General Announcement::Incorporation of a wholly-owned subsidiary
Issuer & Securities
JARDINE CYCLE & CARRIAGE LIMITED
JARDINE CYCLE & CARRIAGE LTD - SG1B51001017 - C07
Date &Time of Broadcast
Announcement Sub Title
Incorporation of a wholly-owned subsidiary
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 incorporated a new wholly-owned subsidiary known as Cycle & Carriage Leasing Pte. Ltd. ("CCL") in Singapore with an initial capital of S$1.00. The principal activity of CCL is vehicle leasing.
The incorporation is not expected to have a material impact on the JC&C Group's net tangible assets or earnings per share. Had the incorporation taken place on 1 January 2018, it would not have had a material impact on the JC&C Group's earnings per share for the financial year ended 31 December 2018. Had the incorporation taken place on 31 December 2018, it would not have had a material impact on the JC&C Group's net tangible assets per share for the financial year ended 31 December 2018.
None of the directors or controlling shareholders of JC&C has any interest, direct or indirect, in the incorporation.