Buddy Platform enters suspension

Company News

by Jessica Amir

Cloud platform company, Buddy Platform (ASX:BUD) shares has been voluntarily suspended from trading, pending an ASX query about its contracts.

The company responded to the ASX today in regards to its said contracts under question worth about $52 million in revenue.

The contracts are with Thor, Digicel, SaskTel and Ingram Micro.

The suspension should lift no later than 6 February.

Shares in Buddy Platform (ASX:BUD) are trading last traded at 21 cents.
 

Jessica Amir

Finance News Network
Jessica is a senior finance journalist and presents the Market Outlook, Market at Midday and Market Wrap. She also presents ASX company news and interviews CEOs. She joined FNN in January 2017 with six years of broadcast journalism experience. She worked as a journalist and producer with Sky News Business, ABC 1, ABC's The Business and ABC24. She also worked in regional Australia for Prime 7 and WIN News as a TV reporter. In her prior life she worked as a financial planner.