FNN

FNN: announcement on SGX -- potential dispute relating to Myanmar Brewery (MBL). FNN received a lawyer's letter from its MBL JV partner, Myanma Economic Holdings (MEHL), stating is intention to issue a notice of arbitration in respect of a potential claim relating to FNN's shares in MBL. FNN currently holds 55% stake in MBL, and the remaining 45% held by MEHL. MEHL had purported to rely on a JV agreement, to give notice to FNN to sell its MBL stake to MEHL. FNN maintains there is no basis for the share sale, and has engaged lawyers to resist the claim. FNN remains on trading halt.