The two corporations Earlier explained that 100 per cent with the shares in Trans-taxi could well be obtained by way of seize's non-public-retain the services of auto rental arm, seize Rentals.
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Consequently, drivers and passengers may well experience greater commissions and costs net of incentives in addition to less options for journey-hail platform expert services, claimed CCCS.
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But CCCS said this year which the merger may well give seize the leverage to induce Trans-taxi drivers to make use of Grab’s trip-hail System about rival platforms, including that motorists who lease from ride-hail platform-owned fleets are more unlikely to make use of a System that is different through the one they have rented their automobile from.
CCCS began an in-depth review of your offer in January following an First evaluation experienced identified that the tech firm’s proposed acquisition may build obstacles for rival platforms. The proposed acquisition was to start with announced past July.
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SINGAPORE: A offer for experience-hailing platform Grab to just take in excess of taxi operator Trans-taxi will not go ahead, claimed Singapore's Levels of competition watchdog on Thursday (Jul 25).
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before this 7 days, seize built headlines after correctly acquiring Singapore-centered cafe reservation platform Chope for an undisclosed sum.
"CCCS notes Grab's commitment to working in compliance with competition rules as well as their intention to contribute positively to the competitive landscape in Singapore
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