Tran-SHIT-link disowned ultra cheaply by SBS!

[nkfnkfnkf]

http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1054138/1/.html

Singapore News





SBS completes divestment of Transit Link for S$1.7m
By Jonathan Peeris | Posted: 03 May 2010 1906 hrs


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An SBS Transit bus



SINGAPORE: SBS Transit said that it has completed the divestment of its 50 per cent stake in Transit Link to the Land Transport Authority (LTA) for S$1.7 million.

As such, Transit Link will cease to be an associate company of SBS.

Transit Link is a Transit Acquirer for the public transport fare collection system.

As the LTA has been assigned to take on the role of Transit Acquirer by the Minister for Transport, it has been mutually agreed that the sale of Transit Link to the LTA would serve the interests of all parties involved.

The above divestment is not expected to have any material impact on the earnings of SBS for the current financial year. - CNA/vm

 

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Ass-Be-Ass crapped out that Tran-SHIT-Link!

Now what's that called?

That is called Lao Sai!:p via the asshole of course!

 

[mediumcoke]

I hereby grant the new honorary title of [COLOR="_______"]Ass-Be-Us[/COLOR] to our most esteemed national bus service company.

You have Toys-R-Us, you also have [COLOR="_______"]Ass-Be-Us[/COLOR] !:p