ComfortDelGro Acquires 90% Stake in Ming Chuan Transportation for S$8.5m_老虎社区_美港股上老虎

ComfortDelGro Acquires 90% Stake in Ming Chuan Transportation for S$8.5m

businesstimes2022-01-10

Transport operator ComfortDelGro on Monday (Jan 10) said its subsidiary, ComfortDelGro MedCare (CDG MedCare), has entered into a sale and purchase agreement with Neo Lay Kim and Ng Chew Chuah to ...

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·2022-01-12
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·2022-01-10
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The balance consideration will be paid to the Neo and Ng upon expiry of a 12-month period from the completion of the transaction, provided that, there are no claims against them as at the expiry of the 12-month period, said ComfortDelGro. The consideration will be fully satisfied in cash and funded through internal resources.The consideration was arrived at on a \"willing-buyer and willing-seller\" basis, taking into account the net book value of the business and assets of Ming Chuan Transportation, among others, the company added.The transaction is expected to be completed on Jan 24, said ComfortDelGro. 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