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Trans-cab makes an IPO booking

Preliminary prospectus lodged; offer price has not been set

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Trans-cab noted that stricter regulations could throw up some acquisition opportunities.

Singapore

lTRANS-CAB Holdings, Singapore's second-largest taxi operator by fleet size, on Tuesday lodged its preliminary IPO prospectus with the Monetary Authority of Singapore, with a view to using part of expected proceeds to fund its fleet expansion.

The offer price has not been