Chandra Asri targets S$265 million Cycle & Carriage auto business buyout in Singapore, Malaysia

Reuters2026/08/24 02:54

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PT Chandra Asri Pacific plans to fully acquire Cycle & Carriage’s Singapore and Malaysia automotive business from Jardine Matheson.
Estimated consideration set at S$265 million, with a maximum S$30 million earn-out tied to exceptional performance.
Transaction includes Cycle & Carriage trademark and other IP rights used across the Singapore, Malaysia, and Myanmar businesses.
Cycle & Carriage FY 2025 net profit contribution shown at S$63 million, with 1H 2026 book value and net tangible assets of S$370 million.
Deal terms include no consideration for a S$333 million non-cash legacy intra-group loan.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PT Chandra Asri Pacific Tbk published the original content used to generate this news brief on August 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Chandra Asri targets S$265 million Cycle & Carriage auto business buyout in Singapore, Malaysia

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