Jardine said to explore sale of Jardine C&C car dealership in Malaysia and Singapore
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Jardine Matheson Group is exploring the sale of its car dealership in Malaysia and Singapore, with potential valuations between US$250 million to US$350 million. Jardine Cycle & Carriage is working with an adviser and has contacted potential buyers. The company, which holds 85% of Jardine C&C, has seen its shares rise 27% over the past year, giving it a market value of $12.8 billion. The outcome of the sale discussions remains uncertain, as deliberations are ongoing.
Source: Straitstimes The copyright of this article belongs to the original author/organization.
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