269 views

ComfortDelGro acquires Aussie assets for $6.74m

The group will acquire Rothery's Coaches in Queensland.

ComfortDelGro Australia announced its subsidiary, CDC South East Queensland (CDC SEQ), will acquire Rothery's Coaches for approximately $6.74m (AU$6.75m).

The agreement with Keydale Holdings, as well as Barry and Roslyn Rothery, will add 16 buses to the CDC SEQ operations in Rockhampton, Queensland. The total consideration arrived on a willing buyer, willing seller basis.

ComfortDelGro said the transaction will have no material impact on its 2022 net assets or earnings per share.

AU$1 = SG$0.98

Join Singapore Business Review community

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Top News

September surge masks looming export slowdown to 6% in 2027
Maybank raised its 2026 forecast to 27% from 18% in the same report.Non-oil domestic exports (NODX) growth could slow to 6% in 2027 as supply chain pressures and higher financing costs weigh on shipment momentum, Maybank Research Pte Ltd said.
Economy