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 joined FNN in January 2017 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She has been a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for regional Channel 7 and 9. She also previously worked as a financial planner and real estate agent.