Tuas Ltd

Tuas Limited (ASX:TUA) was incorporated in March 2020 as part of the TPG Telecom Limited group of companies.

Following the merger between TPG Telecom and Vodafone Hutchison Australia in June 2020, the Singapore mobile business, TPG Telecom Pte Ltd (TPG Singapore), was demerged from the broader TPG Group by transferring all the shares in TPG Singapore to Tuas. The economic interest in TPG Singapore was then transferred to TPG shareholders by way of an in-specie distribution of Tuas shares. Accordingly, TPG shareholders on the register at the time of demerger received shares in Tuas and became the shareholders of Tuas.