The Business Times
business-time-50

Synagie shares up 6.9% on proposed e-commerce business disposal

google-preferred-sourceAdd BT as a preferred source
Vivienne Tay

Vivienne Tay

Published Wed, Aug 5, 2020 · 09:50 PM
Shares jump

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.

E-commerceV2Y Corp

TRENDING NOW

Employees may grumble about long hours, difficult clients or demanding deadlines, but often the biggest push factor is how they are treated.

What makes a good job? Feeling that you matter

Alibaba’s Qwen alone has overtaken Meta’s Llama to become the most downloaded open-source model family in history.

When the disruptor gets disrupted: How Chinese open-source AI is eating its own industry

A distinct separation of duties in a family enterprise protects both the business and the family. 

Family businesses fail when members overstep their roles

Air India has presented both challenges and potential opportunities to Singapore Airlines, but its investment outcome is still uncertain.

The billion-dollar question Singapore Airlines shareholders should ask at its AGM

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More