---
title: "Talent is the company strength, ‘shareholder change is not a new thing’: Cycle & Carriage MD"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287454013.md"
description: "Wilfrid Foo, MD of Cycle & Carriage, emphasizes the company's independence amid sale rumors, stating that shareholder changes are common. He highlights the strength of the management team and asserts that they have full autonomy in investment and operational decisions, despite Jardine Cycle & Carriage being the majority shareholder."
datetime: "2026-05-24T08:03:09.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287454013.md)
  - [en](https://longbridge.com/en/news/287454013.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287454013.md)
generator: "portal-rs"
---

# Talent is the company strength, ‘shareholder change is not a new thing’: Cycle & Carriage MD

\[SINGAPORE\] Right off the bat, the head of automobile distributor Cycle & Carriage (C&C) Wilfrid Foo is keen to emphasise the independent nature of the company amid rumours of its impending sale.

“Shareholder change is not a new thing. The strength of this organisation lies in the endurance of its management team,” he told *The Business Times* in an interview.

“Our majority shareholder is Jardine Cycle & Carriage (JC&C), but we are C&C Singapore and Malaysia… I want people to know that we have full independence to make investment and operational decisions.”

### Related Stocks

- [C07.SG](https://longbridge.com/en/quote/C07.SG.md)

## Related News & Research

- [Jardine Cycle & Carriage to sell Singapore and Malaysia dealership businesses to Indonesia’s Chandra Asri](https://longbridge.com/en/news/296550263.md)
- [Chandra Asri publishes transcript of investor, analyst briefing on M&A update](https://longbridge.com/en/news/296767746.md)
- [Stocks to watch: Jardine Cycle & Carriage, Creative Technology, CNMC Goldmine](https://longbridge.com/en/news/296548965.md)
- [Sleep Cycle schedules Q2 interim report webcast presentation](https://longbridge.com/en/news/296747794.md)
- [Jardine Cycle & Carriage lifts Republic Auto stake to 100% in USD 61 million deal](https://longbridge.com/en/news/294343694.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**