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ComfortDelgro shares soar 8.3% on news of potential alliance with Uber

Hot Stock

ComfortDelgro shares soar 8.3% on news of potential alliance with Uber

Michelle Zhu Published on Wed, Aug 23, 2017 / 4:01 PM GMT+8

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SINGAPORE (Aug 23): Shares in land transport company ComfortDelgro (CDG) have leapt 8.3% to $2.36 at 3.35pm after Tuesday's night announcement of a possible strategic alliance with its competitor, Uber Technologies, on Tuesday.

See: ComfortDelGro and Uber in exclusive talks over possible alliance

Earlier this morning, the counter hit an all-day high of $2.40 just 20 minutes after market open, before stabilising to trade at $2.30 and above.

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