Deliberations are ongoing and might not result in a sale, the people said.
(May 8): A unit of Jardine Matheson Group is considering selling its car dealership in Malaysia and Singapore, people familiar with the matter said.
Singapore-listed Jardine Cycle & Carriage Ltd is working with an adviser on a possible sale of the dealership and has reached out to potential buyers, the people said, asking not to be identified because the information is private. A transaction could value the business at US$250 million ($317.19 million) to US$350 million, they said.
