ComfortDelgro Savico Taxi, a joint venture of Saigon General Service Corporation (Savico) and Singapores largest taxi operator ComfortDelGro, has suspended its business to preserve funds and restructure its taxi-related business in the wake of competition from rivals.
In an announcement on Ho Chi Minh City Stock Exchange, the joint ventures said that it has completed the business restructuring at ComfortDelgro Savico Taxi and is looking at appropriate business opportunities.
Last year, ComfortDelGro Corp acquired a 51 per cent stake in Uber Technologies Inc.s car rental unit in Singapore for S$295 million ($218 million), forming a joint venture with th…
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