SPH Acquires SgCarMart for $48 Million

SPH Acquires SgCarMart for Million According to SGE, the valuation is a 12 times multiple of SgCarMart.com's 2012 revenue and the site has over 90 percent market share in Singapore in terms of online vehicle classifieds. SgCarMart was founded by Henry Seah, Tan Jing Lun, and Vincent...

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