Comfort , Delgro propose to merge

Newswire

SINGAPORE, Nov 21 (Reuters) - Singapore transport firms Comfort Group Ltd and Delgro Corporation Ltd proposed on Thursday to merge under a new listed entity, creating the city-state's largest land transport group. Under the terms of the merger, shareholders of both companies will each receive 50 percent of the issued share capital of the holding company, they said in a joint statement. Comfort shareholders will receive 1.245 shares of the new company while Delgro shareholders will ...

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