Jardine Matheson
By 1999, Jardine Matheson was a major shareholder in Cycle &amp; Carriage Limited, with a 24.6% stake. In 2002, Cycle &amp; Carriage Limited became a subsidiary of Jardine Matheson when Jardine Strategic increased its stake to over 50%. In recognition of its distinguished operating history, and in the interests of integration to the Jardine Matheson Group, it was renamed Jardine Cycle &amp; Carriage Limited.