F&N to Invest in Comvita as Cornerstone Investor, Targeting Up to 19.99% Stake

NewTimeSpace News: April 15, 2026,F&N announced that it intends to participate as a cornerstone investor in the proposed equity capital raising of Comvita through its wholly-owned subsidiary, F&N Ventures Pte Ltd. Comvita is a global leader in manuka honey and premium natural health products.

Under the proposed transaction, F&N will act as the sole underwriter of Comvita's planned pro-rata renounceable entitlement offer, which is expected to raise up to NZ$30 million at NZ$0.65 per share. Upon completion, F&N expects to hold a 19.99% stake in Comvita. If this level is not achieved through the entitlement offer, F&N has agreed to subscribe for additional new shares through a top-up placement at NZ$0.80 per share. F&N's aggregate investment commitment is expected to be up to approximately NZ$20.1 million (S$15 million).

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