Tingo rises after fintech firm reiterates response to Hindenburg allegations

Tingo

06/09/2023 14:10

** Shares of fintech firm Tingo Group  TIO.O  rise 8.9% to
$1.22 premarket
    ** TIO says it is reiterating its previously disclosed
rebuttal of all the allegations made by Hindenburg
    ** TIO issued responses to the short-seller's allegations on
Sept. 1 and Aug. 30
    ** Company also said last month it had completed an
investigation of the claims made by Hindenburg against it
    ** In June, the short-seller criticized company's founder
and alleged that the firm "fabricated" its financials
    ** As of last close, TIO shares have plummeted ~56% since
the Hindenburg report

 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com;))