Angkas: company is not majority foreign-owned

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Angkas: company is not majority foreign-owned
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Motorycle ride-hailing firm Angkas explained that ownership issues surrounding the firm had already been

“rectified,” amid concerns raised by government regulators that the company might have violated constitutional restrictions that cap foreign ownership in some businesses in the country.

According to the TWG, 99 percent of Angkas is currently owned by Singaporean Angeline Tham, a former executive of ride-sharing company Grab. Royeca said official records are not updated yet due to operational lag, but that they will be eventually.

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