It will now beGuangzhou Transportation ComfortDelGro Taxi.
According to an SGX release, ComfortDelGro Corporation Limited is pleased to announcethat its wholly-owned subsidiary,
Chengdu ComfortDelGro Taxi Co., Ltd, has entered into a joint venture with Guangzhou TransportationGroup Co., Ltd to
form Guangzhou Transportation ComfortDelGro TaxiCo., Ltd (ˇ°JVCoˇ±). The principal activity of the JVCo will be the provision
of publictaxi services.The JVCo is 50% owned by CCDGT and 50% owned by GTG. The JVCo willhave an initial registered capital
of RMB10 million (approximately SGD1.956million) and CCDGT will fund its share from its own funds. GTG is a large state-owned
enterprise and is ComfortDelGroˇŻs current jointventure partner in Guangzhou Xin Tian Wei Transportation Development Co.,Ltd.
The above transaction is not expected to have any material impact on the nettangible assets per share and the earnings per
share of the ComfortDelGroGroup for the financial year ending 31 December 2012.
