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Jardine OneSolution listing plan on hold

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Jardine Matheson has put on hold its plan to list information-technology (IT) consulting arm Jardine OneSolution (JOS) on Hong Kong Exchanges and Clearing.

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'We often review the possibility of taking Jardine [companies] public, and we did review, in some depth, taking JOS public during [last year],' managing director Percy Weatherall said yesterday.

'However, we took the downturn in the value of shares in the IT and e-commerce sector in the second half of the year into consideration also.

'Because of this, we are no longer pursuing a listing for JOS.'

Nonetheless, Mr Weatherall said that Jardine could reconsider its position if market conditions improved.

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'Clearly, market conditions would be the driver behind that,' he said.

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