ComfortDelGro incorporates UK subsidiary to pursue opportunities in London rail business

Local transport operator ComfortDelGro is seeking opportunies in the rail business in London.
Local transport operator ComfortDelGro is seeking opportunies in the rail business in London. PHOTO: ST FILE

SINGAPORE - Mainboard-listed transport operator ComfortDelGro Corporation has incorporated a subsidiary, Metroline Rail Limited, in the UK to seek opportunities in the rail business in London.

Metroline Rail is wholly owned by ComfortDelGro's subsidiary Braddell Limited, and has an issued and paid-up capital of £1 (S$2.12), the company said in a fiing with the Singapore Exchange on Tuesday.

The move is not expected to have any material impact on the net tangible assets per share and earnings per share of the group for the year ending Dec 31, 2015.

ComfortDelGro shares were trading down 1 cent or 0.3 per cent at $3.10 at around 10:15am on Tuesday.