Jardine C&C
Shedding the iconic ‘Cycle & Carriage’ will be a loss – but perhaps a necessary one for Jardine
Its famous Mercedes-Benz dealerships in Singapore and Malaysia account for only 4 to 5% of the company’s total earnings
Jardine C&C said to explore sale of car dealership in Malaysia and Singapore
A transaction could value the business at US$250 million to US$350 million, say sources
Jardine Cycle & Carriage appoints Freddy Lee as CEO from May 1
Lee will vacate his current role as the company’s finance director but continue to serve as executive director
Jardine Cycle & Carriage H2 profit up 36% despite revenue falling 9%
The board has proposed a final dividend of US$0.85 per share, up from US$0.84 previously
DBS initiates coverage on Jardine C&C with ‘buy’ on ‘strategic exposure’ to Vietnam, Indonesia
Astra International, which is 50.1% owned by the group, is expected to post consensus-beating earnings for FY2026, says DBS
Jardine C&C group MD Benjamin Birks to step down in April
Successor has not yet been named, but will be announced in due course.
Jardine C&C posts improvements in non-Astra businesses for 9M 2025
It expects its full-year underlying profit to be ‘broadly similar’ to that of 2024
Jardine C&C’s Astra posts 9-month net income slide of 6% to 24.7 trillion rupiah
Net revenue is down 1% at 243.6 trillion rupiah
Former OCBC CEO Samuel Tsien appointed as new Jardine C&C independent chairman
He will be the first to assume this role in the company
Jardine C&C goes for gold with US$540 million Indonesian gold mine buy
Astra International will acquire Arafura Surya Alam through two of United Tractors’ wholly-owned units
