Motorway Group and Toh motors pte. Ltd. entered into an agreement to acquire Lion City Holdings Pte. Ltd. from Lion City Holdings Pte. Ltd. on January 3, 2019. Motorway Group and Toh motors pte. Ltd. completed the acquisition of Lion City Holdings Pte. Ltd. from Lion City Holdings Pte. Ltd. for approximately SGD 350 million on January 7, 2019. The transaction involves some 8,000 cars that are two-years old and older. The deal will include the takeover of about 150 Lion City Rentals employees, as well as its rented premises. Andrew Hutchins of Clifford Chance LLP acted as legal advisor to the United Overseas Bank Limited, a lender in the transaction.