Singapore-based Eurosports Global, the sole authorised Lamborghini dealer in Singapore, on Tuesday said its joint venture company, Prosper Auto entered into a dealership agreement with Italian sports car maker.
As part of the deal, the company will market and sell Lamborghini automobiles, parts, accessories and merchandises made by Lamborghini in Jakarta, Indonesia.
Eurosports specializes in the business of distribution of ultra-luxury and luxury automobiles and provision of after-sales services. It retails automobile brands such as Pagani, Alfa Romeo and Touring Superlegerra in Singapore.
The dealership agreement is not expected to have any material impact on the consolidated net tangible assets per share and consolidated earnings per share of the Group for the financial year ending March 31, the company said.
Shares in Eurosports ended down 2 percent at S$0.24 on the Singapore Exchange.