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ComfortDelGro subsidiary divests from Vietnam taxi business

Jovi Ho
Jovi Ho12/28/2021 06:06 PM GMT+08  • 2 min read
ComfortDelGro subsidiary divests from Vietnam taxi business
The total consideration of the transaction exceeds $3.2 million.
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ComfortDelGro's wholly-owned subsidiary, ComfortDelGro S.E.Asia Pte Ltd (CDGSEA), is divesting its 70% stake in a taxi business in Vietnam, announced the company after trading hours on Dec 28.

CDGSEA has entered into a sale and purchase agreement with Helios Service and Investment Joint Stock Company to transfer all of CDGSEA’s 70% shareholding in Vietnam Taxi Co (VTCL) to Helios.

The total consideration of the transaction is VND 55 billion, approximately $3,264,147.01.

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