Australia’s Tuas plunges 40% after Singapore regulator issues notice to telecom unit
Australia’s Tuas said on Monday Singapore’s Infocomm Media Development Authority (IMDA) had issued a show-cause notice to its unit, Simba Telecom Pte, asking why the regulator should not make certain findings against it.
Shares of Tuas fell as much as 40% to A$1.093 by 0025 GMT, their lowest level since late June 2022.
