Shareholder change ‘not a new thing’; firm’s strength comes from its talent: Cycle & Carriage MD

[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.”