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Jardine Matheson ups stake in Jardine Cycle & Carriage, buying 150,400 shares at $26.46 apiece

Felicia Tan
Felicia Tan • 1 min read
Jardine Matheson ups stake in Jardine Cycle & Carriage, buying 150,400 shares at $26.46 apiece
Following the purchase, Jardine Matheson Holdings has a deemed interest of 79.017% in Jardine Cycle & Carriage.
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Jardine Matheson Holdings, through Jardine Strategic Singapore (JSS), has bought 150,400 shares in Jardine Cycle & Carriage C07 -

from the market at $26.4576 apiece.

The purchase was conducted on April 23 for a total consideration of $3.98 million.

Following the purchase, Jardine Matheson Holdings J36 -

has a deemed interest of 79.017% in Jardine Cycle & Carriage, up from 78.979% previously.

For the FY2023 ended Dec 31, 2023, Jardine Cycle & Carriage reported earnings of US$1.22 billion ($1.65 billion), 64% higher y-o-y. Earnings per share (EPS) also rose by 64% y-o-y to US$3.08 for the year.

Shares in Jardine Cycle & Carriage closed 26 cents lower or 0.98% down at $26.38 on April 24.

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