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Synagie shares up 6.9% on proposed e-commerce business disposal
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Published Wed, Aug 5, 2020 · 09:50 PM
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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.
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