Jardine C&C

For investors, a flood of rumours over the sale of assets – including properties, fast-food chains and car dealerships – can be disconcerting

The Singapore and Malaysia car retailer’s staying power stems from its management and people, says Wilfrid Foo

Most of its value resides in Jakarta-listed Astra International, while its own parent has secondary listing in Singapore

Its famous Mercedes-Benz dealerships in Singapore and Malaysia account for only 4 to 5% of the company’s total earnings

A transaction could value the business at US$250 million to US$350 million, say sources

Lee will vacate his current role as the company’s finance director but continue to serve as executive director

The board has proposed a final dividend of US$0.85 per share, up from US$0.84 previously

Astra International, which is 50.1% owned by the group, is expected to post consensus-beating earnings for FY2026, says DBS

Successor has not yet been named, but will be announced in due course.