get's proposed acquisition of Trans-taxi will 'drastically weaken' rival trip-hail platforms in S'pore: CCCS
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Grab announced its intend to purchase Trans-taxi, which incorporates the latter's taxi and car rental company, routine maintenance workshop, and gasoline pump operations, by means of its subsidiary GrabRentals Pte. Ltd for an unknown amount of money in July 2023.
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Grab may Therefore "entrench and reinforce" its presently dominant position during the journey-hail platform industry, explained CCCS.
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