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ComfortDelGro acquires 90% stake in wheelchair transport provider for $8.5 mil

Felicia Tan
Felicia Tan1/10/2022 8:17 AM GMT+08  • 3 min read
ComfortDelGro acquires 90% stake in wheelchair transport provider for $8.5 mil
The transaction is expected to take place on Jan 24; the consideration will be fully paid in cash.
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ComfortDelGro (CDG) has acquired a 90% stake in Ming Chuan Transportation for $8.5 million, in a bid to broaden its reach and strengthen its position in the growing medical transport sector.

CDG, through its wholly-owned subsidiary, ComfortDelGro MedCare, entered into a sale and purchase agreement (SPA) with Ming Chuan Transportation’s Neo Lay Kim and Ng Chew Chuah on Jan 7.

Ming Chuan Transportation is one of the largest wheelchair transport service providers in Singapore, with a fleet of 76 vehicles and a total staff and driver strength of 86.

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