Tag: Singapore startups
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Singapore’s Shariot and Related Firms Seek Restructuring Amid S$180 Million Debt Load
Background: A Group Under Financial Strain Singapore’s car-sharing sector is facing a significant financial hurdle as Shariot, a well-known on-demand vehicle-sharing platform, along with eight related companies, considers restructuring options. The group’s aggregate debts are reported to be around S$180 million, a figure that has caught the attention of creditors, investors, and industry observers alike.…
