Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
The latest update is out from Mystate Limited ( (AU:MYS) ).
Auswide Bank Ltd has received the necessary treasurer approval for MyState Bank Limited to acquire 100% of its shares through a scheme of arrangement. This approval, obtained under the Financial Sector (Shareholdings) Act 1998 and the Banking Act 1959, is a crucial step for the transaction to proceed. The scheme’s implementation is contingent on a shareholders’ meeting scheduled for February 3, 2025, where Auswide shareholders will vote on the proposed arrangement.
More about Mystate Limited
Auswide Bank Ltd, listed on the ASX, is Australia’s tenth and Queensland’s third Australian-owned bank. It transitioned from a building society in 2015 and holds both an Australian Credit Licence and an Australian Financial Services Licence. As an Authorised Deposit-taking Institution, Auswide Bank offers a wide range of personal and business banking products through branches, strategic partnerships, and digital channels.
YTD Price Performance: -1.57%
Average Trading Volume: 169,635
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$487M
See more insights into MYS stock on TipRanks’ Stock Analysis page.
