The following companies saw new developments that may affect trading of their securities on Wednesday (Jan 11):
ComfortDelGro (C52): Land transport operator ComfortDelGro committed a US$4 million investment in Ottopia, an Israeli company that develops teleoperation software for autonomous vehicles (AVs).
The investment will be made through the group’s US$100 million venture capital fund, and is the largest in Ottopia’s Series A funding round.
Tel Aviv-based Ottopia’s teleoperation technology is unique in its ability to remotely assist, guide and safely control fleets of AVs, said ComfortDelGro on Wednesday (Jan 11).
Sats (S58): Proxy advisory firm Glass Lewis said in a report published last Friday (Jan 6) that it believes the strategic and financial rationale for Sats’ acquisition of WFS is “largely sound”, and that it recommends Sats shareholders approve the deal.
Sats-WFS deal: Pro forma financials in circular show lower immediate boost to earnings, EPS.
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