Chandra Asri to buy Cycle & Carriage's Singapore, Malaysia auto businesses

Business dealsMove marks further diversification by the Indonesian petrochemical groupMercedes Benz showrooms in Singapore -- like the one pictured on Alexandra Road -- are among the assets due to change hands when Chandra Asri acquires Cycle & Carriage's automotive business in the city-state and Malaysia. (Screenshot from Mercedes Benz Singapore's Facebook page)REZHA HADYANAugust 21, 2026 16:02 JSTJAKARTA -- Chandra Asri Pacific, a leading Indonesian petrochemical producer, has agreed to buy Cycle & Carriage's automotive businesses in Singapore and Malaysia, marking another step in the company's regional expansion and diversification.