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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.
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.
This less power than other sibling .
:)
SmallSmall ( Date: 08-Mar-2021 09:01) Posted:
| JMH also owns 75% of Jardine C& C. Will this one be taken private as well? |
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JMH also owns 75% of Jardine C& C. Will this one be taken private as well?
Happy Lunar New Year to everyone here.. May Niu year brings good health not forgetting HUAT all the way to the banks..
Last:23.0 
+0.45
rally again
super boost!
recovery play
gd luck dyodd ozone2002 ( Date: 13-Jan-2021 10:52) Posted:
Last:22.48 +0.4
Huat all the way!
gd luck dyodd
ozone2002 ( Date: 23-Nov-2020 16:49) Posted:
Last:21.83 +0.96
power rally up more than 4%
gd luck dyodd |
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all the laggards are pulling up now, nice
Last:22.48 +0.4
Huat all the way!
gd luck dyoddozone2002 ( Date: 23-Nov-2020 16:49) Posted:
Last:21.83 +0.96
power rally up more than 4%
gd luck dyodd
ozone2002 ( Date: 26-Oct-2020 15:26) Posted:
Last:19.06 +0.15
crossed $19, bottomed out and ready to switch to rally mode
gd luck dyodd |
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Cont the momentum and fly up high!
Strong gapped up like the banks, enjoy ride.
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 )
Last:21.61 +0.83
nice run to the upside
recovery play
gd luck dyodd
Last:20.82 +0.99
indo context is tongkat ali
recovery play
gd luck dyodd
Eat viagra today ah ?
Reversal ?
Yes, this is 60ma, still weak.
19.41 seem to be a good support....
This fella so quiet these days... zzzzzz
Do u know how to trade / contra ?
Contratrader ( Date: 10-Dec-2020 11:22) Posted:
| Morning Lelong sale to 19.80 again..now 20.21...good for trading...Hosay !! |
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