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Jardine Matheson buys more shares in Jardine Cycle & Carriage
It acquired 444,900 shares at $27.0006 apiece.
Jardine Matheson Holdings Limited, through its investment holding arm Jardine Strategic Singapore (JSS), bought additional shares from Jardine Cycle & Carriage (Jardine C&C).
In a regulatory filing, Jardine C&C said JSS bought 444,900 shares at $27.0006 per share on 12 June.
The purchase increased JSS' stake from 323.6m shares to 324.1m shares, which is around 82% of Jardine C&C’s stocks.
Before this, JSS has also made purchases totaling around 5m shares since January.
The largest acquisition was on 31 May when it bought 4.37m shares at $25.75 apiece.
Jardine Matheson expects its 2024 underlying profits to be "modestly" lower than in 2023 amidst current market conditions.
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