Once a red, forever a Red.
Transcab belong to a group of high
handed, govt influenced temasek excutives, from
Union gas, they join venture to set up Trancab during the
liberalisation of taxi industry in Singapore, the notion then was
fuel is on the rising and forever rising, CNG shall be the next
option, so most of these executives put in money to set up, and
some of these big shareholders are also top directors of Cdg, this
is to diversify their business porfolio.
Therefore, by and large, you tends to see them following Cdg,
which under SMRT, a major subsidiary of Temasek Holdings.
Before trancabs come into the picture, CDG holds 80% of taxi
business in singapore, today it is about btw 50 to 60%, Delgro then
join in to go global mostly in asia transportation business. Why
will CDG give up it market share so easily and agree on
liberalisation and transcab set up??
Because, it is actually a branch of CDG expanding itself thru a
different entities and business name. It is more of making their
business more diversify and flexible, meaning that if one day fuel
prices go up to sky rocket, they can all move into transcab, and if
CNG goes up high, they go back to fuel.
yah lor hang goat's head sell dog meat 1...........
