Comfort to invest S$100 mln in China

Newswire

SINGAPORE, Aug 21 (Reuters) - Singapore transportation firm Comfort Group Ltd said on Wednesday it would invest S$100 million ($57 million) in China to boost its taxi operations and also venture into car rental businesses. "The board has recently decided to set aside S$100 million in our operations in China," Lim Jit Poh, chairman of Comfort, said in a statement during a general shareholders' meeting. "Besides taxis, we hope to engage in the branded car rental business," Lim said. He ...

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