Jardine Cycle & Carriage Limited (SGX:C07) acquired an additional 0.75% stake in PT Tunas Ridean Tbk (IDX:TURI) for IDR 54 billion on March 26, 2018. Jardine Cycle & Carriage Limited acquired 41.5 million shares at IDR 1300 per share in cash. Prior to the transaction, Jardine Cycle & Carriage Limited held 44.37% stake and after the transaction, Jardine Cycle & Carriage Limited holds 45.12% stake in PT Tunas Ridean Tbk. The transaction was funded through internal resources. The transaction is not expected to have any material impact on the earnings per share of Jardine Cycle & Carriage Limited.

Jardine Cycle & Carriage Limited (SGX:C07) completed the acquisition of an additional 0.75% stake in PT Tunas Ridean Tbk (IDX:TURI) on March 26, 2018.