SINGAPORE (Feb 15): Eurosports Global said on Wednesday it has entered into a non-binding memorandum of understanding with Siu Tat Man to fully acquire Hong Kong based SS Ventures.

SS Ventures is the operator of Fly Taxi, a taxi hailing application in Hong Kong, and the owner of all of the intellectual property relating to the app. The company is fully owned by Siu.

Eurosports Global distributes ultra-luxury and luxury automobiles, and also provides short term rental of supercars and runs a supercar sharing club.

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