(Aug 28): Shares in ComfortDelGro Corp received a strong boost after the company said on Aug 22 that it had signed an exclusive agreement with Uber to open talks on future collaboration.

This could involve Uber’s managing ComfortDelGro’s fleet of taxis on its app as well as the two companies’ working together on new fleet management and booking software solutions in Singapore.

Shares in ComfortDelGro closed 9% higher at $2.36 on Aug 23. They moderated the following day to end at $2.32.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook