BUZZ-Australia's Freedom Care plunges to record low On regulatory woes

Reuters

2024/11/06

** Freedom Care Group slides 25.4% to A$0.097 in its worst trading session since listing in November 2023

** Healthcare services provider gets notice to de-register its unit Freedom Care Group Pty with the National Disability Insurance Scheme (NDIS)

** NDIS Quality and Safeguards Commission's notice permanently restricts FCG unit from providing facilities to people with disabilities

** More than 340,000 shares traded, 7.1x the 30-day avg; busiest session ever

** Stock down 33.1% YTD

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))

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