annually.
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.
F&N ofrece $3.76M para comprar la fábrica de Chuong Duong en Vietnam y la marca Saxi en medio de sus dificultades financieras.