SINGAPORE: ComfortDelGro said on Wednesday (Dec 21) it will acquire the remaining stake in its Australian subsidiary for AS$186 million (S$196 million).
The acquisition of the 49 per cent stake in ComfortDelGro Cabcharge (CDC) from Cabcharge Australia will be financed by a combination of internal funds and bank loans, the Singapore transport company said in a media release.
The acquisition is subject to approval from Australian authorities, it added.
The Australian subsidiary was formed in 2005 following the acquisition of Westbus Group by ComfortDelGro and Cabcharge. CDC has a combined fleet of 1,712 buses and employs 2,300 staff, and operates a range of bus services in New South Wales and Victoria.
“The acquisition of the remaining stake in CDC reflects our commitment to the Australian market and our continued confidence in its growth potential,” said Mr Kua Hong Pak, ComfortDelGro’s managing director and group CEO.
The acquisition is expected to be completed in the first quarter of 2017, said ComfortDelGro.
How about dividend hermit..
Wonder if he stays in a house or cave, like a hermit
We have dividend knight, dividend hermit, dividend warrior. Wonder whats next..
Dividend Soldier?

dividend_whore is best
anyway i wonder why CDG want to acquire the aussie side. it has the worst track record among all its branches iirc.
now my house is rock solid
5% yield on mostly blue chip portfolio of 300k
even if market crash 1/3 and my portfolio falls to 200k i also not scared and can continue to hold as I know my companies are of the highest quality and will be able to maintain dividends as a whole

dividend papa and dividend mama will soon appear too
dividend meimei will have the highest traffic for sure
What is your top 5 holding?
What is your top 5 holding?


I posted my portfolio here so many times liao
One week no change at all
oh well Fated haha it okI think u very heavy on M1 already
can look at other cheap boats around the reits telco segment
How about dividend hermit..
Wonder if he stays in a house or cave, like a hermit
We have dividend knight, dividend hermit, dividend warrior. Wonder whats next..
Dividend Soldier?



I have missed Singtel it has reboundoh well Fated haha it ok
Your thread is so popular that the posting has increased to 7000+ after I come back from holiday.. Maybe u should edit in your first post your portfolio.![]()
thanks for the suppork ^_^
![]()
Thanks loaded CMT![]()