Toyota Financial Services Singapore Pte Ltd, Toyota Tsusho Asia Pacific Pte. Ltd. and Phillip Binter Pte Ltd agreed to acquire SGCM Pte. Ltd. from Singapore Press Holdings Limited (SGX:T39) for SGD 150 million on February 25, 2022. SPHL and TFSSG have agreed to an all-cash deal that also includes SGCM's intellectual property and its subsidiaries, Quotz Pte Ltd (Quotz), Singapore's leading consumer-to business (C2B) online car auction platform, and Quotz (Taiwan) Pte Ltd. The acquisition by Toyota Financial Services Singapore Pte Ltd will be completed on 28th February 2022.

Toyota Financial Services Singapore Pte Ltd, Toyota Tsusho Asia Pacific Pte. Ltd. and Phillip Binter Pte Ltd completed the acquisition of SGCM Pte. Ltd from Singapore Press Holdings Limited (SGX:T39) for SGD 150 million on February 28, 2022.