FNN

FNN: Kirin Japan announced over the weekend that they decided to sell its Tokyo headquarters in order to reduce debts as it aggressively buys foreign firms in a bid to expand its global reach. The HQ would raise S$170 million to S$340 million). Recall the group has bought full or major stakes in Australian brewer Lion, Brazilian brewer Schincariol and Philippine brewer San Miguel in recent years. The latest update for the company follows OUE consortium's announcement of its extension of its $9.08/sh offer to 14 Jan, 5.30pm.