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Avjennings Limited ( (AU:AVJ) ) has provided an announcement.
AVJennings Limited has announced that the Foreign Investment Review Board (FIRB) and the New Zealand Overseas Investment Office (OIO) have approved the proposed acquisition of AVJennings by PM Nominees C Pty Ltd. This approval satisfies key conditions for the scheme of arrangement, although it still requires shareholder and court approval. The AVJennings Board recommends shareholders vote in favor of the scheme, highlighting its potential benefits for stakeholders.
More about Avjennings Limited
AVJennings Limited operates in the real estate industry, focusing primarily on residential property development. The company is known for its development of land and residential communities across Australia and New Zealand.
See more insights into AVJ stock on TipRanks’ Stock Analysis page.
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