The Business Times
business-time-50

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

    TRENDING NOW

    These recommendations aim to help more seniors stay employed for longer, while fostering age-friendly, multi-generational workplaces.

    Government to bring forward raising of retirement age, give employers more financial support to create flexi-load jobs

    German Chancellor Friedrich Merz says Europe is facing “the most decisive moments... in defending the freedom and peace of (the) continent”.

    If Europe goes to war, the fallout will be felt in East Asia

    The Indonesia Stock Exchange says it has taken concrete steps with the Financial Services Authority to improve market transparency, integrity and quality.

    Indonesia stocks suffer worst plunge in nearly 30 years as MSCI proposes standalone status

    Some of the fastest growth is being recorded across a cluster of northern industrial provinces closely tied to electronics manufacturing and global supply chains.

    Vietnam’s northern provinces, not Hanoi or Ho Chi Minh City, are powering near 10% GDP growth

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More