Fake news about Samsung-buying a Swedish company brought confusion on the Swedish share of rushing
Friday, 11 October 2013
A scandal has occurred in the morning during trading period in the
Stockholm Stock Exchange that has brought intense confusion and
consternation to the market.
At about 10 o'clock this morning, press release distributing company,
Cision is made to believe to have sent out a press release that
"Samsung was buying Swedish finger print company for Skr4.2 billion."
That information spooked the market made the stock market to jump but
it turned out that the information was false.
After several hours of trading stop, and after it was fully understood
that the messaging was false, companies, Fingerprint Cards and Precise
Biometrics resumed at 13.30, the Stockholm Stock Exchange announced.
When trading reopened, Skr53 per share, which is half a percent higher
than Thursday's closing price. Prior to the suspension of trading the
stock had spiralled to Skr79.
Cision has made a quick investigation of the events morning’s issues
and in press release they write that it was a fraud. They write:
“Cision has made a preliminary investigation of the event this morning
where a fraudulent press release was distributed. This investigation
shows that the company has followed its procedures and has been subject
to a sophisticated fraud. As a consequence, Cision has decided to turn
over the case to the police for further investigation of criminal
Fingerprint cards company deals with identification through
fingerprints, a technology that is being adopted by the likes of Apple
in its new iPhone.
Stockholm Stock Exchange has since decided to annul all transactions conducted after the announcement.
At the same time competitor Precise Biometrics share was nearly as
much, and after that critical voices have been raised Stockholm Stock
Exchange decided at noon to annul its deals also.
The fake press release was delivered to Cision from an email address
that Fingerprint cards do not normally use. The phone number listed in
the message turned out to go to an unregistered prepaid cards.
In a press release, Fingerprint Cards AB writes that it has not been
acquired by Samsung. It also add that “the previous press release was
not sent by Fingerprint Cards AB”
By Scancomark.com Team
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