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Singapore Malaysia Indonesia

Jardine Cycle & Carriage agrees to sell Malaysia, Singapore automotive businesses to Chandra Asri

Reported on August 21, 2026, Jardine Cycle & Carriage Ltd (JC&C) has agreed to sell its Cycle & Carriage automotive businesses in Malaysia and Singapore to Indonesia-listed Chandra Asri Group for SGD 265 million (approximately USD 207 million).
The transaction covers vehicle distribution and retail, after-sales suppo....

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