Brief: Jardine Cycle & Carriage Updates On Voluntary Take-Over Offer For Cycle & Carriage Bintang Shares
17/03/2021 13:54
March 17 (Reuters) - Jardine Cycle & Carriage Ltd JCYC.SI :
* UPDATES ON VOLUNTARY TAKE-OVER OFFER FOR CYCLE & CARRIAGE
BINTANG BERHAD SHARES
* SUBMITTED A NOTICE OF UNCONDITIONAL VOLUNTARY TAKE-OVER
OFFER TO
BOARD OF CYCLE & CARRIAGE BINTANG
* TOTAL CONSIDERATION FOR OFFER SHARES WILL BE APPROXIMATELY
98.9
MILLION RGT
* OFFER WILL BE FUNDED THROUGH INTERNAL RESOURCES AND/OR
EXTERNAL
BORROWINGS
* UNDER OFFER, JC&C WILL SEEK TO BUY ALL REMAINING ORDINARY
SHARES
OF CCB NOT ALREADY HELD BY IT FOR RM2.40 PER SHARE
Source text for Eikon: urn:newsml:reuters.com:*:nSN2bmd4l
Further company coverage: JCYC.SI
((Reuters.Briefs@thomsonreuters.com;))
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