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#BTExclusive: Carsome acquires 51% of used car dealer CarTimes in IPO push
Sources said that the deal is half in cash and half in shares and believed to be worth around US$60 million. Regulatory filings show that on Mar 7, CarTimes' managing director Eddie Loo transferred 408,000 ordinary shares in the company to the entity Carsome Group. Loo still owns the remaining 49 per cent of CarTimes.
