SUBSCRIBERS
Synagie shares up 6.9% on proposed e-commerce business disposal
Published Wed, Aug 5, 2020 · 09:50 PM
Singapore
SHARES of Synagie Corporation gained 6.9 per cent on high trading volume Wednesday, after the company said it plans to dispose of its e-commerce business for S$61.7 million which will allow it to focus on its insurtech business.
Synagie plans to distribute 18 cents per share to shareholders from the sale proceeds, if the deal is approved - nearly equivalent to its current share price.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
J&J advances US$6.48 billion settlement of talc cancer lawsuits
US holds quarterly debt sale steady, starts buybacks this month
US dollar nears six-month high after pre-Fed data shock, yen steady
KFC parent Yum reports surprise drop in global same-store sales on weak demand
Pfizer lifts 2024 profit view on cost cuts, higher Covid vaccine demand
Shell exits China power market businesses