ComfortDelGro Corporation Limited (SGX:C52) is looking to free up cash from its Australian divisions to invest in new businesses. Chairman Lim Jit Poh said the move is "part of a strategic review of our businesses, and new focus on renewable energy". The group said May 12, 2021 that this could mean selling some assets or an initial public offering. The company would not elaborate. Said Mr. Lim: "We have been looking at our global portfolio to see where we can unlock value for shareholders as well as investing in new technologies including electrification." ComfortDelGro said it would share more details "as they become material".