SINGAPORE - Two local motor companies have bought Uber-owned Lion City Rentals, marking the United States ride-hailing firm's complete exit from Singapore.
WayDrive Holdings, a new joint venture between vehicle trader Motorway Group and investment vehicle Toh Motors, signed on the dotted line on Friday evening to acquire 100 per cent of Lion City Rentals for an undisclosed sum.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you