July 26/Singapore/Associated Press Financial Wire -- Kirin has agreed to buy a 14.7% stake in the maker of Tiger beer from Singapore government investment fund Temasek for almost $1 billion.
Kirin Holdings Co. will buy 205.5 million Fraser & Neave shares from a unit of Temasek Holdings Ltd. for 1.34 billion Singapore dollars ($974 million), it said in a statement.