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JCCL raises stake in CCB to 91%

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Bursa Securities will suspend the trading of the securities of CCB upon the expiry of five market days from the closing date of the unconditional voluntary offer on Aug 25, 2022 (unless extended), CCB said in a statement.

PETALING JAYA: Jardine Cycle & Carriage Ltd (JCCL) has raised its stake in Cycle & Carriage Bintang Bhd (CCB) to 91% of shares as of yesterday and now intend to proceed with measures to delist the counter.

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Bursa Securities will suspend the trading of the securities of CCB upon the expiry of five market days from the closing date of the unconditional voluntary offer on Aug 25, 2022 (unless extended), CCB said in a statement.

JCCL had tabled a RM2.70 per share offer to take the company private. According to listing rules, dissenting shareholders now have one month as of Friday to sell their shares to JCCL.


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