Latest Forum Topics / ComfortDelGro Last:1.49 +0.01 | Post Reply |
Always good to accumulate when below
|
|
chartistkao1
Supreme |
27-Aug-2021 09:03
|
x 0
x 0 Alert Admin |
ComfortDelGro seeks value from Australian assets, including through IPO or partial saleWed, May 12, 2021 - 7:18 PM
UPDATED Thu, May 13, 2021 - 12:40 PM
TRANSPORT operator ComfortDelGro is exploring options to unlock the value of its Australian assets, which could take a variety of forms including a partial sale of assets or an initial public offering.
It now operates in six states and territories in Australia, where it is one of the largest privately-owned bus operators, the group said on Wednesday after posting a 56.1 per cent rise in first-quarter net profit. Chairman Lim Jit Poh, who had indicated in the group' s 2020 annual report that plans were " afoot to unlock the Australian assets" , said: " As part of a strategic review of our businesses, and a new focus on renewable energy, we have been looking at our global portfolio to see where we can unlock value for shareholders as well as invest in new technologies including electrification." With a total investment of S$1.17 billion to date, the Australian market is the group' s single largest overseas investment destination, with public scheduled bus, private coach charter, ambulances, taxis and outdoor advertising operations.  
Stay updated with
|
Useful To Me Not Useful To Me | |
Lepin888
Veteran |
25-May-2016 18:13
|
x 0
x 0 Alert Admin |
2.80 to 2.85 |
Useful To Me Not Useful To Me |