Jardine C&C completes rights issue

Successful completion of deal by Singapore-listed company may herald a more active M&A strategy as it diversifies away from auto business.
Long history oiling the wheels of Asian commerce
Long history oiling the wheels of Asian commerce

Jardine Cycle & Carriage, the Singapore-listed automotive subsidiary of Hong Kong conglomerate Jardine Matheson Group, has successfully completed a S$1 billion ($749 million) 1-for-9 rights issue.

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