Ryde Group (RYDE) Addresses Share Price Volatility, Reaffirms Strong Business Fundamentals

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Ryde Group Ltd Addresses Share Price Volatility, Reaffirms Strong Business Fundamentals

September 20, 2024 8:00 AM EDT

SINGAPORE--(BUSINESS WIRE)-- Ryde Group Ltd (NYSE American: RYDE) ("Ryde" or the Company"), a leading technology platform for mobility and quick commerce, today said the Company is not aware of any operational developments or other material events that may have caused the volatility in the Companys recent share price. The Company remains focused on executing its long-term growth strategy and delivering value to our shareholders.

Terence Zou, Group CEO & Founder of Ryde, stated, Our fundamentals are strong, and we remain committed to sustainable growth. The recent share price fluctuations... More