Jardine Cycle & Carriage Limited (sgx: C07) is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.
The company was listed on the Singapore Exchange in 1969 as Cycle & Carriage Limited before it renamed to Jardine Cycle & Carriage Limited in 2004 following the integration into Jardines in 2002.
History
It was first founded as Federal Stores in 1899 by a trader in nutmeg and sundries on Jalan Bandar (High Street) in Kuala Lumpur, Malaysia. On 15 June 1899, it was renamed Cycle & Carriage by its founders, the Chua brothers, and thereafter, it expanded to sell bicycles, motorcycles, and eventually motor cars. In 1904, Cycle & Carriage shifted to the corner of High Street, Market Street and Market Square (3.14694°N, 101.69639°W) and subsequently expanded to Ipoh, Penang and Singapore.
During World War I, Cycle & Carriage suffered economically as a result of the shortage of supply for cars. The war, however, encouraged the development of automobile technology, stimulating interest in the motor car, and spurring demand for Cycle & Carriage's products in 1918. In that year, Cycle & Carriage was registered in the Federated Malay States with $250,000 in registered capital. In 1926, Cycle & Carriage shifted its headquarters to Orchard Road