Jardine C&C to privatise Malaysian arm for RM90.6m
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Singapore
REGIONAL auto dealer Jardine Cycle & Carriage (Jardine C&C) is looking to privatise its Malaysian arm Cycle & Carriage Bintang Berhad (CCB) for RM90.6 million (S$29.8 million), or RM2.20 per share, the firm said in a bourse filing on Monday.
Jardine C&C holds about 59.1 per cent of Bursa Malaysia-listed CCB, whose shares were down 3 per cent or four sen to RM1.29 on Friday.
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