{
  "id": 2268366,
  "title": "Jardine C&C selling Singapore, Malaysia dealerships to Indonesia’s Chandra Asri for US$221 million gain",
  "url": "https://urgent.news/2026/08/21/jardine-c-c-selling-singapore-malaysia-dealerships-to-indonesias",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-21T00:42:44.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/jardine-cc-selling-singapore-malaysia-dealerships-indonesias-chandra-asri-us221-million-gain"
  },
  "original_language": "en",
  "account": "Australian-owned Jardine Cycle & Carriage (Jardine C&C) has entered into a conditional agreement to sell its automotive distribution and retail operations in Singapore and Malaysia to Indonesia's Chandra Asri Pacific. The deal, valued at approximately S$265 million in cash, plus a S$333 million loan that will be novated to the buyer, is expected to generate a gain of around US$221 million for Jardine C&C. The transaction is anticipated to increase the company's net tangible asset per share by 2.4 percent, from US$19.70 to US$20.20, based on full-year 2025 financial figures. On a pro forma basis, earnings per share would rise by 20.8 percent, from US$2.52 to US$3.05, while excluding non-trading items, EPS would fall by 3.9 percent, from US$2.81 to US$2.70. Jardine C&C believes the sale will enable them to focus on their core markets of Indonesia and Vietnam while positioning Cycle & Carriage for continued success under its new owner.",
  "summary": "In addition to S$265 million sale price, S$333 million loan owed by JCC will be novated to buyer",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}