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Jardine C&C
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Jardine C&C
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Joelton
Supreme |
18-Mar-2021 09:25
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Jardine Cycle & Carriage makes buyout offer for Cycle & Carriage Bintang
JARDINE Cycle & Carriage has made an unconditional voluntary buyout offer of Bursa-listed Cycle & Carriage Bintang (CCB), a Mercedes-Benz dealer with a network of 12 outlets in Malaysia.
 
The company listed in Singapore stated in a regulatory filing to the Singapore Exchange on Wednesday that it holds 59.1 per cent of the issued share capital of CCB, and is offering to acquire the stakes that it does not own at RM 2.40 (S$0.78) a share or RM 98.9 million in total if there is full acceptance.
 
The March 16 closing price of CCB, retails vehicles and provides after-sales services in Malaysia, was RM1.68.
 
The acquisition will be funded through internal resources and/or external borrowings, and is not expected to have a material impact on the Jardine Cycle & Carriage Group' s net tangible assets or earnings per share.
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lsyiat
Veteran |
18-Mar-2021 08:49
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Cycle & Carriage Bintang Bhd' s (CCB)* largest shareholder Jardine Cycle & Carriage Ltd (Jardine CCL) has made a fresh bid to privatise the country' s largest dealer of Mercedes-Benz at RM2.40 per share. The offer is higher by 72 sen or 42.86% to CCB' s closing price today of RM1.68, and is higher by between 44.56% and 65.12% to the volume weighted average market price of the shares within a five-day to a one-year period. | ||||
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des_khor
Supreme |
08-Mar-2021 15:22
Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
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This less power than other sibling . | ||||
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SmallSmall
Supreme |
08-Mar-2021 13:42
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:)
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SmallSmall
Supreme |
08-Mar-2021 09:01
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JMH also owns 75% of Jardine C& C. Will this one be taken private as well? | ||||
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newbie19
Supreme |
11-Feb-2021 18:35
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Happy Lunar New Year to everyone here.. May Niu year brings good health not forgetting HUAT all the way to the banks.. | ||||
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ozone2002
Supreme |
21-Jan-2021 15:06
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Last:23.0        +0.45rally again super boost! recovery play  gd luck dyodd 
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oli007
Member |
13-Jan-2021 12:56
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all the laggards are pulling up now, nice | ||||
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ozone2002
Supreme |
13-Jan-2021 10:52
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Last:22.48        +0.4Huat all the way! gd luck dyodd
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MrHongJin
Member |
13-Jan-2021 10:48
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Cont the momentum and fly up high! | ||||
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Ipoh123
Senior |
12-Jan-2021 08:17
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Strong gapped up like the banks, enjoy ride. | ||||
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MrHongJin
Member |
11-Jan-2021 17:09
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2 days in a row very nice run up. Pulling off a good job despite dow future red now. Let' s see tmr, testing the Nov' s high of 22.15 ) | ||||
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ozone2002
Supreme |
11-Jan-2021 09:33
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Last:21.61        +0.83nice run to the upside recovery play gd luck dyodd |
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ozone2002
Supreme |
08-Jan-2021 15:17
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  Last:20.82        +0.99indo context is tongkat ali recovery play gd luck dyodd |
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des_khor
Supreme |
08-Jan-2021 14:50
Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
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Eat viagra today ah ? | ||||
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des_khor
Supreme |
04-Jan-2021 19:57
Yells: "Tell me who is God or Market Fortune Teller in this forum ??" |
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Reversal ? | ||||
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Ipoh123
Senior |
30-Dec-2020 16:44
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Yes, this is 60ma, still weak. | ||||
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Atasp65
Member |
30-Dec-2020 16:34
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19.41 seem to be a good support.... | ||||
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satruz
Master |
30-Dec-2020 16:09
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This fella so quiet these days... zzzzzz | ||||
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uiop1223
Supreme |
11-Dec-2020 11:57
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Do u know how to trade / contra ?
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