This week’s highlights take a look at acquisitions made by a blue-chip transport conglomerate, a REIT with overseas assets, as well as the latest full-year earnings (perhaps, the last) from Singapore’s media giant.
ComfortDelGro Corporation Ltd (SGX: C52)
ComfortDelGro, or CDG, is a land transport conglomerate that owns a fleet of around 40,000 buses, taxis and rental vehicles.
The group operates in seven countries, namely Singapore, Malaysia, Australia, China, Ireland, Vietnam and the UK.
This week, CDG announced that its wholly-owned subsidiary in Australia, Forest Coach Lines Pty Ltd, acquired the assets of a school bus business comprising five buses.
The transport business operates in Narrabi, New South Wales, and the total consideration amounted to around S$1.96 million.
With this acquisition, Forest Coach’s bus operations will expand to 21 buses, while CDG’s total Australian bus fleet will increase to near 2,500.
This purchase will increase the scope of ComfortDelGro Corporation Australia’s (CDC)...