Along with subsidiaries, the Company operates its business through the following segments: Jardine Pacific, Jardine Motors, Jardine Lloyd Thompson, Hongkong Land, Dairy Farm, Mandarin Oriental, Jardine Cycle & Carriage and Astra. The period of the proxy battle coincided with the beginning of Jardine’s extremely profitable long-term investments into Southeast Asia as it acquired control of Singapore-based Cycle & Carriage which acquired control during the same period of Astra International, an Indonesian conglomerate. It develops residential property for sale in China and Southeast Asia. This has been achieved while, at the same time, maintaining Jardine Matheson's financial strength and funding capacity. The majority of its business interests are in Asia, and its subsidiaries include Jardine Pacific, Jardine Motors, Hongkong Land, Jardine Strategic Holdings, Dairy Farm, Mandarin Oriental Hotel Group, Jardine Cycle & Carriage and Astra International. Nothing on this website constitutes, or is meant to constitute, advice of any kind. Change ), You are commenting using your Facebook account. Dairy Farm is a leading pan-Asian retailer that operates under a number of well-known brands across five divisions, being Food (including Grocery Retail and Convenience Stores), Health and Beauty, Home Furnishings, Restaurants and Other Retailing. Fintel® is a registered trademark. Jardine Matheson provides services to JSH owns about 80% of its stock. VGTSX - Vanguard Total International Stock Index Fund Investor Shares, VEIEX - Vanguard Emerging Markets Stock Index Fund Investor Shares, VTRIX - Vanguard International Value Fund Investor Shares, NEWFX - NEW WORLD FUND INC Class A, AEPGX - EUROPACIFIC GROWTH FUND Class A, GBLAX - AMERICAN FUNDS GLOBAL BALANCED FUND Class A, IEMG - iShares Core MSCI Emerging Markets ETF, PRMSX - T. Rowe Price Emerging Markets Stock Fund, LZOEX - Lazard Emerging Markets Equity Portfolio Open Shares, and HLMEX - Harding Loevner Institutional Emerging Markets Portfolio Institutional. Jardine presents significant challenges for accountants and analysts. Jardine Strategic remained public, the holding company discount was never removed, but anybody who held Jardine Strategic (or Jardine Matheson) for the past two decades enjoyed a very high return. On completion of the deal, Jardine Matheson will become the single holding company for its subsidiaries, a move the group’s Monday statement said will result in a “conventional ownership structure and a further increase in the group’s operational efficiency and financial flexibility.” The deal is expected to come into effect by the end of April. The deal is expected to be completed by the end of April. The company placed orders for open market purchase of 10% of the shares of HongKong Land (bringing its ownership over 40%) while HongKong Land simultaneously placed orders to buy 10% of Jardines (bringing its ownership over 30%). Change ), You are commenting using your Twitter account. Business deals Jardine Matheson to consolidate group structure in $5.5bn deal. JMHLY The Keswick family stake in Jardine Matheson is still relatively small, but … The acquisition is valued at approximately US$5.5 billion. During the 1970s several prominent colonial peers were taken over by local tycoons willing to bet more aggressively on the territory’s future prosperity. - JARDINE Cycle & Carriage (Jardine C&C) has appointed Benjamin Birks its new group managing director to take over Alex Newbigging, who is stepping down after more than seven years at the helm. Fintel currently tracks over 9500 funds and over 63,000 securities traded worldwide. Red rows indicate closed positions. It has primary listing on the London Stock Exchange and secondary listings on the Singapore Exchange and Bermuda Stock Exchange. One of Hong Kong’s oldest business empires, Jardine Matheson, has announced plans for a sweeping restructuring that is expected to sharply increase its market . index funds and other passive investors. It will buy up the rest of Jardine Strategic to create a single holding company Change ), You are commenting using your Google account. Wary that Chinese control of Hong Kong from 1997 could facilitate a hostile takeover, Jardine moved the domiciles for its major businesses to Bermuda in the 1980s and the primary listing of its group companies to London in 1994 with secondary listings in Bermuda and Singapore (where the majority of trading occurs). Upgrade to unlock premium data and export to Excel . Fund Class 1 Shares, DGLAX - BNY Mellon Global Stock Fund Class A, FSPSX - Fidelity International Index Fund, VGLAX - Voya International High Dividend Low Volatility Fund Class A, FEM - First Trust Emerging Markets AlphaDEX Fund, NEKIX - Nuveen Emerging Markets Equity Fund Class I, EDOG - ALPS Emerging Sector Dividend Dogs ETF, SPDW - SPDR(R) Portfolio Developed World ex-US ETF, AVDEX - Avantis International Equity Fund Institutional Class, UEMPX - UBS Emerging Markets Equity Opportunity Fund CLASS P, GLTAX - Invesco Global Targeted Returns Fund Class A, RBB FUND, INC. - Aquarius International Fund, SSKEX - State Street Emerging Markets Equity Index Fund Class K, CEFA - Global X S&P Catholic Values Developed ex-U.S. ETF, THRIVENT SERIES FUND INC - Thrivent Partner Emerging Markets Equity Portfolio Class A, DEMAX - Delaware Emerging Markets Fund Class A, EITEX - Parametric Tax-Managed Emerging Markets Fund Institutional Class, SFGIX - Seafarer Overseas Growth and Income Fund Investor, DFCEX - Emerging Markets Core Equity Portfolio - Institutional Class, FSAMX - Strategic Advisers Emerging Markets Fund, PXF - Invesco FTSE RAFI Developed Markets ex-U.S. ETF, NMMEX - Active M Emerging Markets Equity Fund, SCHE - Schwab Emerging Markets Equity ETF, SAAAX - SIMT MULTI-ASSET ACCUMULATION FUND Class F, GAIGX - Gamco International Growth Fund, Inc Class A, VPACX - Vanguard Pacific Stock Index Fund Investor Shares, JPMORGAN INSURANCE TRUST - JPMorgan Insurance Trust Global Allocation Portfolio Class 1, BlackRock Funds II - BlackRock Dynamic High Income Portfolio Investor A, DWGAX - AMERICAN FUNDS DEVELOPING WORLD GROWTH & INCOME FUND Class A, JXBAX - JPMorgan Access Balanced Fund Class A, GDMIX - Lazard Global Dynamic Multi-Asset Portfolio Institutional Shares, JHAAX - Multi-Asset Absolute Return Fund Class A, VARIABLE INSURANCE PRODUCTS FUND II - International Index Portfolio Initial Class, VCSOX - International Socially Responsible Fund, IDEV - iShares Core MSCI International Developed Markets ETF, PENN SERIES FUNDS INC - Developed International Index Fund, DAEMX - Dunham Emerging Markets Stock Fund Class A, HMIRX - Hartford Multifactor International Fund Class R3, HIEIX - Federated Hermes International Equity Fund Institutional Shares, SUNAMERICA SERIES TRUST - SA International Index Portfolio Class 1, CRBN - iShares MSCI ACWI Low Carbon Target ETF, VMNVX - Vanguard Global Minimum Volatility Fund Admiral Shares, EQ ADVISORS TRUST - EQ/International Managed Volatility Portfolio Class IB, LINCOLN VARIABLE INSURANCE PRODUCTS TRUST - LVIP SSGA International Index Fund Standard Class, TBHDX - Tweedy, Browne Worldwide High Dividend Yield Value Fund, FSKLX - Fidelity SAI International Low Volatility Index Fund, GAOAX - JPMorgan Global Allocation Fund Class A, VTMGX - Vanguard Developed Markets Index Fund Admiral Shares, SSGVX - State Street Global Equity ex-U.S. Index Portfolio State Street Global All Cap Equity ex-U.S. Index Portfolio, IEMFX - T. Rowe Price Institutional Emerging Markets Equity Fund, DFA INVESTMENT DIMENSIONS GROUP INC - World ex U.S. A diversified business that has compounded equity value at 20% per year since 2003 and is priced at these levels is an extremely attractive investment. Information includes fund holdings, fund sentiment, financial data, and regulatory filings (including SEC, LSE, ASX, and SGX). In 2000-2001 Brandes Investment Partners launched proxy fights to force Jardine Matheson to privatize Jardine Strategic (at a proposed price between US$4.25-5.25share). © 2015-2020 Fintel Ventures LLC. It provides an opportunity to profit from a post-COVID recovery over 1-3 years and then long-term participation in growing markets over 5-10 years. Investors are encouraged to check all of the key facts cited here from SGX regulatory filings and other sources prior to making any investment decisions. Message Board data supplied by SiliconInvestor . It worked out pretty well ;). One of Hong Kong’s oldest business empires, Jardine Matheson, has announced plans for a sweeping restructuring that is expected to sharply increase its market value but could expose it to hostile bids. "Total shares owned" is a flawed measure of institutional sentiment, because it include shares owned by Get a better sense of institutional sentiment with Put/Call ratios. Detail on NP filings require a premium membership. If the Keswick control of the consolidated equity passed 30% then their benefit from the current dual holding company structure would diminish. On completion, Jardine Matheson will become the single holding company for its subsidiaries, a move the group said will result in a “ conventional ownership structure and a … It’s possible that change could result from disputes within the Keswick family, between the beneficiaries of the family trusts, or within the board of Directors that break the current structure of control. The cross-holding structure, in which Jardine Strategic also holds 59% of Jardine Matheson, allows the family dominating influence over the group despite a relatively small stake. The Company and its subsidiaries provide services in the fields of … It’s an international partner for local Asian firms that benefit from access to capital and expertise. ( Log Out / It s… JARLF, 2019-07-10 businesstimes.com.sg JMHLY Jardine Matheson Holdings Ltd on Monday said it plans to buy the remaining 15% of Jardine Strategic Holdings Ltd that it does not already own for about $5.5 billion to simplify the structure … Pages 7 Ratings 100% (1) 1 out of 1 people found this document helpful; This preview shows page 5 - 7 out of 7 pages. Uploaded By gnikhil. The move will result in a "conventional ownership structure and a further increase in the group's operational efficiency and financial flexibility". Core Equity Portfolio Institutional Class Shares, ECOW - Pacer Emerging Markets Cash Cows 100 ETF, STATE STREET MASTER FUNDS - State Street International Developed Equity Index Portfolio, MXENX - Great-West Emerging Markets Equity Fund Institutional Class, RNEM - Emerging Markets Equity Select ETF, Dfa Investment Trust Co - The Emerging Markets Series, MEVIX - Lazard Managed Equity Volatility Portfolio Institutional Shares, DSTX - Distillate International Fundamental Stability & Value ETF, FIONX - Fidelity SAI International Index Fund, Brighthouse Funds Trust I - SSGA Emerging Markets Enhanced Index Portfolio Class B, FPADX - Fidelity Emerging Markets Index Fund, BBIN - JPMorgan BetaBuilders International Equity ETF, QEFA - SPDR MSCI EAFE StrategicFactors ETF, BBAX - JPMorgan BetaBuilders Developed Asia ex-Japan ETF, VGTSX - Vanguard Total International Stock Index Fund Investor Shares, JOHN HANCOCK VARIABLE INSURANCE TRUST - Emerging Markets Value Trust Series I, DFBCX - Delaware Strategic Allocation Fund CLASS C, Voya Global Advantage & Premium Opportunity Fund, PACIFIC SELECT FUND - PD Emerging Markets Portfolio Class P, RODE - Hartford Multifactor Diversified International ETF, GIDHX - Goldman Sachs International Equity Dividend and Premium Fund Institutional, PBDM - Invesco PureBeta FTSE Developed ex-North America ETF, Brighthouse Funds Trust I - AB Global Dynamic Allocation Portfolio Class B, TLTE - FlexShares Morningstar Emerging Markets Factor Tilt Index Fund, Tax-Managed International Equity Portfolio - Tax-Managed International Equity Portfolio, BNIEX - UBS International Sustainable Equity Fund CLASS A, FNDE - Schwab Fundamental Emerging Markets Large Company Index ETF, QEMM - SPDR MSCI Emerging Markets StrategicFactors ETF, MEMKX - BNY Mellon Emerging Markets Fund Class M Shares, GGMBX - Goldman Sachs Global Managed Beta Fund Institutional Shares, DELPX - Macquarie Labor Select International Equity Portfolio DPT CLASS, ACSG - Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF, QLVD - FlexShares Developed Markets ex-US Quality Low Volatility Index Fund, MASTER INVESTMENT PORTFOLIO - Total International ex U.S. Index Master Portfolio, EMFM - Global X MSCI Next Emerging & Frontier ETF, GMWEX - GuideMark(R) World ex-US Fund Service Shares, FLSP - Franklin Liberty Systematic Style Premia ETF, VIHAX - Vanguard International High Dividend Yield Index Fund Admiral Shares, BlackRock Variable Series Funds, Inc. - BlackRock Global Allocation V.I. Fill in your details below or click an icon to log in: You are commenting using your WordPress.com account. Click the link icon to see the full transaction history. Change ). Fintel makes no representations or warranties in relation to this website or the information and materials provided on this website. At the time of publication the author was a unitholder of Jardine Strategic. World ex U.S. One of Hong Kong’s oldest business empires, Jardine Matheson, has announced plans for a sweeping restructuring that is expected to sharply increase its market Since the formation of the cross-holding structure, Jardine Matheson has pursued a long term approach to the creation of shareholder value and further enhancing the Group's ownership positions through a series of share purchases and buybacks. The arrangement was refined in 1986 through the creation of Jardine Strategic as an intermediate holding company. Jardine Matheson Holdings Ltd (BM:JARJ) has 423 institutional owners and shareholders that have (Aug 29): Southeast Asian stock markets closed higher on Thursday, with Thailand leading the gains, as China's comment it is discussing the next round of trade talks with Washington lifted investor mood. William Jardine, the founder this dynastic enterprise, died with no children so control passed to William Keswick, the son of his niece. Contact us, This fund is a listed as child fund of Capital World Investors and if that institution has disclosed ownership in this security, then these positions will not be double counted when calculating total shares and total value, This fund is a listed as child fund of T. Rowe Price Associates Inc /md/ and if that institution has disclosed ownership in this security, then these positions will not be double counted when calculating total shares and total value, This fund is a listed as child fund of BlackRock Inc. and if that institution has disclosed ownership in this security, then these positions will not be double counted when calculating total shares and total value, This fund is a listed as child fund of Vanguard Group Inc and if that institution has disclosed ownership in this security, then these positions will not be double counted when calculating total shares and total value, This fund is a listed as child fund of Fmr Llc and if that institution has disclosed ownership in this security, then these positions will not be double counted when calculating total shares and total value, This fund is a listed as child fund of Charles Schwab Investment Management Inc and if that institution has disclosed ownership in this security, then these positions will not be double counted when calculating total shares and total value, This fund is a listed as child fund of Dimensional Fund Advisors Lp and if that institution has disclosed ownership in this security, then these positions will not be double counted when calculating total shares and total value, This fund is a listed as child fund of State Street Corp and if that institution has disclosed ownership in this security, then these positions will not be double counted when calculating total shares and total value. Jardine Matheson said it would delist its second-largest unit, Jardine Strategic, in a $5.5bn buyout deal aimed at simplifying a complex, cross-shareholding structure originally set up to thwart takeover bids. Formed after the breakup of the East India Company's tea monopoly in 1832, JSH was instrumental in the formation of Hong Kong. This company appears to be listed on multiple exchanges. JARDINE Matheson Holdings announced on Monday it will simplify the parent company structure of the group by acquiring the 15 per cent of Jardine Strategic Holdings it does not already own. JARDINE Cycle & Carriage (Jardine C&C) has appointed Benjamin Birks its new group managing director to take over Alex Newbigging, who is stepping down after more than seven years at the helm. Core Equity Portfolio - Institutional Class, GEMYX - Emerging Markets Equity Fund Institutional, BLACKROCK EMERGING MARKETS FUND, INC. - BLACKROCK EMERGING MARKETS FUND, INC. Investor A, PACAX - Putnam Dynamic Asset Allocation Conservative Fund Class A shares, SPGM - SPDR(R) Portfolio MSCI Global Stock Market ETF, FZROX - Fidelity ZERO Total Market Index Fund, FIWCX - Fidelity SAI International Value Index Fund, Jnl Series Trust - Jnl/blackrock Global Allocation Fund (a), FLQH - Franklin LibertyQ International Equity Hedged ETF, PINZX - Overseas Fund (f/k/a International Value Fund I) Institutional Class, SIEMX - SIT EMERGING MARKETS EQUITY FUND - CLASS F, effective 1-31-2017 (formerly Class A), NOINX - Northern International Equity Index Fund, PTIN - Pacer Trendpilot International ETF, FDEV - Fidelity Targeted International Factor ETF. I am not sharing a valuation analysis so the text will only be of interest to people who want to know more about the company background. The text was written in September 2020 and not updated for any subsequent events. Jardine continues to pursue its historical niche. It has a similar complex under development in Shanghai. Detail on 13F filings are free. Jardine Matheson is the group holding company, owning 81.7 per cent of Jardine Strategic, which in turn holds a 54.5 per cent equity interest in Jardine Matheson, hence the … JSH and its Hong Kong-based affiliate, Jardine Matheson Holdings, share these interests and are operated together in a complex ownership structure.
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