Cycle & Carriage Bintang Bhd. (Malaysian Stock Exchange: 2925)


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Business Description
Cycle & Carriage Bintang Berhad (CCB) is engaged in the retailing of motor vehicles, sale of spare parts and servicing of vehicles. CCB operates in three segments: automobile industry, which includes retailing of motor vehicles, sales of spare parts and servicing of vehicles; investment, which include investment in Mercedes-Benz Malaysia Sdn Bhd, and Others includes property investment through an associated company, CCL Group Properties Sdn Berhad. The Company is the dealer of Mercedes-Benz vehicles in Malaysia and involved in both retail and after-sales service. Its subsidiaries include Ipoh Motors Sdn Berhad, Srisari Sdn. Bhd, Selecsama Sdn. Bhd., Lowe Motors Sdn. Bhd and Lowe Motors Sdn. Bhd. The ultimate holding companies of the Company are Jardine Cycle & Carriage Limited, and Jardine Matheson Holdings Limited. In August 2012, the Company announced that its 40%-owned associated company, CCL Group Properties Sdn Bhd and all its subsidiaries in Malaysia have been dissolved.