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Auswide Bank Ltd. ( (AU:ABA) ) has issued an announcement.
Auswide Bank Ltd has received necessary approvals for MyState Bank Limited to acquire 100% of its ordinary shares through a scheme of arrangement. These approvals, under the Financial Sector (Shareholdings) Act and the Banking Act, are critical for the scheme’s implementation. A shareholder meeting is scheduled for February 3, 2025, to vote on this proposal, highlighting a significant strategic move that could impact Auswide’s operations and its stakeholders.
More about Auswide Bank Ltd.
Auswide Bank Ltd, Australia’s tenth and Queensland’s third Australian owned bank, has been listed on the ASX since April 1, 2015. Originally a building society from 1966, it operates with an Australian Credit Licence and an Australian Financial Services Licence. The bank provides a wide range of personal and business banking products and services through branches, strategic relationships, and digital channels.
YTD Price Performance: 0.21%
Average Trading Volume: 54,479
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$251.1M
For an in-depth examination of ABA stock, go to TipRanks’ Stock Analysis page.
