ComfortDelGro offer declared unconditional

All conditions in the Bidders Statement have been fulfilled and the compulsory acquisition process for Swan Taxis will begin.

As at 10 September 2010, ComfortDelGro has received acceptances representing more than 93% of all the shares in Swan Taxis, according to a ComfortDelGro announcement. The Australian Competition and Consumer Commission would not oppose ComfortDelGro’s the said acquisition.

Upon the completion of the compulsory acquisition in accordance with the Australian Corporations Act 2001, Swan Taxis will become a wholly-owned subsidiary of ComfortDelGro.

As Swan Taxis owns 2,631,004 shares in Cabcharge Australia Limited, ComfortDelGro will increase its effective interest in Cabcharge from 7.46% to 9.64% when the acquisition is completed.

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.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia