TAXI HAILING T MAP MOBILITY TO ISSUE NEW SHARES WORTH $357.3 MILLION

Highlights –

• Taxi hailing T Map Mobility to issue new shares worth $357.3 million.
• The shares will then be allocated to two private equity funds (PEFs).
• T Map Mobility’s move comes as it plans to compete with Kakao Mobility.
• Kakao Mobility secured around $50 million in investment from Google.

On Friday, South Korean taxi-hailing operator, a mobili....