SPH selling sgCarMart to Toyota consortium for S$150 million
Deal includes sgCarMart's intellectual property and its subsidiaries, Quotz and Quotz (Taiwan)
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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).
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