ComfortDelGro and Global East Investment form a joint venture company, ComfortDelGro Insurance Brokers.
First day of trading of ComfortDelGro shares on the Singapore Exchange. A total volume of 10,552,000 shares were traded with the share price closing at 79 cents.
Shareholders of Comfort and DelGro attend separately the Court Meetings followed by the EGMs at the Meritus Mandarin Hotel. 99.54% and 99.99% of Comfort and DelGro shareholders respectively voted on the merger.
The Singapore Labour Foundation gave its backing to the proposed merger and announces that it will support and vote in favour of the proposed merger.
Roadshows were organised to explain the rationale and benefits of the merger to fund managers and institutional investors in Singapore, London, Edinburgh, Hong Kong, New York, Tokyo and Luxembourg.
