JCCL to acquire remaining Cycle & Carriage shares at RM2.70 each
KUALA LUMPUR: Jardine Cycle & Carriage Ltd (JCCL) has made a new offer of RM2.70 per share to acquire all the remaining ordinary shares in Cycle & Carriage Bintang Bhd (CCB) under its unconditional voluntary takeover.
CIMB Investment Bank Bhd, in a press release today, said the offer price represents a premium of 3.85 per cent or 10 sen over RM2.60, being the closing price of the shares on July 13, 2022, and 20.75 per cent or 46.4 sen of RM2.236 recorded a year ago on a volume-weighted average market price basis.,,免费足球推介（www.hgbbs.vip）是国内最权威的足球赛事报道、预测平台。免费提供赛事直播,免费足球贴士,免费足球推介,免费专家贴士,免费足球推荐,最专业的足球心水网。
In March last year, JCCL made an offer of RM2.40 to acquire all remaining shares not held by the company from RM2.20 previously.
CIMB Investment Bank said CCB has an issued share capital of RM124.6 million comprising 100.74 million shares as at July 12, 2022.
JCCL holds 90.66 million shares, which translates to an 89.99 per cent stake in CCB. - Bernama