Ryde Group says unaware of cause of volatility in share price

Ryde Group said the company is not aware of any operational developments or other material events that may have caused the volatility in the company’s recent share price. Terence Zou, Group CEO & founder of Ryde, stated, “Our fundamentals are strong, and we remain committed to sustainable growth. The recent share price fluctuations do not reflect the progress we have made since our NYSE listing in March 2024. The key management and shareholders have not divested any of their shares and remain confident in the Company’s future.”