UCars, a car portal challenging sgCarMart, is facing financial difficulties as it has been served a notice of demand to repay over $400,000. The company is currently verifying the amount and working on a repayment schedule.
There have also been changes in the company's leadership, with the former CEO being replaced by a new shareholder. This comes after several directors at the holding company, 21 United Holdings, stepped down due to conflicts of interest.
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