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
2021
Truong Hai Auto Corporation restructured its operations into five strategic business pillars and renamed to Truong Hai Group Corporation
2019
"The Jardine Cycle & Carriage Journey started In 1899. As we celebrated our 120th anniversary, we reaffirmed our commitment to grow with Southeast Asia"
The Jardine Cycle & Carriage Scholarship will fund over 60 students over 10 years and even more through an endowment scheme that runs in perpetuity.
Through a successful Public Tender Offer, JC&C increased its shareholding in REE to be 28.97%.
Cycle & Carriage Singapore expands and diversifies its automotive offerings to car rentals and fleet management.
2017
The investment in Vinamilk is aligned to JC&C's strategy of building a portfolio of market leading companies that provide products and services that meet the needs of Southeast Asia's urbanisation and its emerging middle class. JC&C's presence in Vietnam further expanded with the strategic stake in Vinamilk.
2015
JC&C successfully raised US$749 million from a fully subscribed rights issue.
2013
Cycle & Carriage Myanmar is JC&C's first venture into the country.
2012
REE was the first company to be listed on the Ho Chi Minh Stock Exchange. REE is involved in power and water utility infrastructure, real estate, and mechanical and electrical engineering services.
2008
THACO is the largest automotive company in Vietnam, manufacturing, assembling, distributing and retailing automotive vehicles. Today, THACO is a diversified group with participation in property development, agriculture and logistics.
2006
Learn more about Cycle & Carriage Singapore here
The state of the art facility is over 302,000 sf and has about 60 work bays.
2005
JC&C has been supporting the growth of Astra since 2000. Today, Astra is a diversified conglomerate with seven core businesses with a strong market presence in automotive.
2004
JC&C's presence in Indonesia deepened following the investment in Tunas Ridean, which is the second largest automotive dealer in Indonesia after Astra.
The name change recognises Cycle & Carriage’s operating history and firmly establishes Jardine Cycle & Carriage as part of the Jardine Matheson Group.
2003
Daimler AG exercised its call option for CCB's 49% interest in Mercedes-Benz Malaysia in 2018 and CCB ceased to hold shares in Mercedes-Benz Malaysia.
2002
Learn more about Jardine Matheson here
1999
Learn more about Cycle & Carriage's history here: 1899, The Cycle & Carriage Century
1995
This iconic building remains as Cycle & Carriage and Jardine Cycle & Carriage's headquarters today.
1992
The interests in MCL Land were subsequently divested to Hongkong Land in 2006.
1989
The interests were later divested in 1998.
1969
The reception for the S$241.65 million IPO was overwhelming with 73 times oversubscription.
1965
The plant has ceased operations in Singapore in the late 1970s and was developed into Hillview Villas in 1990, Cycle & Carriage's first residential property development.
1951
Cycle & Carriage was the first enterprise to represent the Mercedes-Benz brand in Southeast Asia. The first batch of six Mercedes-Benz cars arrived in Singapore in the same year.
1926
With this, the company moved its headquarters to Orchard Road and represented a number motor agencies.
1918
The end of the First World War provided an opportunity for Cycle & Carriage as there was a huge demand for motor cars. Cycle & Carriage registered as a private limited liability company in the Federated Malay States with $250,000 in registered capital.
1899
Federal Stores (which was later renamed Cycle & Carriage) was a merchant trading in nutmeg and sundry goods. Later, it sold bicycles and carriages before becoming the agent for a number of automotive brands.