Jardine Matheson Holdings, through Jardine Strategic Singapore (JSS), has bought 150,400 shares in Jardine Cycle & Carriage C07 from the market at $26.4576 apiece.
The purchase was conducted on April 23 for a total consideration of $3.98 million.
Following the purchase, Jardine Matheson Holdings J36 has a deemed interest of 79.017% in Jardine Cycle & Carriage, up from 78.979% previously.
For the FY2023 ended Dec 31, 2023, Jardine Cycle & Carriage reported earnings of US$1.22 billion ($1.65 billion), 64% higher y-o-y. Earnings per share (EPS) also rose by 64% y-o-y to US$3.08 for the year.
Shares in Jardine Cycle & Carriage closed 26 cents lower or 0.98% down at $26.38 on April 24.
