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An update from Avjennings Limited ( (AU:AVJ) ) is now available.
AVJennings Limited has announced a proposed acquisition by PM Nominees C Pty Ltd through a scheme of arrangement, which has been approved by the Supreme Court of New South Wales. The Scheme Booklet, including an Independent Expert’s Report, has been released, indicating that the acquisition offer of $0.655 per share is above the assessed value range, and is recommended by the AVJennings Board. Shareholders are encouraged to vote on the proposal at the upcoming Scheme Meeting, with an Extraordinary General Meeting to follow for a related share issue resolution.
More about Avjennings Limited
AVJennings Limited operates in the real estate industry, primarily focusing on residential property development. The company is known for its development of land estates, homes, townhouses, and apartments, catering to a diverse market of homebuyers and investors.
Average Trading Volume: 969,860
Current Market Cap: A$362.4M
See more data about AVJ stock on TipRanks’ Stock Analysis page.