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Jardine Matheson bought shares of Jardine C&C amid unusual trading query

The Edge Singapore
The Edge Singapore4/21/2022 05:26 PM GMT+08  • 2 min read
Jardine Matheson bought shares of Jardine C&C amid unusual trading query
Jardine House in Hong Kong / Bloomberg
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Jardine Matheson, the controlling shareholder of Jardine Cycle & Carriage, has bought 80,000 shares today in a married deal at the "prevailing market price", says the subsidiary company.

Jardine Cycle & Carriage, also a component stock of the Straits Times Index, was responding to a query from the Singapore Exchange for unusual trading activity earlier in the day of April 21.

"We understand that that purchase did not trigger any disclosure obligations by them, and hence, no disclosure was made. We do not believe the fact of this purchase is in and of itself material non-public information requiring disclosure by Jardine C&C," the company adds.

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