Market Chatter: Jardine Matheson Mulling Asset Disposal to Realign Strategic Goals

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Market Chatter: Jardine Matheson Mulling Asset Disposal to Realign Strategic Goals

MT Newswires05-29 13:16

Jardine Matheson (SGX:J36) is considering disposing of further assets as part of the conglomerate's strategy to focus on higher growth areas, according to a report by Bloomberg on Friday, citing people familiar with the matter.

One of the options on the table is the sale of an office tower in Hong Kong, after initially selling 13 floors to Alibaba Group (HKG:9988) and Ant Group in 2025 for HK$7.2 billion, the report said.

The company is also considering selling Hong Kong and Macau-based Mercedes-Benz dealership, Zung Fu, the report added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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