Since the de-listing and privatisation of Jardine International Motor Holdings JIMH on October 4 this year, the Hong Kong Stock Exchange has been missing a Jardine group company for the first time since it first went public back in 1961.
In a symbolic indication of how much the balance of power has shifted in the Territory since then, the group is now proposing an IPO float of $70 million to $100 million for a company that made profits of less than $12 million during the 1999 financial year. By comparison, when the group stood at the height of its powers in the early 1970's, Jardine Matheson owned or controlled...
