KUALA LUMPUR (Sept 6): Cycle & Carriage Bintang Bhd (CCB) has submitted an application to Bursa Malaysia Securities Bhd for the proposed withdrawal of its listing on the local bourse.

In a filing with Bursa on Tuesday (Sept 6), the Mercedes-Benz dealer said the submission was made, following the closing of the unconditional voluntary takeover offer by Jardine Cycle & Carriage Ltd (Jardine CCL), which owned an 89.99% stake (90.66 million shares) in CCB as of Aug 25.

Jardine CCL made the bid to acquire the remaining 10.08 million ordinary shares in CCB for a cash consideration of RM2.70 per share on July 14.

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