Kirin Holdings last month paid JPY84.6bn (US$967.8m) for a near-15% stake in Fraser & Neave.

Fraser & Neave Holdings is to explore new export markets for its soft drinks and strengthen its presence in Indochina's canned milked market, according to a local report.

The firm told news agency Bernama that it is exploring the soft drinks market in Thailand, Brunei and Singapore through franchising and would continue to launch new products and variants.

CEO Datuk Ng Jui Sia said that the company hopes to see an increase in exports, which make up less than 10% of annual group sales currently.

Kirin Holdings last month paid JPY84.6bn (US$967.8m) for a near-15% stake in Fraser & Neave.