JCNC:SP

Jardine Cycle & Carriage ("JC&C") started as the Federal Stores in 1899 in Kuala Lumpur, Malaysia. From a sundries store to selling motor vehicles, JC&C withstood the test of time - through the Great Depression, two World Wars, and the Asian and Global Financial crises. Today, we are a leading Singapore-listed company and a component stock on the Straits Times Index ("STI").

Over the years, JC&C has expanded its presence and is today an investment holding company partnering market leading Southeast Asian companies across six countries and eight sectors. We continue to remain deeply rooted in Southeast Asia where we have the proximity, management expertise, knowledge, relationships and a track record of delivering performance.

Learn more about the history of Jardine Cycle & Carriage here: 1899, The Cycle & Carriage Century

2024

Completed a public tender offer for REE. JC&C’s shareholding in REE now stands at 41.4%.

2023

Subscribed to a private placement by Truong Hai Group Corporation for a US$350 million convertible bond maturing in 2027.

2021

Truong Hai Auto Corporation restructured and renamed to Truong Hai Group Corporation

2019

JC&C celebrated its 120th anniversary
The Jardine Cycle & Carriage Scholarship was launched across five Southeast Asia countries.
Announced the completion of the public tender offer for shares in REE, increasing JC&C’s shareholding from 24.90% to 28.97%.
Incorporated a new wholly-owned subsidiary known as Cycle & Carriage Leasing (“CCL”) Pte Ltd.

2017

Acquired 10.0% in Vietnam Dairy Products Joint Stock Company (Vinamilk). Vinamilk is the leading dairy producer in Vietnam. The interest now stands at 10.6%.

2015

Raised US$749 million in a rights issue

2013

Established 60% joint-venture, Cycle & Carriage Automobile Myanmar (CCM).

2012

Acquired 10.24% interest in Refrigeration Electrical Engineering Corporation (REE), a diversified Vietnamese group. JC&C’s shareholding now stands at 41.4%.

2008

Acquired 20.5% interest in Truong Hai Auto Corporation (THACO). JC&C's interest now stands at 26.6%.

2005

Today, Astra is a diversified group with seven core businesses

2004

Acquired 37.4% interest in Tunas Ridean, one of the largest automotive dealer groups in Indonesia. The interest now stands at 49.9%.
Cycle & Carriage Limited was renamed Jardine Cycle & Carriage Limited following the integration into the Jardine Matheson Group in 2002.

2003

Cycle & Carriage Bintang (CCB) and Daimler AG jointly formed Mercedes-Benz Malaysia to distribute Mercedes-Benz vehicles in Malaysia.

1999

1995

The new headquarters for Cycle & Carriage was built at 239 Alexandra Road.

1977

Cycle & Carriage Bintang was listed on the Kuala Lumpur Stock Exchange.

1969

Cycle & Carriage was formed and listed on the Stock Exchange of Malaysia and Singapore.

1965

Cycle & Carriage opened its first assembly plant at Hillview Avenue, and Singapore produced its first Mercedes-Benz vehicle.

1951

Awarded the Mercedes-Benz franchise.

1926

The Cycle & Carriage Company (1926) was incorporated as a public company in Singapore.

1918

Cycle & Carriage was registered as a private limited liability company in the Federated Malay States.

1899

The Chua brothers opened the Federal Stores in Kuala Lumpur. Cycle & Carriage was formed on 15th June.