Staff Reporter , Singapore
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)
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