Deal with Uber not off the table: ComfortDelGro chief

Chairman Lim Jit Poh said acquiring Lion City Rentals' fleet will give it instant access to the private-hire business.
Chairman Lim Jit Poh said acquiring Lion City Rentals' fleet will give it instant access to the private-hire business.

Transport giant ComfortDelGro Corp will have to contend with thinner margins, higher debts, more mergers and acquisitions, and new businesses if it wants to continue growing, according to its long-serving chairman Lim Jit Poh.

Speaking to The Straits Times as the group - the result of a merger between Comfort Group and DelGro Corp - turned 15 last week, Mr Lim said: "We are fully aware that the playing field has changed. Technological advances are going to change the make-up of the very vehicles we rely on as a mainstay of our business."

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A version of this article appeared in the print edition of The Straits Times on April 03, 2018, with the headline 'Deal with Uber not off the table: ComfortDelGro chief'. Print Edition | Subscribe