ComfortDelGro soars on news of talks with Uber

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.