Australian Securities Exchange Maintains Trading Suspension of Freedom Care Group Holdings' Securities

MT Newswires Live12-16

The Australian Securities Exchange (ASX) has extended the suspension of Freedom Care Group Holdings' (ASX:FCG) securities, according to a Monday filing with the Australian bourse.

The company requested the suspension of its securities on Nov. 14, due to ongoing discussions with the National Disability Insurance Agency over a payment suspension, the filing said.

In December, the company announced the appointment of voluntary administrators to its unit, Freedom Care Group.

Following the appointment, the ASX determined that the company's financial condition breached listing rules and suspended the quotation of its securities.

The suspension will remain in place until Freedom Care Group Holdings complies with ASX's listing rules and meets the requirements for reinstatement, the filing added.

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