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BRIEF-Singapore's CCCS Issues Provisional Decision On Grab Holdings’s Proposed Acquisition Of Trans-Cab Holdings

July 11 (Reuters) - SINGAPORE'S CCCS:

* ISSUES PROVISIONAL DECISION ON GRAB HOLDINGS LIMITED’S PROPOSED ACQUISITION OF TRANS-CAB HOLDINGS

* PROPOSED ACQUISITION WILL WEAKEN GRAB’S RIVAL RIDE-HAIL PLATFORMS BY DEPRIVING THEM OF IMPORTANT SOURCE OF DRIVERS

* ACQUISITION LIKELY TO RESULT IN SUBSTANTIAL LESSENING OF COMPETITION FOR SUPPLY OF RIDE-HAIL PLATFORM SERVICES IN SINGAPORE

* WELCOME PARTIES TO OFFER SOLUTIONS TO ADDRESS COMPETITION CONCERNS RAISED, BEFORE CCCS MAKES FINAL DECISION Further company coverage: