Jardine Cycle & Carriage Completes Partial Divestment of Vinamilk Stake
Jardine Cycle & Carriage Limited Completes Partial Divestment of Vinamilk Stake
Key Highlights for Investors
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Completion of Partial Sale: Jardine Cycle & Carriage Limited (“JC&C”) has completed the partial divestment of its investment in Vietnam Dairy Products Joint Stock Company (“Vinamilk”) through its wholly-owned subsidiary, Platinum Victory Pte. Ltd. (“PVPL”).
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Transaction Details: The transaction was executed via the HOSE trading system in accordance with the terms of the Sale and Purchase Agreement (SPA).
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Remaining Shareholding: Following the sale, PVPL retains a 6.02% shareholding in Vinamilk.
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Impact on Investment Portfolio: The group’s aggregate cost of investment in quoted securities has decreased from US\$807.4 million to US\$579.2 million.
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Proportion of Net Tangible Assets (NTA): The aggregate cost of investment in quoted securities as a percentage of JC&C’s latest audited consolidated NTA has reduced from 10.7% to 7.7%, based on an NTA of US\$7,570.7 million as at 31 December 2024.
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Valuation and Provision: There has been no provision for diminution in value of investment in quoted securities; both the cost and market value figures remain the same.
Important Information for Shareholders
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Strategic Portfolio Rebalancing: The completion of the partial divestment signals a strategic move by JC&C to rebalance its investment portfolio. The reduction in exposure to Vinamilk may impact expectations regarding future income from this asset and could alter the group’s risk profile.
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Potential Share Price Impact: As this transaction involves a significant reduction in the group’s investment in a major regional asset (Vinamilk), it may be viewed as price-sensitive information. Investors should take note of potential implications for JC&C’s future earnings, asset allocation, and capital deployment strategies.
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Financial Ratios and Flexibility: The reduction in quoted securities as a percentage of NTA provides JC&C with enhanced balance sheet flexibility and may create opportunities for redeployment of capital into other strategic investments or returning value to shareholders.
Detailed Financial Metrics
| Metric |
Before Sale |
After Sale |
| Aggregate Cost of Quoted Securities (US\$ million) |
807.4 |
579.2 |
| Aggregate Cost as % of NTA |
10.7% |
7.7% |
| Total Market Value of Quoted Securities (US\$ million) |
807.4 |
579.2 |
| Provision for Diminution in Value (US\$ million) |
– |
– |
| Audited Consolidated NTA (US\$ million, as at 31 Dec 2024) |
7,570.7 |
Contact Information
Jardine Cycle & Carriage Limited
Company No.196900092R
239 Alexandra Road, Singapore 159930
Tel: (65) 6473 3122
Fax: (65) 6475 7088
Email: [email protected]
Disclaimer
This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should conduct their own due diligence and consult their financial advisors before making any investment decisions. The information has been compiled from JC&C’s public disclosures and is believed to be accurate at the time of publication, but no warranty is given as to its accuracy or completeness.
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