Market briefs: CSG, iSOFT, Nexbis

CSG (ASX:CSV) appoints non-executive chairman: iSOFT (ASX:ISF) shares jump prior to trading halt; Nexbis (ASX:NBS) confirms Maldives project is on hold

CSG appoints new chairman

IT services company, CSG (ASX:CSV), has appointed Joe Czyzewski as its new non-executive chairman.

Czyzewski, who joined the CSG board in February, will take over the position from outgoing executive chairman, Philip Chambers.

The new chairman previously worked for 32 years at BHP (ASX:BHP) and then spent a six-year stint at Healthscope. CSV shares climbed 3.54 per cent on Thursday to $1.170.

iSOFT enters trading halt

Health IT company, iSOFT (ASX:ISF), has requested a trading halt while it prepares an announcement on its business review process.

The trading halt will last until the announcement is made or the commencement of trading on 28 March, iSOFT said.

ISF shares grew 20.93 per cent to $0.052 during Thursday's trading before the halt took effect.

Nexbis confirms Maldives project is on hold

IT security company, Nexbis (ASX:NBS), said it had received formal notification of the suspension of its border security project in the Maldives.

The Malaysian company listed on the ASX said it had been informed that a formal complaint had been filed with the nation's Anti Corruption Commission (ACC), which has advised all work on the project cease while the complaint is investigated.

News that the project has been suspended has been circulating since November, but Nexbis said this is the first time it has received confirmation of the freeze. The company repeated its insistence that it had won the deal through a fair and honest tender process.

NBS shares grew 5.26 per cent during Thursday's trading to $0.100.

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