Carros Project Management Pte Ltd, a subsidiary of BS Capital Group (The Group), has acquired 100% of the shares in Premier Corporation Pte Ltd (Premier Corporation), enabling the Group to take the reins of Premier Taxis Pte Ltd, 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.
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).
