ComfortDelGro sells China bus unit for S$50 million

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http://www.todayonline.com/Business/Businessinbrief/EDC120521-0000154/ComfortDelGro-sells-China-bus-unit-for-S$50-million

NOW, HOW ABOUT SOME AIRBAGS?

ComfortDelGro Corp said on Monday its wholly owned subsidiary in China has sold its entire interest in the registered capital of Shenyang ComfortDelGro Bus Co Ltd for 248.35 million yuan (S$50 million).

The interest was sold to Shenyang Metro Bus, and the price was based on the net asset value of Shenyang ComfortDelGro Bus, Singapore-listed ComfortDelGro said.

ComfortDelGro operates in seven countries and has a global network of more than 46,400 buses, taxis, trains and rental vehicles, according to its website.