The Land Transport Authority (LTA) of Singapore has announced that it will conduct an in-depth review of the acquisition of Trans-cab by Grab, the ride-hailing giant. This move comes as part of the regulator's efforts to ensure fair competition in the local taxi industry.
The acquisition, which took place earlier this year, saw Grab obtain the taxi business of Trans-cab, one of Singapore's largest taxi operators. With this acquisition, Grab further strengthened its position as a leading player in the ride-hailing market.
