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Ride hailing app Grab, The Uber of South East Asia - Coggle Diagram
Ride hailing app Grab
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SPAC
For start-ups like Grab, it is a quicker and cheaper way to list on a stock market, with fewer regulatory hurdles.
"Even after the company is listed, the voting rights can be geared to favour the founder and they remain in absolute control.
Grab is a case in point
Mr Tan has secured 60.4% of the voting rights even though he owns just 2.2% of the company's ordinary shares.
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It can be more risky and they have not been a mainstream investment instrument until fairly recently.
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