Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Avjennings Limited ( (AU:AVJ) ) just unveiled an announcement.
AVJennings Limited has successfully implemented a scheme of arrangement with PM Nominees C Pty Ltd, resulting in the acquisition of all AVJennings shares by the Bidder. As part of this arrangement, shareholders received a special dividend and cash consideration for their shares. Following the acquisition, AVJennings’ directors have resigned, and the company has applied for removal from the ASX and termination of its share quotation on SGX GlobalQuote, indicating a significant shift in its operational and market presence.
The most recent analyst rating on (AU:AVJ) stock is a Hold with a A$0.66 price target. To see the full list of analyst forecasts on Avjennings Limited stock, see the AU:AVJ Stock Forecast page.
More about Avjennings Limited
AVJennings Limited operates in the real estate industry, focusing on residential property development. The company is known for its development of land estates, townhouses, and apartments, primarily targeting the Australian market.
Average Trading Volume: 785,171
Current Market Cap: A$278.2M
For an in-depth examination of AVJ stock, go to TipRanks’ Overview page.