Transaction Capital Says Board of We Buy Cars Holdings to Proceed with Pre-Listing Capital Raise

We Buy Cars Holdings Limited is a South Africa-based company, which is engaged in vehicle buying service. The Company offering extends beyond the buying and selling of vehicles. It offers finance solutions, insurance products, and services to protect the customer's car. It also assists in the sale of warranty and extended warranty products, service plans, tire, and rim cover, and scratch and dent cover. The Company is engaged in buying and selling vehicles from approximately 15 supermarkets, has 74 buying pods and has more than 340 buyers nationwide. The brands that the Company deals in includes Volkswagen, Toyota, Ford, BMW, Hyundai, Mercedes-Benz, Nissan, Audi, Chevrolet, and Renault.