CCB proposing to withdraw from Bursa Securities listing

KUALA LUMPUR: Cycle & Carriage Bintang Bhd (CCB) has submitted an application to Bursa Malaysia Securities Bhd for the proposed withdrawal of its listing on Bursa Malaysia Securities.

In a filing with Bursa Malaysia today, the Mercedes-Benz dealer said the submission was made following the closing of the unconditional voluntary take-over offer by Jardine Cycle & Carriage Ltd (Jardine CCL), which owns an 89.99 stake (90.66 million shares) in CCB on Aug 25.

The latter had made the bid to acquire the remaining 10.08 million ordinary shares in CCB at a cash consideration of RM2.70 per share on July 14. - Bernama