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

Freedom Care group

06/11/2024 01:00

** Freedom Care Group  FCG.AX  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;))