ComfortDelGro unit divests Vietnamese taxi company

TRANSPORT operator ComfortDelGro C52 : C52 0% announced on Tuesday (Dec 28) that it will divest its 70 per cent shareholding in Vietnam Taxi Co Ltd (VTCL) to Helios Service and Investment Joint Stock Company.

VTCL is a taxi business incorporated and domiciled under Vietnamese law.

The company will receive 55 billion dong (approximately S$3.3 million) for the transaction, which was arrived at on a "willing buyer willing seller" basis.

ComfortDelGro noted that the divestment will not have any material impact on net tangible assets or earnings per share of the company for the financial year ended Dec 31, 2021.

The company's shares closed up 1.5 per cent or S$0.02 to close at S$1.40 on Tuesday before the announcement was made.

READ MORE: 

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

Sign UpVIEW ALL

• ComfortDelGro to become UK's second largest coach operator with £8.75m acquisition

• ComfortDelGro should disclose its strategic options to assure investors and avoid exit from STI

• ComfortDelGro in second JV with Engie to provide renewable, solar energy