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An announcement from Avjennings Limited ( (AU:AVJ) ) is now available.
AVJennings Limited has entered into a Scheme Implementation Deed with AVID Property Group and Proprium Capital Partners to acquire all ordinary shares for $0.655 per share, representing a significant premium over previous trading prices. The AVJennings Board supports the scheme, which requires court and shareholder approval, and has appointed Kroll Australia as an independent expert to assess its benefits for shareholders. SC Global, holding a majority stake, intends to vote in favor of the scheme, which includes conditions like regulatory approvals and exclusivity provisions.
More about Avjennings Limited
AVJennings Limited operates in the real estate industry, focusing on residential property development. The company is known for its expertise in creating residential communities and has a significant presence in the Australian market.
Technical Sentiment Signal: Sell
Current Market Cap: €96.74M
Learn more about AVJ stock on TipRanks’ Stock Analysis page.