{
  "id": 2449952,
  "title": "Hong Kong billionaire Keswick clan’s Jardine C&C to sell Singapore, Malaysia car dealerships to Indonesian tycoon’s firm",
  "url": "https://urgent.news/2026/08/21/hong-kong-billionaire-keswick-clans-jardine-c-c-to-sell-singapore",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-21T23:10:34.000Z",
  "source": {
    "name": "VnExpress Business",
    "slug": "vnexpress-business",
    "url": "https://e.vnexpress.net/news/business/companies/hong-kong-billionaire-keswick-clan-s-jardine-c-c-to-sell-singapore-malaysia-car-dealerships-to-indonesian-tycoon-s-firm-5111773.html"
  },
  "original_language": "en",
  "account": "Hong Kong-based billionaire Keswick clan's Jardine C&C, dating back to 1899, is planning to sell its automotive dealerships in Singapore and Malaysia to Indonesian tycoon Chandra Asri's firm, CCHPL Holdings. This proposed deal, subject to approval, includes trademarks and associated assets in Singapore, Malaysia, and Myanmar. Chandra Asri Group, which is focused on energy, chemicals, and infrastructure solutions in Southeast Asia, aims to complement its existing operations in Singapore with the acquisition. The deal is expected to yield approximately US$221 million for Jardine C&C, as it focuses on its core markets of Indonesia and Vietnam. The Keswick family owns roughly 86% of Jardine C&C, which operates six facilities in Singapore and handles brands such as Mercedes-Benz, Kia, and Mitsubishi. Chandra Asri Group, led by Erwin Ciputra and presided over by Pangestu, is set to enter the automotive sector, building on its success in energy, chemicals, and infrastructure.",
  "summary": "Jardine Cycle & Carriage, controlled by Hong Kong billionaire Keswick family’s group, is selling its car dealership business in Malaysia and Singapore to Indonesian tycoon Prajogo Pangestu’s Chandra Asri Pacific for S$265 million (US$208 million).",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Hong Kong’s student housing crisis spurs bank lending boom",
        "url": "https://urgent.news/2026/08/20/hong-kongs-student-housing-crisis-spurs-bank-lending-boom",
        "published": "2026-08-20T04:45:10.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "China, Hong Kong stocks rise on healthcare, tech advance",
        "url": "https://urgent.news/2026/08/20/china-hong-kong-stocks-rise-on-healthcare-tech-advance",
        "published": "2026-08-20T05:50:13.000Z"
      },
      {
        "outlet": "VnExpress International",
        "title": "Singapore answers Hong Kong's tax cut with tax-free profits, multi-employer visa",
        "url": "https://urgent.news/2026/08/20/singapore-answers-hong-kongs-tax-cut-with-tax-free-profits-multi",
        "published": "2026-08-20T13:00:00.000Z"
      },
      {
        "outlet": "Quartz",
        "title": "Shein is pushing back its Hong Kong IPO debut as investor appetite wanes",
        "url": "https://urgent.news/2026/08/20/shein-is-pushing-back-its-hong-kong-ipo-debut-as-investor-appetite",
        "published": "2026-08-20T17:20:29.000Z"
      }
    ]
  },
  "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."
}