Murkiness surrounds NOVA’s stock dealings

Embattled English language conversation chain NOVA Corp. is attracting attention for the murkiness of its share trading, its receivers said over the weekend.

Some management records have disappeared and wild fluctuations in its share price have been pointed out as appearing unnatural.

There have also been claims that efforts to secure capital before it applied for court protection from creditors on Friday lacked transparency.

Receivers announced that they plan to conduct a thorough investigation into NOVA’s share trading.

Jasdaq decided to delist NOVA on Nov. 27.