BUZZ - After Firmus halted its IPO plan, the stock price of Australia's Maas Group plunged nearly 10%

October 11 - ** Shares of Australia’s Maas Group (MGH.AX) at one point dropped 9.9% to A$4.170, hitting their lowest level since April 10.

** MGH fell more than 30% last week, and dropped another 6.6% on Friday (link).

** The construction services provider owns a 3.2% stake in Firmus, a Nvidia NVDA.O-backed data center operator, which has shelved its $5 billion listing plan (link).

** MGH acquired 1.1 million ordinary shares and 1.1 million preference shares of Firmus at a historical average cost of A$188 per share in calendar year 2026.

** The stock is on track for its fifth consecutive session of declines.

** Including today’s loss, the stock is down more than 20% so far this year.

(To assist non-English speakers, Reuters has automatically translated its reporting into several other languages. As automated translation may contain errors or may not include the necessary context, Reuters does not guarantee the accuracy of the automated translations and provides them solely to assist readers. Reuters assumes no responsibility for any damage or loss resulting from the use of this automated translation function.)