CCS consults on commitments for SP Mobility–ChargEco acquisition

The conditions cover HDB carpark EV chargers in the East region.

The Competition and Consumer Commission of Singapore (CCS) is inviting public feedback until 13 April on commitments proposed by SP Mobility Pte. Ltd. (SPM) in relation to its planned acquisition of Strides YTL Pte. Ltd. (ChargEco).

The authority said feedback from an earlier consultation indicated that the transaction could raise competition issues, according to a press release on 30 March.

Both parties operate electric vehicle charging points (EVCPs) in Housing Development Board (HDB) carparks in the East region.

The companies were previously awarded contracts for EVCP deployment under a large-scale tender in November 2022 and competed against each other before the proposed transaction.

To address these concerns, SPM has proposed commitments covering EVCPs in the East region awarded under the tender, such as maintaining charging prices at or below pre-transaction levels.

The company also proposed that discounts or rebates will not be applied in a discriminatory manner based on users charging in the region.

The commitments would last for three years from the date of CCS’s final decision on the proposed transaction.

The CCS reserves the right to request that the group appoint a monitoring trustee if it suspects non-compliance with the proposed commitments.

Follow the link for more news on

Competition and Consumer Commission of Singapore

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia