Categories: News

BS Capital Group�s Subsidiary Carros Announces Successful Acquisition Of 100% Shares In Premier Taxis

SINGAPORE – Media OutReach – 5 August 2022 – Carros Project Management Pte Ltd (The Company), a subsidiary of BS Capital Group (The Group), is pleased to announce the successful purchase of 100% shares in Premier Corporation Pte Ltd (“Premier Corporation”), enabling the Group to take the reins of Premier Taxis Pte Ltd (“Premier Taxis”), holder of a Street-Hail Service Operator License (SSOL) and a Class 2 Ride-Hail Service Operator License (RSOL), along with its other subsidiaries. The move comes at a time of pivotal growth for the Group and marks a significant development in its horizontal integration strategy.

Incorporated in 2003, BS Capital Group owned by SGX-Mainboard listed Enviro-Hub Holdings’ controlling shareholder and executive chairman, Raymond Ng Ah Hua. Over the years, the Group has built a diverse portfolio of industrial, commercial, retail and residential assets, establishing itself as a key regional player. In 2012, The Group founded Carros Project Management Pte Ltd (The Company), a subsidiary with the purpose of expanding The Group’s presence in different sectors.

One of Carros Project Management’s signature projects is the Carros Centre, an eight-story automotive mega hub with a total build-up area of 2.3 million sq ft of space. The project has received wide acclaim for creating an one-stop eco-system with more than 200 automotive-related occupants, a testament to the development’s success.

Commenting on the acquisition, Owner of The Group, Mr. Raymond Ng said, “As we emerge at the tail-end of the pandemic, it’s important that we take steps well in advance so that we can best position ourselves to capitalize on any opportunities that arise. The acquisition of Premier Corporation comes at a time of renewed interest in travel and leisure activities.”

The Company further deepened its commitment to the automotive industry with the launch of BIS Motoring at the end of 2017. The venture into the Motor Vehicle Leasing Business has already gained much traction. Currently, the Company operates a fleet of more than 1,000 private hiring vehicles (PHV).

Carros Project Management believes it has a lot to gain from the synergies between its PHVs and Premier Taxis’ Taxis. The acquisition of 100% shares in Premier Corporation on August 5th, 2022 will further strengthen its foothold in the automotive space, allowing the Company to expand their fleet and provide greater convenience to commuters.

Hashtag: #BSCapitalGroup

The issuer is solely responsible for the content of this announcement.

Miscw.com

Recent Posts

The allure of Da Nang and Phu Quoc – top destinations for Indian tourists

Vietnam is increasingly popular among Indian tourists, consistently topping reports and surveys as a favoured…

6 hours ago

OctaTrader in 2024: a client-focused evolution of a trading platform

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 24 December 2024 - For Octa, a…

7 hours ago

1win Brings Christmas Comfort to Cancer Patients in Ghana

ACCRA, GHANA - Media OutReach Newswire - 24 December 2024 - 1win, in partnership with…

9 hours ago

From Farm to Screen: Shopee’s Kempen Tani Cultivates Online Success for Agropreneurs

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 24 December 2024 - Shopee Malaysia recently…

9 hours ago

Wildberries to More Than Double Warehouse Capacity in 2025

MOSCOW, RUSSIA - Media OutReach Newswire - 24 December 2024 - Wildberries, a leading e-commerce…

14 hours ago

JustMarkets Celebrates Key Milestones From 2024

HO CHI MINH CITY, VIETNAM - Media OutReach Newswire - 24 December 2024 - JustMarkets…

16 hours ago