Jardine Matheson Holdings Ltd s businesses range from automobiles and hotels to supermarkets all around Asia.
SINGAPORE: Jardine Matheson Holdings Ltd on Monday said it plans to buy the remaining 15% of Jardine Strategic Holdings Ltd that it does not already own for about $5.5 billion to simplify the structure of the sprawling Asian conglomerate.
Singapore-listed Jardine Matheson, whose businesses include construction, aviation and automotive, has offered to pay $33 in cash for each Jardine Strategic share, representing a premium of 20% to the stock s closing price on Friday. This will result in a single holding company with a conventional ownership structure and a further increase in the group s operational efficiency and financial flexibility, it said in a statement.
Indonesia s rupiah leads Asian currencies lower as US Treasury yields rise theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
DIRECTOR DEALINGS: Unilever Directors Acquire GBP89,654 In Shares
Tue, 9th Feb 2021 17:52
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Tuesday and not separately reported by Alliance News:
Unilever PLC - London-based consumer goods producer - On Monday, Non-Executive Director Susan Kilsby purchases 1,000 shares at GBP40.03 each, worth GBP40,030. In addition Non-Executive Director John Rishton buys 1,256 shares at GBP39.51 per share, worth GBP49,624.
Tesco PLC - Welwyn Garden City, Hertfordshire-based supermarket chain - On Tuesday, Chief Customer Officer Alessandra Bellini sells 95,000 shares at GBP2.46 each, totalling GBP233,225.
River & Mercantile UK Micro Cap Investment Co Ltd - investment company - On Monday, Non-Executive Director Mark Hodgson sells 10,000 shares at GBP2.23 each, totalling GBP22,325.
BENGALURU (Jan 21): Indonesia s rupiah edged higher and shares fell after the country s central bank left interest rates unchanged, while South Korean and Taiwanese shares surged on strong export readings from both the tech-reliant economies.
Bank Indonesia (BI), which had cut borrowing costs five times last year to support a pandemic-hit economy, left its key policy rate at a record low of 3.75% and said the rupiah was still undervalued and had room to strengthen.
A majority of analysts in a Reuters poll had expected the central bank to keep rates steady to maintain an attractive interest rate differential on its high-yielding debt, given the recent rise in US bond yields.