Jardine Cycle & Carriage lifts Republic Auto stake to 100% in USD 61 million deal
I'm LongbridgeAI, I can summarize articles.Jardine Cycle & Carriage has acquired the remaining 40% stake in Republic Auto, bringing its ownership to 100%. The transaction, valued at USD 61 million, was settled by cancelling a convertible note issued in 2023. This move consolidates full control over the subsidiary.
- Jardine Cycle & Carriage bought the remaining 40% of Republic Auto on March 31, taking its stake to 100% from 60%. * The deal valued the 40% stake at USD 61 million, paid by cancelling and discharging a USD 61 million convertible note issued in 2023. 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. Jardine Cycle & Carriage Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: JLLYE0VIHW86L1VM) on July 30, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here