Jardine Strategic

[winston]

not vested

BRIEF-Jardine Strategic Holdings Says Group Will Report A Substantial Loss For 2020 Full Year

Nov 5 (Reuters) - Jardine Strategic Holdings Ltd :

* GROUP WILL REPORT A SUBSTANTIAL LOSS FOR 2020 FULL YEAR
* Q3 UNDERLYING NET PROFITS DOWN VERSUS Q3 2019; PERFORMANC EEXPECTED TO REMAIN WEAK FOR REMAINDER OF YEAR

Source: Reuters

[winston]

not vested

Jardine Matheson Holdings to acquire remaining stake in Jardine Strategic for US$5.5 bil; Jardine Strategic shareholders to receive US$33 per share

by Atiqah Mokhtar

Under the terms of to the acquisition, Jardine Matheson intends to cancel Jardine Strategic's 59% shareholding in Jardine Matheson.

Source: The Edge

https://www.theedgesingapore.com/news/c ... ke-jardine

[winston]

not vested

Jardine minority shareholders oppose US$1 billion 'discount' in buyout plan

Jardine Matheson on Monday (March 8) said it planned to acquire the 15 per cent of Jardine Strategic it doesn't own for US$5.5 billion in cash, representing US$33 per share.

While the amount is at a 20 per cent premium to Friday's closing price of Jardine Strategic, it's a discount of at least 20 per cent to the value of the company's listed assets, according to Justin Tang, head of Asian research for United First Partners, which advises investors who hold some 2 million of the firm's shares.

Still, the minority investors do not have a strong bargaining position. The two companies' incorporation and listing arrangement allows Jardine Matheson to vote in the acquisition, and its shareholdings of 85 per cent are more than the 75 per cent approval required for the buyout to pass.

Source: Straits Times

https://www.straitstimes.com/business/c ... uyout-plan

[behappyalways]

Jardine deal goes through; dissenting votes largely from new shareholders, company claims
https://www.theedgesingapore.com/news/c ... rs-company