We started as the Federal Stores, established in Kuala Lumpur, Malaysia, in 1899. Over the years, the business expanded its presence and is today a leading Singapore-listed company on the Singapore Exchange ("SGX"). In 2026, the company changed its name from Jardine Cycle & Carriage to Jardine Matheson Southeast Asia to better reflect its strategic role within the wider Jardine Matheson Group.
Jardine Matheson Southeast Asia ("JMSEA") is an intermediate holding company of Jardine Matheson, partnering a diverse portfolio of market-leading businesses across Southeast Asia. We continue to remain deeply rooted in Southeast Asia where we have the proximity, management expertise, knowledge, relationships and a track record of delivering performance.
2026
Jardine Cycle & Carriage Limited was renamed Jardine Matheson Southeast Asia Limited ("JMSEA").
2024
2023
Subscribed to a private placement by Truong Hai Group Corporation for a US$350 million convertible bond maturing in 2027.
2021
Truong Hai Auto Corporation restructured its operations into five strategic business pillars and renamed to Truong Hai Group Corporation
2019
"The Jardine Cycle & Carriage Journey started In 1899. As we celebrated our 120th anniversary, we reaffirmed our commitment to grow with Southeast Asia"
The Jardine Cycle & Carriage Scholarship will fund over 60 students over 10 years and even more through an endowment scheme that runs in perpetuity.
2015
JC&C successfully raised US$749 million from a fully subscribed rights issue.
2013
Cycle & Carriage Myanmar is JC&C's first venture into the country.
2012
REE was the first company to be listed on the Ho Chi Minh Stock Exchange. REE is involved in power and water utility infrastructure, real estate, and mechanical and electrical engineering services.
2008
THACO is the largest automotive company in Vietnam, manufacturing, assembling, distributing and retailing automotive vehicles. Today, THACO is a diversified group with participation in property development, agriculture and logistics.
2006
The state of the art facility has continually been upgraded to present the latest MAR 20X retail concept, covering a built-up area of 200,000sf with over 50 work bays today
2005
JC&C has been supporting the growth of Astra since 2000. Today, Astra is a diversified conglomerate with seven core businesses with a strong market presence in automotive.
2004
JC&C's presence in Indonesia deepened following the investment in Tunas Ridean, which is the second largest automotive dealer in Indonesia after Astra.
The name change recognises Cycle & Carriage’s operating history and firmly establishes Jardine Cycle & Carriage as part of the Jardine Matheson Group.
2003
Daimler AG exercised its call option for CCB's 49% interest in Mercedes-Benz Malaysia in 2018 and CCB ceased to hold shares in Mercedes-Benz Malaysia.
2002
2000
Learn more about Cycle & Carriage Singapore here
1999
Learn more about Cycle & Carriage's history here: 1899, The Cycle & Carriage Century
1995
This iconic building remains as Cycle & Carriage and Jardine Cycle & Carriage's headquarters today.
1977
Learn more about Cycle & Carriage Singapore here.
1969
The reception for the S$241.65 million IPO was overwhelming with 73 times oversubscription.
1965
The plant has ceased operations in Singapore in the late 1970s and was developed into Hillview Villas in 1990, Cycle & Carriage's first residential property development.
1951
Cycle & Carriage was the first enterprise to represent the Mercedes-Benz brand in Southeast Asia. The first batch of six Mercedes-Benz cars arrived in Singapore in the same year.
1926
With this, the company moved its headquarters to Orchard Road and represented a number motor agencies.
1918
The end of the First World War provided an opportunity for Cycle & Carriage as there was a huge demand for motor cars. Cycle & Carriage registered as a private limited liability company in the Federated Malay States with $250,000 in registered capital.
1899
Federal Stores (which was later renamed Cycle & Carriage) was a merchant trading in nutmeg and sundry goods. Later, it sold bicycles and carriages before becoming the agent for a number of automotive brands.