ComfortDelGro Corporation is no longer pursuing an initial public offering (IPO) for its Australian subsidiary.

ComfortDelGro had announced in August that it was considering listing its wholly-owned subsidiary, ComfortDelGro Corporation Australia (CDG Australia), on the Australian Stock Exchange subject to prevailing market conditions.

Since then, IPO conditions in Australia have become more challenging and other strategic options have presented themselves, says the company in a Nov 10 press release. 


To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook