Ryde Proposes Buying 10% Stake in OneT Solutions
Bitget2026/10/23 10:01- Ryde Group entered a non-binding term sheet to acquire a 10% stake in OneT Solutions from its two shareholders.
- Consideration would comprise cash and newly issued Ryde Class A ordinary shares.
- An option to acquire another 10% within nine months of initial completion could increase ownership to 20%.
- Final valuation remains subject to independent valuation and satisfactory due diligence; completion requires definitive agreements and corporate and regulatory approvals.
- The parties have a 60-day exclusivity period and aim to sign definitive agreements within 90 days of signing the term sheet.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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