Jardine unit lifts JC&C stake to 87% with 150,000-share purchase

JSS paid $27.0107 per share on 17 September, lifting its direct holding to 87.023%.

Jardine Strategic Singapore Pte Ltd (JSS), a unit of Jardine Matheson Holdings Limited, has increased its stake in Jardine Cycle & Carriage Limited (JC&C) by buying 150,000 shares at $27.0107 per share on 17 September.

The acquisition, done via market transaction, lifted JSS’s direct holding to 343,948,537 shares, or 87.023%, up from 86.986%, a regulatory filing showed.

The same increase was also disclosed as a deemed interest by four related entities: JSH Asian Holdings Limited, which directly holds JSS; Jardine Strategic Limited; JMH Investments Limited; and Jardine Matheson Holdings Limited, the ultimate parent company.

All five entities filed notice of the change and classified it as a change in percentage interest whilst remaining a substantial shareholder, rather than a new or exiting position.

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