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Shariot and related firms explore restructuring amid $180m debt
The Straits Times
|November 27, 2025
Creditors asked to hold off on debt recovery as firms consider options
Car-sharing company Shariot is among nine related companies requesting its creditors to hold off on recovering debts while they explore restructuring options.
The nine companies - which also include large car leasing firm Autobahn Rent A Car - deal in car sales, repair, leasing and financing. They are said to be interlinked in terms of their financial, operational and fleet-related arrangements and have the same shareholders.
Speaking to The Straits Times on Nov 26, Mr Roy Tan, the majority shareholder of the companies, said the firms have about $180 million in debt, the bulk of which comes from Autobahn Rent A Car.
Autobahn Rent A Car has grown its fleet from 500 vehicles to 1,700 over the past few years after the Covid-19 pandemic. These are mainly rented out for ride-hailing services.
Cette histoire est tirée de l'édition November 27, 2025 de The Straits Times.
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