Malaysia’s HI Mobility banks on Johor-Singapore boom to drive growth
Fresh off a RM116 million IPO, the bus operator wants to evolve into a mobility solutions provider for the region
[KUALA LUMPUR] Malaysian bus operator HI Mobility – a company that went public two months ago – is accelerating its push to get more people on buses, especially along the lucrative and often congested Malaysia-Singapore corridor.
Chief executive officer Lim Chern Chuen views public transport as a crucial solution to issues in Malaysia, Singapore and other parts of South-east Asia: traffic gridlock, rising fuel costs, and the increasing need for affordable and sustainable mobility.
Fresh off a RM116 million (S$35.3 million) initial public offering in March, the Johor-based bus operator is scaling up operations across Johor Bahru, Melaka, Klang Valley and Singapore as it capitalises on renewed commuter demand.
Copyright SPH Media. All rights reserved.