General Announcement::Increase of Shareholding in PT Tunas Ridean Tbk
Issuer & Securities
JARDINE CYCLE & CARRIAGE LIMITED
JARDINE CYCLE & CARRIAGE LTD - SG1B51001017 - C07
Date &Time of Broadcast
Announcement Sub Title
Increase of Shareholding in PT Tunas Ridean Tbk
Submitted By (Co./ Ind. Name)
Jeffery Tan Eng Heong
Description (Please provide a detailed description of the event in the box below)
Jardine Cycle & Carriage Limited ("JC&C") wishes to announce that it has today purchased in the market 30,000,000 shares of Rp100 each in PT Tunas Ridean Tbk at Rp1,200 per share for a total cash consideration of Rp36 billion (approximately US$2.7 million).
The additional shares have increased JC&C's shareholding in PT Tunas Ridean Tbk from 43.8% to 44.4%. The transaction is not expected to have a material effect on JC&C's net tangible assets or earnings per share for the financial year ending 31 December 2016.