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SPH selling sgCarMart to Toyota consortium for S$150 million

Deal includes sgCarMart's intellectual property and its subsidiaries, Quotz and Quotz (Taiwan)

Benjamin Cher
Claudia Chong

Benjamin Cher &

Claudia Chong

Published Fri, Feb 25, 2022 · 09:50 PM

    Singapore

    ONLINE automotive marketplace sgCarMart, owned by Singapore Press Holdings (SPH), is being sold to a Toyota consortium in an all-cash deal, confirming an earlier report by The Business Times.

    The proposed transaction values sgCarMart at S$150 million, SPH and Toyota Financial Services Singapore said in a joint press release on Friday evening (Feb 25).

    SPHToyota

    Copyright SPH Media. All rights reserved.

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