Maas Group Shares Fall 22.4% Before Firmus Withdraws Proposed Listing
Photo: TokenPost
Maas Group Holdings shares fell 22.4% on Oct. 8, reducing the company’s market capitalization by about A$686.6 million, before Firmus Grid withdrew its proposed Australian Securities Exchange (ASX) listing the following day. Firmus withdrew its ASX listing application after determining that market volatility and the proposed offering terms did not adequately reflect the company’s business strength and long-term growth outlook. The company plans to pursue private-market funding and other options.
Source: TokenPost
