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 the head of news and a senior finance journalist and presents bulletins including the Market Outlook, Market at Midday and Market Wrap. She also interviews ASX CEOs and leading fund managers. She joined FNN in January 2017 with over six years of broadcast journalism experience including with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for Prime 7 and WIN News. Jessica has worked in financial planning for over six years with leading wealth managers and in real estate.