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Tuas Raises $75M in Oversubscribed Share Plan to Back M1 Deal

8:39am on Wednesday 1st of October, 2025 AEST Telecommunications
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Tuas Raises $75M in Oversubscribed Share Plan to Back M1 Deal

8:39am on Wednesday 1st of October, 2025 AEST
Key Points
  • Share Purchase Plan raised $75 million, surpassing $50 million target
  • Approximately 9 million new shares to be allotted at $5.51 each
  • Around 3,000 shareholders participated in the SPP
  • Share allocations scaled back to avoid marketable parcel issues
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