Long story ...
Comfort was an independant taxi operator , said to be World
Most Profitable taxi company . Just Comfort alone .
Delgro Engineering is the mother of SBS Transit and Citycab
.
So when the government announce that another public transport
operator, not SMRT , to operate the North East Line , SBS Transit
got the tender .
But Delgro needs funding ... lots of it .
They , SBS Transit , was in red since . Constructions of NEL
took away lots of their resources , and apparently , they have
massive problems replacing their aging fleet of buses and buses ,
they were desperate . Until today , they yet to break even the cost
of infrastructure and resources for NEL .
That time , whatever it is , The Government intervene , and
Comfort pump in some majortity of the shares , to " save" Delgro
.
They will go bust if Comfort don't save them .
It will be a devastating term to
use "takeover" for Delgro , cos their share prices will
plunge .
They use the word " merge " , sounds like they really merge ,
not that la ....
Now u know why Comfort-Delgro .... Comfort is infront , not
DelgroComfort ?
Because Comfort has the majority of the shares ....
So Singaporeans , actually must thank the 3 generations of taxi
drivers , that make Comfort possible , from a small taxi company
, to a giant , that tookover a bus company , World First
!!!
