Jardine Matheson Holdings Limited completed the acquisition of remaining 15.1% stake in Jardine Strategic Holdings Limited.
The transaction is subject to the following conditions being satisfied: the approval of the transaction by a majority vote of at least 75% of the votes cast by Jardine Strategic shareholders, all material consents, approvals and authorisations (if any) required from, and all material filings and registrations required to be made to, any regulatory authority in each case which is required for the transaction. Jardine Matheson Holdings Limited and Jardine Strategic Holdings Limited do not anticipate any regulatory clearances will be required to be obtained in order to effect the transaction. The transaction is unanimously approved by the transaction committee of Jardine Strategic Holdings Limited. The transaction was approved by the Board of Jardine Matheson Holdings Limited. As on April 12, 2021, the shareholders of Jardine Strategic Holdings Limited approved the transaction at a special general meeting. Transaction is expected to complete on April 14, 2021.
J.P. Morgan Securities plc, Simon Robertson Associates LLP and The Hongkong and Shanghai Banking Corporation Limited acting as financial advisors while Linklaters LLP acting as legal advisor to Jardine Matheson Holdings Limited. Evercore Partners International LLP is acting as financial advisor while Slaughter and May is acting as legal advisor to Jardine Strategic Holdings Limited. HSBC Bank Bermuda Limited acted as a financial advisor to Jardine Matheson Holdings Limited.
Jardine Matheson Holdings Limited (SGX:J36) completed the acquisition of remaining 15.1% stake in Jardine Strategic Holdings Limited (SGX:J37) on April 14, 2021.