Grab secures $700m debt facility to be SEA’s largest car rental platform

FILE PHOTO - People wait for the start of ride-hailing company Grab's fifth anniversary news conference in Singapore June 6, 2017. REUTERS/Edgar Su/File Photo

Uber’s competitor, southeast Asia’s ride hailing company Grab, has secured debt financing line of up to $700 million to build the largest car rental platform in the region by end 2018.

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