SGX:C07Industrials
How Investors May Respond To Jardine Cycle & Carriage (SGX:C07) Expanding Sinotruk Dealership With Multi Ways
Multi Ways Holdings recently announced a past purchase of 62 Sinotruk vehicles worth about S$8.24 million and a one-year Sinotruk dealership agreement with Cycle & Carriage Ventures, a subsidiary of Jardine Cycle & Carriage, to expand its commercial vehicle offering in Singapore’s construction and logistics sectors.
This arrangement broadens Jardine Cycle & Carriage’s commercial vehicle reach and creates an additional sales channel that could deepen its presence in Singapore’s...