Try GOLD - Free
ComfortDelGro Acquires Rest of CityCab from ST Engineering for $116.3m
The Straits Times
|September 03, 2025
Transport giant ComfortDelGro (CDG) acquired on Sept 1 all the remaining shares it did not already own in CityCab from ST Engineering Land Systems for $116.3 million.
-
CityCab was a joint venture between CDG, which had owned 53.5 per cent, and the ST Engineering unit, which held the remaining 46.5 per cent stake. It is now a wholly owned subsidiary of main-board-listed CDG.
CDG has been managing CityCab since 2005 as part of its local taxi business.
CityCab began in 1995 with the merger of the taxi operations of the former Singapore Bus Service and Singapore Technologies Automotive, which in 1997 merged into ST Engineering.
In a bourse filing, CDG said: "Full ownership will strengthen the group's core point-to-point business in Singapore and allow the group to better integrate and shape its global point-to-point business, adapting to market demands and boosting profit contribution."
This story is from the September 03, 2025 edition of The Straits Times.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Straits Times
The Straits Times
STI slips 0.8% amid regional losses after US tariff escalation
Decliners beat advancers 440 to 209 across broader market
1 mins
October 14, 2025
The Straits Times
Resuming Kaiboy to pick up where he left off
Oct 15 South Africa Durbanville) form analysis
4 mins
October 14, 2025
The Straits Times
Recent incidents at mosques a reminder of how precious racial and religious harmony is
I was concerned after reading recent reports of disturbing incidents where suspicious parcels possibly containing pork were left at mosques ('Playing with fire': Suspicious parcels with meat sent to several mosques, Sept 26).
1 mins
October 14, 2025
The Straits Times
China's new export curbs may deal a heavy blow worldwide
Rules impact arms manufacturers in particular, drawing concern in Europe
3 mins
October 14, 2025
The Straits Times
Shanmugam to deliver ministerial statement on race and religion
Coordinating Minister for National Security K. Shanmugam will deliver a ministerial statement on race and religion when Parliament sits on Oct 14.
3 mins
October 14, 2025
The Straits Times
Pickleball Let's go with a bit more noise in exchange for a lot more life
Pickleball, once a niche sport, has surged in popularity across Singapore.
1 mins
October 14, 2025
The Straits Times
Construction High-tech precast factories supported through government schemes
We refer to the articles “Once touted as future of construction in Singapore, high-tech precast factories struggling” (Sept 20); and “Critical to communicate, standardise, review if S'pore wants to raise construction productivity” (Oct 5).
1 mins
October 14, 2025
The Straits Times
Work begins on HDB flats not announced for sale yet in Tampines and upcoming Berlayar estate
Hundreds of new HDB Build-To-Order (BTO) flats that have yet to be announced for sale are being built in Tampines and the upcoming Berlayar estate — a residential area being developed at the site formerly occupied by Keppel Club.
3 mins
October 14, 2025
The Straits Times
Poor Scotland have to be 'at a higher standard'
Scotland coach Steve Clarke was angered by his side's \"poor\" performance as they ground out a 2-1 home win over Belarus on Oct 12 to stay in contention for automatic qualification to the 2026 World Cup.
3 mins
October 14, 2025
The Straits Times
Girl, 15, among five caught vaping after feedback on hot spots
Following reports from the public, the Health Sciences Authority (HSA) identified vaping hot spots in Khatib, Yishun and Punggol and fined five people for vaping.
1 min
October 14, 2025
Listen
Translate
Change font size