In particular, the various measures to curb the spread of the Covid-19 pandemic have resulted in the temporary closure of many of its businesses. This has led to an adverse impact on the operations of many of its subsidiaries.
More companies in danger of default given higher leverage, weaker balance sheets and greater risk of liquidity crunch amid the pandemic
SINGAPORE (May 29): On April 27, Jardine Cycle & Carriage (Jardine C&C) sounded a rare warning to the market on its financial performance year to date. The conglomerate, which has interests in multiple businesses across South-east Asia, says it experienced “challenging trading conditions” in the first quarter of 2020 as a result of the novel coronavirus (Covid-19) pandemic.
