101 views

JC&C offers to takeover Cycle & Carriage Bintang

The company currently holds 89.994% of CCB's issued shares.

Jardine Cycle & Carriage Limited (JC&C) has offered to acquire the remaining stake of Cycle & Carriage Bintang Berhad (CCB) for RM2.70 ($0.85) per offer share.

Currently, JC&C holds 89.994% of CCB's issued shares.

In a bourse filing, JC&C said its offer to takeover CCB is unconditional.

The acquisition will be funded through internal resources and/or external borrowings. 

If CCB fully accepts JC&C's offer, the total consideration for the offer shares will be approximately RM27.2m ($8.61m).

(1 SGD = 3.16 RM)

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!