Singapore taxi firm ComfortDelGro loses 11% of its value waiting for deal with Uber

The Uber logo is seen on a screen in Singapore August 4, 2017. REUTERS/Thomas White

ComfortDelGro Corp. has lost S$500 million ($370 million) in just four months — on track to become Singapore’s second-worst performing stock in 2017 — as investors lose patience over a planned venture with Uber Technologies Inc.

More than three months after the operator of Singapore’s largest taxi fleet said it is in talks with Uber Technologies Inc. for a potential alliance, nothing has been announced.

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