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iCar Asia shares leap 40% on $250 million takeover offer

iCar Asia shares leap 40% on $250 million takeover offer MENUMENU July 13, 2021 September 6, 2020 June 25, 2021 July 13, 2021 iCar Asia shares leap 40% on $250 million takeover offer Simon Thomsen - July 13, 2021 2 MIN READ Photo: AdobeStock A takeover bid for ASX-listed online car sales venture iCar Asia by rival Singaporean car e-commerce platform Carsome has pushed the shares up more than 41% in early trade today. The non-binding acquisition proposal from Carhome at $0.55 cents a share pips a previous offer last year at $0.50 cents from China’s Autohome. iCar Asia (ASX: ICQ) shares are up 12.5 cents in early Tuesday trade to $0.425 on news of the deal, which values the business, owned by Patrick Grove’s Catcha Group, at around $250 million.

Herbert smith freehillsPatrick groveLuke elliottGoldman sachsCatcha groupPatrick grove catcha groupIcar asiaSoutheast asiaஹெர்பர்ட் ஸ்மித் ஃப்ரீஹில்ஸ்பேட்ரிக் தோப்புலூக் எலியட்கோல்ட்மேன் சாக்ஸ்கார் ஆசியாதென்கிழக்கு ஆசியா

Malaysia s Carsome Turns Unicorn in Deal to Buy ICar Stake

Yoolim Lee, Bloomberg News (Bloomberg) Southeast Asian used car marketplace Carsome Group has become Malaysiaâs first technology unicorn as part of a share-swap deal that will see the startup take a stake in iCar Asia Ltd. Carsome agreed to acquire 19.9% of Australia-listed automotive portal iCar from Catcha Group, the largest shareholder of ICar with a 30% stake. In return, Catcha will become a shareholder of six-year-old Carsome, boosting the startupâs valuation to more than $1 billion. Following the share swap, Carsome will offer to buy the remaining 80.1% in iCar from existing shareholders, a transaction valued at more than $200 million, according to a statement from the company on Tuesday.

Eric chengPatrick groveCar asia ltdSoftbank vision fundGoldman sachs group incHerbert smith freehillsCatcha groupCarsome groupIcar asiaSoutheast asiaChief executive officer eric chengGoldman sachs groupஎரிக் செங்பேட்ரிக் தோப்புகார் ஆசியா லிமிடெட்சாப்ட் பேங்க் பார்வை நிதி

Malaysia s Carsome, Tycoon Patrick Grove s Catcha Group To Take ICar Asia Private In $200 Million Deal

Malaysia s Carsome, Tycoon Patrick Grove s Catcha Group To Take ICar Asia Private In $200 Million Deal
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Eric chengPatrick groveCatcha groupCarsome groupIcar asiaSoutheast asiaAustralia listed frontier digitalMalaysia rich listஎரிக் செங்பேட்ரிக் தோப்புகார் ஆசியாதென்கிழக்கு ஆசியாமலேசியா பணக்கார பட்டியல்

7 inspiring podcasts for female entrepreneurs

June 27, 2021 The Singapore Women s Weekly Whether you are looking for conversations about entrepreneurship and careers, marketing and business strategies, or even pushing through failure, there is something for everyone in these inspirational podcasts. 1. Great Women of Our Time by The Singapore Women s Weekly Yes, we’re plugging our new podcast, where we bring on board inspiring female guests and their journey through motherhood and their career. Hosted by editor Elizabeth Lee, it also touches on grit and overcoming life’s challenges. In our pilot episode , we spoke to Jenny Tay, daughter of Singapore’s philanthropic undertaker Roland Tay as well as the managing director of Direct Funeral Services, who has reinvented the face of the funeral industry.

Jenny tayAmanda boleynNatalie ellisRoland tayJim rogersJenna kutcherPaige parkerJanice wongMarie foleoDanielle cantyPatrick groveElizabeth leeFuneral servicesJp morganSingapore womenDirect funeral services

Business Scoop » Homegrown Australian Technology Stars Back ESignatures Push

Business Scoop provides news and views on Business and Markets from New Zealand

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