MARKETS & INVESTING | Staff Reporter, Singapore

Jardine Strategic acquisition completed

The company has also been delisted from three exchanges.

Jardine Matheson (JMH) has acquired Jardine Strategic’s 15% issued share capital which it does not already own, according to a filing announcement.

This comes after the approval of JMH’s acquisition by shareholders of Jardine Strategic at a special general meeting held on 12 April.

It has also been delisted from the SGX mainboard, the London Stock Exchange, and the Bermuda Stock Exchange.

Also Read: Jardine Strategic Holdings removed from Straits Times Index

Whilst a number of shareholders in Jardine Strategic voted against the acquisition, “a large number of shares” were from investors who were not shareholders at the time of the announcement on 8 March.

Also Read: Jardine Strategic acquisition to proceed

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