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ComfortDelGro soars on news of talks with Uber

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Published Wed, Aug 23, 2017 · 09:50 PM
    Market comfort

    Singapore

    SHARES in bus, rail and taxi operator ComfortDelGro were hotly traded on Wednesday, rising 8.8 per cent or 19 cents to S$2.36. More than 56 million shares were traded - a high not seen for more than four years.

    The firm had announced the day before that it was potentially forming a strategic alliance with ride-sharing giant Uber. The collaboration may include "management of fleet vehicles and booking software solutions in Singapore, including the company's taxis also being made available on Uber's app," it said.

    ComfortDelGroUber

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