Shareholder change ‘not a new thing’; firm’s strength comes from its talent: Cycle & Carriage MD
The Singapore and Malaysia car retailer’s staying power stems from its management and people, says Wilfrid Foo
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[SINGAPORE] Right off the bat, the head of automobile distributor Cycle & Carriage (C&C) Wilfrid Foo is keen to emphasise the independent nature of the company amid rumours of its impending sale.
“Shareholder change is not a new thing. The strength of this organisation lies in the endurance of its management team,” he told The Business Times in an interview.
“Our majority shareholder is Jardine Cycle & Carriage (JC&C), but we are C&C Singapore and Malaysia… I want people to know that we have full independence to make investment and operational decisions.”
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