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ComfortDelGro sells entire stake in Shenyang subsidiary
The divestment is worth approximately S$50 million.
ComfortDelGro Corporation Limited announced that its wholly-owned subsidiary, ComfortDelGro (China) Pte Ltd, in line with the agreement reached with the authorities, has divested its entire interest in the registered capital of its wholly-owned subsidiary, Shenyang ComfortDelGro Bus Co., Ltd, to Shenyang Metro Bus Co., Ltd.
ComfortDelGro said the disposal is not expected to have any material impact on the net tangible assets per share and earnings per share of the ComfortDelGro Group for the year ending 31 December 2012.
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