Carsome Sdn Bhd entered into an agreement to acquire a 19.9% stake in iCar Asia Limited (ASX:ICQ) from Catcha Group on July 13, 2021. Carsome Sdn. Bhd. will issue 1,703,174 preference D2 redeemable convertible preference shares as a part of consideration. In a related transaction, Carsome Sdn Bhd made a proposal to acquire 80.1% stake in iCar Asia Limited from Catcha Group for approximately AUD 200 million on July 13, 2021. Goldman Sachs acted as financial advisor and Herbert Smith Freehills LLP acted as legal advisor to iCar Asia Limited.