 In 2006, the Singapore government investment company Temasek Holdings took a 14.9%, S$900 million stake in F&N, becoming F&N's second-largest investor.In 2008, F&N reorganised its management structure and appointed chief executives for three of its core businesses, food & beverage, property and printing and publishing.In 2010, Temasek's entire stake was sold to Japan's Kirin Holdings for S$1.33 billion.