TUANZ calls for inquiry into Chorus share price movements

Mon, 16 Dec 2013

Dec. 16 (BusinessDesk) –NZX, the stock exchange operator, is declining comment on a claim by telecommunications lobbyists that there’s an emerging pattern of spikes in the Chorus share price ahead of the release of market-sensitive information from the government. The chief executive of the Telecommunications Users Association of New Zealand, Paul Brislen, cited two incidents, in August and in the last five days, where an imminent announcement from Communications Minister Amy Adams and a price spike in the telecommunications infrastructure pr...

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