General Announcement::Privatisation of Cycle & Carriage Bintang via Selective Capital Reduction & Repayment Exercise
Issuer & Securities
JARDINE CYCLE & CARRIAGE LIMITED
JARDINE CYCLE & CARRIAGE LTD - SG1B51001017 - C07
Date &Time of Broadcast
Announcement Sub Title
Privatisation of Cycle & Carriage Bintang via Selective Capital Reduction & Repayment Exercise
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") refers to its announcement dated 11 November 2019 (the "Previous Announcement"). All capitalised terms used and not otherwise defined herein shall have the same meanings ascribed to them in the Previous Announcement.
Further to the Previous Announcement, JC&C wishes to inform that Cycle & Carriage Bintang Berhad ("CCB") has today announced on Bursa Securities, the notice of extraordinary general meeting of CCB and a circular to its shareholders in relation to the SCR Exercise (the "Circular").
CCB's extraordinary general meeting will be held on 11 February 2020 at 11.00a.m. for the purpose of seeking the approval of the CCB Entitled Shareholders for the SCR Exercise. The Circular contains, amongst others, the advice of the independent adviser to CCB's non-interested directors and the CCB Entitled Shareholders.
JC&C will make further announcements, as appropriate, to update the market.
For further information, please contact:
Jardine Cycle & Carriage Limited
Stephen Gore Tel: +65 6470 7300
Joey Ho Tel: +65 6470 8115