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get's proposed acquisition of Trans-cab will 'considerably weaken' rival trip-hail platforms in S'pore: CCCS
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"We are going to carry on to function our business as regular," Trans-cab advised CNA on Friday morning when requested about its reaction on the CCCS statement. the corporate declined to comment on irrespective of whether It will be creating its representations to the considerations elevated.
on the other hand, the organization did not reply whether it continues to be devoted to the deal or options to generate further submissions to CCCS.
In its provisional selection, CCCS uncovered that the proposed acquisition is likely to bring about a "significant lessening of Levels of competition" in the market for the provision of experience-hail System expert services to motorists and passengers.
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"Grab has also recognised that in the proposed acquisition, it'll possible manage to substantially conserve to the incentives that it would have to pay out to drivers in comparison with if it employed choice signifies to boost driver supply," reported CCCS.
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seize's proposed acquisition of Trans-taxi will 'noticeably weaken' rival experience-hail platforms in S'pore: CCCS