BS Capital acquires Premier Taxis to boost vehicle leasing business

Singapore-based property developer BS Capital bought over taxi firm Premier Taxis, with plans to bolster the fleet of its vehicle leasing business BIS Motoring.

Photo credit: Shutterstock

Since BIS Motoring was launched in 2017, the service has gathered a fleet of over 1,000 private hiring vehicles.

In addition to strengthening BIS Motoring, the group will also take over Premier Taxis’ street-hail service operator license (SSOL) and Class 2 ride-hail service operator license (RSOL) – both issued by Singapore’s Land Transport Authority.

The acquisition was made under the name of Carros Project Management, a subsidiary of BS Capital in charge of the group’s expansion into other sectors. This includes the Carros Centre, an automotive hub with over 200 automotive-related occupants.

“The acquisition of Premier Corporation comes at a time of renewed interest in travel and leisure activities,” says BS Capital owner Raymond Ng.

See also: Roadblocks stall Singapore’s driverless car dreams